All
Authorised Dealers
in
Foreign Exchange/Airlines/
Shipping
Companies /Travel Agents,
Dear
Sirs,
ISSUANCE
OF FORM ‘E’ CERTIFICATES
Attention
is Invited to paragrapb.27 Chapter XII of Exchange Control
Manual, 6tb Edition, 1987 in terms of which Carrier Companies
have been permitted to accept payment of freight in Rupees
on cargo shipped on C&F or CIF basis provided the exporter
produces to them a certificate from an Authorised Dealer
in the form given in the said paragraph.
2. Of late it has been noticed that the Authorized Dealers
have adopted the practice of issuing the Form 'El Certificates
on plain papers instead of issuing the same on their letter
heads, This practice of issuing Form W Certificates on plain
paper has been taken a serious note of.
3, Authorized Dealers are advised to ensure that in future
Form ‘E’ Certificates are issued by them only
on their letter heads under proper stamp and signature of
an authorized officer indicating his name and attorney number.
4. Airlines/Shipping Companies are also advised in their
own interest to ensure that Form "E" Certificates
accepted by them from the exporters and submitted to the
Control along with their freight manifests are on the letter
heads of the banks concerned and bear proper stamp and signature
thereon., Form 1V Certificates on plain papers will 'not
be accepted henceforth by the Control and freight collections
against such irregular certificates will not qualify for
remittance.