Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 49
June 14, 1994 

AAll Authorized Dealers
In Foreign Exchange,

Dear Sirs,

WAIVER OF IMPORT FEE

Attention of the Authorized Dealers is invited to para 39 Chapter XIII of Foreign Exchange Manual (7th Edition, 1992) regarding imports without import license.

2. It has since been decided by the Government to rescind the Import Fee Order, 1993, the effect of which shall be that import fee of 6% will not now be realized from the importers at the time of opening of letters of credit / registration of the contracts. This decision will apply to the letters of credit opened / contracts registered by the Authorized Dealers after 9th June, 1994.

3. Please bring the above to the notice of your constituents.

4. Necessary amendments in the Foreign Exchange Manual (7th Edition – 1992) will be advised separately.

 

       
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