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It has been brought to the notice of the Board that a 100% EOU has cleared cotton yarn manufactured from duty free locally procured cotton yarn and imported Poly Vinyl Acetate, to Domestic Tariff Area, by availing of the exemption notification No. 8/ 97-CE dated 1.3.97. The notification No. 8/97-CE stipulates that benefit would be available to the goods produced or manufactured in a 100%
I am directed to refer to Board’s Circular No. 41/ 97-CUS dated 19.9.97 (F.No. 473/ 31/ 97-LC) on the subject cited above and to inform that the said Circular may be treated as amended as follows
Representations have been received from Exporters for grant of credit under the erstwhile passbook scheme, announced in para 54 of the Exim Policy (1992-97), for certain export consignments for which shipping bills were filed prior to 31.3.97, but where the date of bill of lading or mate receipt falls after 31.3.97. The date of export, as per Handbook of Procedures (Vol.1), related to Exim Policy
