Please
refer to BPRD Circular Letter No.34 dated November 20,
2008 on the captioned subject. It has been decided to
make following amendments in the above mentioned Circular
Letter;
1.
Cash Margin exemption previously granted to HS Codes 8702,
8704, 8707, 8708, & 8714 vide above referred Circular
Letter has been withdrawn.
2.
The requirement of 35% cash margin has been waived on
the import items enclosed at Annexure A.
3.
The requirement of 35% cash margin has been imposed on
import items as mentioned at Annexure B.
Banks
are advised to comply with the above mentioned amendments
immediately. However, other instructions on the subject
will remain unchanged.
Please
acknowledge receipt.
Encl:
Annexure-A:
List of items which require no cash margin
Annexure-B: List of items
on which cash margin is required