Head/Principal Offices of
all Authorized Dealers
in Foreign Exchange,
Dear
Sirs,
HARMONIZED
SYSTEM CODE NUMBERS
It
has been brought to our notice that some of the Authorised
Dealers are not aware of the system being followed in respect
of adoption of Harmonized Coding Numbers required for establishing
Letters of Credit.
2.
Their attention is invited to Schedule-II of the Import
Trade Control Order 1991 (which was based on Harmonized
Commodity Description and Coding System) was discontinued
with effect from 17th July, 1998. Since then in its place
Schedule-I of the Customs Act 1969 (which is also based
on Harmonized Commodity Description and Coding System) is
referred to for the purpose for opening of Letters of Credit
and interpretation of the Import Trade and Procedure Order
2000 as reflected in para 5 of the said Order.
3. Accordingly all Authorised Dealers are advised to comply
with existing arrangement for opening of Letters of Credit.