DGFT Updates Pass Book Scheme: Credits Valid Until March 31, 1999; Claims Finalization Deadline December 31, 1998.

The circular from the Directorate General of Foreign Trade clarifies the utilization of credits under the Pass Book Scheme from the EXIM Policy 1992-97. Initially, credits were valid for one year from the grant date. The modification states that credits are now valid for one year or until March 31, 1999, whichever comes first. Designated authorities and customs commissioners must finalize claims and grant credits by December 31, 1998. This directive is issued with the approval of the Director General of Foreign Trade.

---

---

---