Nature
of Irregularity. |
Existing
Rates
of Fine |
Revised
Rates
of Fine |
A
Part I |
i)
|
Non
–Shipment
[ Para 9.1 of Booklet of Instructions -2000]
|
Paisa
37 per day per Rs.1000 or part thereof |
Existing
Scale |
ii)
|
Short
/ Delayed
Shipment
[Para 9.2 of Booklet of Instructions ]
|
Paisa
37 per day per Rs.1000 or part thereof |
Paisa
28 per day per Rs.1000 or part thereof |
iii) |
Late
adjustment of funds by a bank against repayment made to
it.
[Para 9.3 of Booklet of Instructions] |
Paisa
60 per day per Rs.1000 or part thereof |
Paisa
42 per day per Rs.1000 or part thereof |
iv) |
Fine
for delayed submission of shipping documents by the exporters
[Para 9.5 of Booklet of Instructions]
|
Rs.2000
for the default and Rs.100 per day for each day of default
|
Existing
Scale |
B
Part II
|
|
Short-fall
in performance
[Para
28(iii) Booklet of Instructions -1998] |
Paisa
37 per 1000 of the short-fall or part thereof |
Paisa
28 per day per Rs.1000 or part thereof, however, exporters
who fail to perform to the extent of, at least 50% of
the prescribed level, shall continue to be subject to
fine @ Paisa 37 per 1000 of the product of shortfall.
|
2 |
|
Nature
of Irregularity. |
|
|
C
General |
i)
|
Non
–Shipment
[ Para 9.1 of Booklet of Instructions -2000] |
Paisa
37 per day per Rs.1000 or part thereof |
Existing
Scale |
ii) |
Short
/ Delayed
Shipment
[Para 9.2 of Booklet of Instructions ]
|
Paisa
37 per day per Rs.1000 or part thereof |
Paisa
28 per day per Rs.1000 or part thereof |
iii) |
Late
adjustment of funds by a bank against repayment made to
it.
[Para 9.3 of Booklet of Instructions] |
Paisa
60 per day per Rs.1000 or part thereof |
Paisa
42 per day per Rs.1000 or part thereof |
iv) |
Fine
for delayed submission of shipping documents by the exporters
[Para 9.5 of Booklet of Instructions] |
Rs.2000
for the default and Rs.100 per day for each day of default
|
Existing
Scale |
B
Part II
|
|
Short-fall
in performance [Para
28(iii) Booklet of Instructions -1998] |
Paisa
37 per 1000 of the short-fall or part thereof |
Paisa
28 per day per Rs.1000 or part thereof, however, exporters
who fail to perform to the extent of, at least 50% of
the prescribed level, shall continue to be subject to
fine @ Paisa 37 per 1000 of the product of shortfall.
|
i) |
Fine
for any other default by the exporter/bank
[Para 9.4 of Booklet of Instructions]
|
Paisa
37 per day per Rs.1000 or part thereof |
Existing
Scale, however, depending upon the nature of irregularity
by the exporter and / or bank or both, in administering
the Scheme, such as misuse of the facilities, utilization
of the Scheme on fraudulent and or tempered documents
etc, SBP may also consider to place an embargo for a period
of one year on the bank
and / or exporter or both for availing financing
facilities under EFS. |
ii) |
Fine
for wrong information and incorrect reporting / entry
in statement (EF-1, EE-1, ED and Annexure-D) required
to be submitted to SBP.
[Para
9.6 of Booklet of Instructions] |
Rs.100
per wrong entry. |
Rs.100
per wrong entry. |