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Circulars

Cash Margin Restriction on Import of Items

March 11, 2021
6156

The Presidents/ Chief Executive Officers,

All Banks

Dear Sir/Madam,

Cash Margin Restriction on Import of Items

  1. Please refer to BPRD Circular No. 02 of 2017 and BPRD Circular No. 05 of 2018 on the captioned subject, as amended from time to time.
  2. Based on the representations of industries and other relevant stakeholders, it has been decided to waive the condition of 100 percent cash margin requirement on imports made under following HS Codes:
S. No. HS Codes Description as given in BPRD Circulars Description as per FBR’s PCT Codes
1 48191000 CARTON,BOXE&CASES CORRU PAPE CARTONS, BOXES AND CASES, OF CORRUGATED PAPER OR PAPERBOARD
2 84159030 COVERS INER BODY AC MACHINES COVERS FOR INNER BODY
3 84149090 OTH PARTS AIR/VACUUM PUMPS OTHER
4 84159099 OTHER - AIR CONDITIONING MACHINES OTHER
5 84189910 EVAPORATORS, EVAPORATORS (ROLL BOND / FIN / TUBE ON PLATE TYPES)
6 84189920 CONDENSORS, WIRE CONDENSERS
7 84509000 PARTS FOR H/HOLD WASH MACHINE PARTS
8 85366990 OTH ELEC SWITCH, RELAYS, FUSES OTHER
9 84186990 OTHERS OTHER
10 84193900 OTHER DRYERS OTHER
11 40141000 SHEATH CONTRACEPTIVES SHEATH CONTRACEPTIVES
  1. Banks are further clarified that cash margin requirement will not be applicable on the imports made under HS Code 87021090 (Others) by Category-A and Category-B investors as defined in the Automotive Development Policy, 2016-2021.
  2. All other instructions contained in the aforementioned Circulars shall, however, remain unchanged.
  3. Please acknowledge receipt.

Yours sincerely,

Muhammad Akhtar Javed
Director