In
terms of the procedure prescribed for import of arms and
ammunition of Non-Prohibited Bore (NPB) Ministry of Commerce
issues “Import Authorization” in favour of
the authorized importers which are required to open LC
/ Contract with duly authorized bank branch. It has, however,
been observed that some banks are not complying with the
procedure prescribed by the Ministry of Commerce for import
of arms and ammunition of NPB.
Banks
are, therefore, advised to ensure that only the branch
authorized by the Ministry of Commerce in their “Statute
of Authorization” should open LC / Contract for
import of arms and ammunition of NPB and adhere to all
other instructions issued by the Ministry of Commerce
in this regard.
Please
acknowledge receipt.