The Presidents/Chief Executive Officers

All Banks

Dear Sir(s)/Madam(s),

Margin Restriction on Import of Items

1. Please refer to BPRD Circular No. 02 of 2017 and BPRD Circular No. 5 of 2018 on the captioned subject, as amended from time to time.
2. In that regard, it has been decided that banks, with immediate effect, shall obtain 100 percent cash margin on the import of items as listed in the enclosed Annexure A.
3. Furthermore, it has been decided to waive the condition of 100 percent cash margin requirement on imports made against HS Code 8414.8090-Air Pumps and Gas Compressors (S. No. 17 of Annexure-A of BPRD Circular No. 05 of 2018).
4. All other instructions contained in the aforementioned Circulars shall, however, remain unchanged.

Please acknowledge receipt.