The
Head Offices of all Authorized
Dealers in Foreign Exchange,
Dear
Sirs,
EXPORT
TO AFGHANISTAN
Attention of Authorised Dealers is invited
to Circular letter No. 2/EPP-2/2002 dated the 11th March,
2002 regarding the above subject. In this regard, the SRO
137(1)/2002 dated the 7th March, 2002 issued by Ministry
of Commerce in respect of export to Afghanistan was circulated
vide our Circular letter No. 3/EPP-2/2002 dated the 12th
March, 2002 to all the Authorised Dealers. The afore-mentioned
SRO stipulates that only those exports which are made in
terms of Pak-rupees are exempt from the requirement of Form
‘E’. Additionally, such exports are also not
entitled to:-
i)
Zero rating of sales tax.
ii) Rebate of Central excise duty.
iii) Repayment of duty draw back.
2. However, in case convertible currency is involved for
export to Afghanistan, the requirement of Form ‘E’
will be applicable as per normal procedure as is applicable
for exports to other countries may be followed.
3.
Further, cash (foreign currency notes) received in the bank
against export to Afghanistan is required to be reported
under Summary Statement S-6 (An Abstract of Authorised Dealer’s
Ledger Account which consists of transaction in foreign
currency notes). As there is no export schedule available
under S-6, a new row with the words “Cash Exports
(Schedule A-2)” will be added in S-6 which will refer
to Schedule A-2(. The same is being introduced (schedules
are enclosed) that will remain effective till establishment
of a Banking system in Afghanistan.
2.
Authorised Dealers are advised to bring the same to notice
of the all their constituents.
Appendices ( V-103
, V-105
)