Clarification on the erstwhile Pass Book Scheme issued under Exim Policy, 1992-97 Regarding utilisation of credits

F.No. 1/7/115/97-98/PC.II

GOVERNMENT OF INDIA

MINISTRY OF COMMERCE

DIRECTORATE GENERAL OF FOREIGN TRADE

UDYOG BHAVAN, NEW DELHI.

Policy Circular No. 24 (RE-98)/98-99,

dated, the 23^rd July, 1998

To,

1. All Licensing Authorities / Designated Authorities Pass Book Scheme
2. All Commissioners of Customs and Central Excise.
3. The Federation of Indian Export Organisation, New Delhi.
4. The Export Promotion Councils / Commodity Boards
5. All Chambers of Commerce and Industries / Association on the Mailing List

Subject: Clarification on the erstwhile Pass Book Scheme issued under Exim Policy, 1992-97.. Regarding utilisation of credits.

Sir,

Kind attention is invited to Policy Circular No. 23 (RE-98)/98-99 dated 17.7.1998 issued on the subject mentioned above.

2. The paragraph 4 of the above said Circular is amended to read as under:

“All the Designated Authorities of Pass Book Scheme and Commissioners of Customs are, therefore, advised that they must finalise the claims and grant credits, wherever admissible, positively latest by 30. 9.1998”.

This issues with the approval of Director General of Foreign Trade.

Yours faithfully,

( L.B. Singhal )

DY. DIRECTOR GENERAL OF FOREIGN TRADE