Please
refer to the captioned Scheme circulated vide BPRD Circular
No.44 of 1998 and BSD Circular No.35 dated 28th September,
2001 along with subsequent modifications made therein from
time to time.
2.
We have to advise that presently fines are imposed
on the exporters for non-performance on account of their failure
to produce evidences of shipment under Part I and performance
reports under Part II within the prescribed dead lines. However,
after imposition of fine, a considerable number of representations
are made to SBP for refund of fine which are not supported
by the requisite and necessary documents / evidences.
This result in delay in processing of cases.
3.
In order to streamline processing of the cases involving
refund of fines recovered under EFS as also to make the system
more transparent, this department has prescribed a procedure
which has been attached to this Circular.
The banks are advised to properly circulate the same
amongst their branches dealing with the Export Finance Scheme
/ cases, besides providing a copy of the same to their clients
for information and necessary action at their end.
The said procedure will come into effect as from 1st
July 2002.
4.
Other instructions on the subject shall remain unchanged.
Please
acknowledge receipt.
Encls:
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