Circulars/Notifications  

 F.E. Circular No. 56
June 15, 1992 

All Authorized Dealers in
Foreign Exchange,

Dear Sirs,

SUBMISSION OF EXCHANGE CONTROL COPY
OF BILL OF ENTRY IN RESPECT OF IMPORTS

In terms of Para 45 (iii), Chapter XIII of the Exchange Control Manual (Sixth Edition, 1987), Authorized Dealers are required to submit a monthly overdue statement to the area Office of the Exchange Control showing cases where Bills of Entry/Certified Invoices have become overdue during the month. In case, where concerned branches of the Authorized Dealers receive from the importers Customs Bills of Entry/Certified invoices subsequent to the dispatch of the relative monthly overdue statement, they are required to send an advice to the concerned area Exchange Control Office of the State Bank quoting the month of the overdue statement and the Sr. No. at which the relative item appears in the overdue Statement.

2. It has been observed that the Authorized Dealers are not submitting to the area Exchange Control Offices the advises in respect of customs Bills of Entry/Certified invoices submitted by the importers after submission of the overdue statement contrary to the instructions prescribed in this behalf. In order to avoid inconvenience to the importers, it has been decided that in addition to the monthly overdue statement, the Authorized Dealer will henceforth also submit monthly statement of overdue cases reported but closed on the format appended giving the details of cases where the Authorized Dealers have deleted the items form the overdue statement during the month under report either due to submission of the Customs Bills of Entry/Certified invoices or under instructions from the State Bank of Pakistan:-

    STATEMENT SHOWING PARTICULARS OF
    OVERDUE IMPORT CASES CLOSED DURING
    THE MONTH OF ---------------------------

    Sl. No.

    Name of Importer

    ‘I’ Form No.

    Amount remitted

    Date of Remittance

    Reference of Overdue statement

    Foreign Currency

    Rs.

    Month

    Sr.No.

    1.

    2.

    3.

    4.

    5.

    6.

    7.

    8.

Date on which
B/E or Certified
Invoice Submitted

Value of Import
Certified by Customs.

SBP Approval No.
& Date for Closing
the Case, if any.
Remarks If any.

9.

10.

11.

12.

3. This statement for the month of May, 1992 should be submitted by the 30th June, 1992 to the area offices and for subsequent months by the 25th of the month alongwith the overdue statement.


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