All
Authorised Dealers
in Foreign Exchange,
Dear
Sirs,
DUTY
DRAWBACK CLAIMS
Authorized
Dealers are aware that duty drawback claims against exports
made under irrevocable letters of credit/barter arrangements
are paid by the Customs without BCA on the basis of their
certificates issued on the formats prescribed by us. It
has now been decided by the Government that the requirement
of BCA be dispensed with in respect of shipments made under
firm contracts viz. D.P. and D.A. also provided shipment
has been made and comments dispatched alongwith export bill
to the foreign correspondents for realization of proceeds.
2.
Accordingly, the Authorized Dealers on requests from exporters,
may issue following certificate for claiming duty drawback:-
3.
However, this new proforma will be optional and in addition
to the existing system of Bank Credit Advice. The option
will also be for the exporters to make and not for any body
else.
4.
In case where bills against which the above certificate
was issued are not realized within the prescribed period
of 120 days or the tenor (whichever is later), the A/Ds
will report non-realization to the Collectorate of Customs
at Karachi/Lahore/Sialkot etc. according to area of jurisdiction,
in the month following the month in which the prescribed
period expired on the appended format on monthly basis:-
5.
Please advise your constituent accordingly and ensure to
add necessary columns in the Bill register so that each
case of duty drawback where certificate for claiming rebate
issued but proceeds remained unrealized within the prescribed
period is reported to the Customs without fail.
