in Foreign Exchange,
OF FRESH FRUITS AND VEGETABLES AGAINST ADVANCE PAYMENT
CERTIFICATION FOR 'E'
refer to F.E. Circular No. 23
of 1997 on the captioned subject.
Enquiries have been received whether Authorized Dealers
may certify 'E'
Forms in the cases covered by the circular,
even if the column in the 'E'
Forms meant for disclosing full details of
the goods is left completely blank. It is clarified that
his was not the intention of the circular. The exporters
are required to declare the broad description of the goods
i.e. "Fresh Fruit" or "Fresh Vegetable",
and the details thereof are required to be filled in at
the time of shipment of the goods.
In view of the instructions issued vide F.E.
Circular No. 23, the existing Para-23,
of the Foreign Exchange Manual is revised as under:-
In case of remittance received in advance for goods
to be exported from Pakistan, Authorized Dealers should
obtain a certificate in duplicate from the beneficiary
on the Advance Payment Voucher (Appendix
V-18) declaring the particulars of the
intended export, before disbursing the amount to him.
Both copies of the Advance Payment Voucher shall be
authenticated by the Authorized Dealer. The original
shall be surrendered to State Bank with the relative
A-2, while the duplicate shall be returned
to the exporter for production at the time of certification
'E'. The Authorized Dealer which
has disbursed the amount, shall ensure that Form
'E' is certified for export in
accordance with the declaration made on the Advance
Payment Voucher within a period of one year of receipt
of advance payment and particulars of form(s)
'E' viz. Dated of certification,
value for which 'E'
Forms certified and progressive
un-utilized balance (where more than one forms
'E' are certified) shall be endorsed
on the duplicate copy of the Advance Payment Voucher.
The triplicate copy of the 'E'
Form will be surrendered to the
State Bank under a covering letter alongwith a photo
copy of the Advance Payment Voucher and the invoice.
the case of payments received for export of fresh fruits
/ vegetables, it would be in order for the Authorized
Dealers to certify 'E'
Forms against Advance Payment received,
even if the detailed particulars of the 'Goods', their
'Quality' and 'Invoice Value' have not been filled in,
provided the Vegetables' is declared in the relevant
column. While certifying the 'E'
Form, the following remarks would
be added by the Authorized Dealers:-
has been certified against the outstanding balance of
__________ (Amount) out of the advance payment of __________
(Amount) received on __________ (Date).
the time of shipment, the exporter will fill in the required
particulars in all copies of the 'E'
Form and submit the duplicate and triplicate
copier to the Authorized Dealer alongwith the shipping documents
and an invoice. The Authorized Dealer will compare the details
of the 'Goods', 'Quantity' and 'Invoice Value' and process
the case as indicated in sub-para (i)"