All
Authorised Dealers
in
Foreign Exchange/Airlines/
Shipping
Companies/Travel Agents,
Dear
Sirs,
BOOKING
OF PASSAGE AGAINST ENCASHMENT CERTIFICATE
At present two sets
of encashment certificates are in vogue which are meant
f or encashment of f foreign currency notes coins and other
instruments brought from abroad by incoming passenger (paragraph
2 Chapter XI and Appendix V-13 of Exchange Control Manual
1987 ) and for booking of outward passage against enjambment
certificates of Authorised Dealers (paragraphs , 5(111)
and 8(e) (i) Chapter XVII and Appendix V-70 of Exchan6e
Control Manual -1987). Since both the formats of encashment
certificates are similar in nature, it has been decided
to abolish the existing formats on Appendix V-13 and appendix
V-70 and to introduce a new single encashment certificate
(Appendix V-13) as per-copy enclosed which will be used
both, for encashment of foreign exchange for local use and
for recon version of unspent balance of Pakistan rupees
in-foreign exchange as laid down in paragraph 39 Chapter
XVII and for outward booking of passages of Pakistan nationals
as laid down in paragraphs,5(iii) and 8(e) (i) Chapter,-XVII
ibid.
2. Accordingly the following
amendments may please be made in Exchange Control Manual
(6th Edition, 1987) : -
(I) Volume - I
(a) The words "Appendix
V-13" in bracket may be inserted in line 4 after the
word 'Certificate' and before the Word.’ issued’
in sub-para (iii) of Paragraph 5 Chapter XVII.
(b) The words "Appendix
V-70" appearing in bracket in line 3 of paragraph 8
(q) (i) Chapter XVII pay be replaced with the words Appendix
V-13".
(c) The words 'Appendix
V-13' in bracket may be inserted in line 4 after the word,
"Certificate” and before the word “by"
in paragraph 39 Chapter XVII.
(II) Volume II
(a) Appendix IV-13 may
be replaced with the revised Appendix ‘IV-13"’
enclosed with this Circular.
(b)
Appendix "V-70" may be deleted