Head
Offices/Principal Offices of All
Authorized Dealers in Foreign Exchange.
Dear
Sirs,
25%
FREIGHT SUBSIDY ON EXPORTS
Attention of the Authorized Dealers is invited to Export
Promotion Bureau’s Public Notice No.2(I)/2002-PPI
dated January 01, 2003 on the captioned subject, in terms
of which the Government has allowed 25% Freight Subsidy
on exports of ‘new products’ and exports to
‘new markets’ in the light of Trade Policy 2002-03.
Eligibility criteria for the said subsidy and Procedure
for claiming the same have been laid out in the above-mentioned
Public Notice. Copies of the above Public Notice and the
following documents are enclosed for necessary action of
the Authorized Dealers:-
i)
Application Form.
ii)
Format for submission of data by Banks to the Government.
The
above documents, Annexure I containing a list of new Markets
and Annexure II containing a list of all new products eligible
under the above scheme can be downloaded from EPB’s
website www.epb.gov.pk
The
Banks are authorized to collect their handling charges at
the fixed rate of Rs.100/- per transaction directly from
the respective Exporter.
2.
Please bring the above to the notice of the concerned constituents
accordingly.