The Head/Principal Offices of all
Authorized Dealers in Foreign Exchange
Dear
Sir/Madam
6%
RESEARCH AND DEVELOPMENT SUPPORT
TO THE GARMENTS INDUSTRY
Attention of Authorized Dealers is invited to FE Circular
No. 06 dated June 18, 2005 on the above subject.
Under Ministry of Commerce’s SRO No. 1036 (I)/2005
dated October 14, 2005, certain amendments have been made
in respect of applications by exporters for 6% R&D Support,
in terms of which 30 days time for submission/re-submission
of cases has been extended to 90 days and the requirement
of Customs’ Certificate (Annexure III) has also been
done away. Copy of the said SRO is enclosed for ready reference.
Accordingly, FE Circular No. 06 dated June 18, 2005 has
been amended as under;
(i) In para 3(i) line 4, the word ‘thirty’ is
replaced with the word ‘ninety’
(ii) In Annexure I, clause (f) is omitted
(iii) Annexure III is omitted
Furthermore, in order to facilitate exporters, all the applications
originally submitted on or before September 30, 2005, i.e.
within 90 days of the realization of export proceeds, but
returned due to certain discrepancies, will be allowed to
be re-submitted irrespective of the 90 days time limit and
will be processed/ paid by SBP-BSC Offices accordingly.
All other instructions contained in the Ministry of Commerce’s
SRO No. 437 (I)/2005 dated May 18, 2005, as amended vide
Ministry of Commerce’s SRO No. 611(I)/2005 dated June
15, 2005, and as contained in FE Circular No. 06 dated June
18, 2005 referred to above, would remain unchanged.
Authorized Dealers are advised to bring the above to the
notice of their constituents.
Enc:
SRO