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exemption previously granted to HS Codes 8702, 8704, 8707, 8708, & 8714 vide above referred Circular Letter has been withdrawn.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