Please refer to various instructions issued from time to time on Part-II of the Export Finance Scheme.
2. In order to further streamline the process of on-site verification of relevant documents on the basis of which transfer of limit and performance is allowed from one SBP BSC Office/bank to another SBP BSC Office/bank, it has been decided as under:-
(i) Banks/exporters will be required to submit original duplicate EE-1 statement to the same SBP BSC Office where it has been verified. However, the bank/exporter will be allowed to avail refinance facility there-against from other SBP BSC Office provided that the bank/exporter obtain prior permission through NOC for transfer of limit from verifying SBP BSC office to other SBP BSC Office.
(ii) NOC issuing SBP BSC Office would be responsible for conducting on-site verification of EE-1 statement and relevant documents during on-site verification of the bank even if no loan has been availed by the exporter at that office/bank. Any violation observed therein will be communicated to the NOC receiving office, in order to charge fine(s) for violation(s) under the provision of Export Finance Scheme (EFS).
(iii) On-site verification of EF-1 statement where performance has been transferred from one SBP BSC Office to other SBP BSC Office will also be conducted on the similar lines as mentioned at (ii) above.
(iv) On-site verification of documents against EE-1/EF-1 statements will also be carried out at bank(s) who issued NOC in favor of other banks within one centre for the purpose of transfer of exporters’ limit/performance.
(v) No prior approval of IH & SMEFD is required for transfer of limit through NOC from one SBP BSC Office to the other office. However, SBP BSC Offices are authorized to transfer limit/performance on the request of bank/exporter to other SBP BSC Office subject to the condition that no duplicate financing is involved.