Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 76
September 09, 1992 

All Authorised Dealers
in Foreign Exchange,

Dear Sirs,


Authorized Dealers are aware that duty drawback claims against exports made under irrevocable letters of credit/barter arrangements are paid by the Customs without BCA on the basis of their certificates issued on the formats prescribed by us. It has now been decided by the Government that the requirement of BCA be dispensed with in respect of shipments made under firm contracts viz. D.P. and D.A. also provided shipment has been made and comments dispatched alongwith export bill to the foreign correspondents for realization of proceeds.

2. Accordingly, the Authorized Dealers on requests from exporters, may issue following certificate for claiming duty drawback:-

3. However, this new proforma will be optional and in addition to the existing system of Bank Credit Advice. The option will also be for the exporters to make and not for any body else.

4. In case where bills against which the above certificate was issued are not realized within the prescribed period of 120 days or the tenor (whichever is later), the A/Ds will report non-realization to the Collectorate of Customs at Karachi/Lahore/Sialkot etc. according to area of jurisdiction, in the month following the month in which the prescribed period expired on the appended format on monthly basis:-

5. Please advise your constituent accordingly and ensure to add necessary columns in the Bill register so that each case of duty drawback where certificate for claiming rebate issued but proceeds remained unrealized within the prescribed period is reported to the Customs without fail.

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