The
Head/Principal Offices of all
Authorized Dealers in Foreign Exchange
Dear
Sir / Madam,
Import
of Cement and Disbursement of Freight Subsidy
In terms of the decision made by Economic Coordination Committee
(ECC) of the Cabinet in case No. ECC - 69/4/2006, dated
April 14, 2006, import of cement from all countries including
India by rail, road and sea, has been allowed. Further,
freight subsidy of Rs. 60/- per 50 Kg bag of imported cement
has also been allowed in terms of Ministry of Industries,
Production and Special Incentives, Government of Pakistan’s
letter dated April 28, 2006. Accordingly, Authorised Dealers
are advised to process the freight subsidy claims on imported
cement as per the procedure given below:
a) Importers will lodge their claims along with the import
documents (including invoices, copy of contract/LC, Bill
of Entry/GD Form, Truck/Railway Receipt, Bill of Lading,
etc) to their bankers within 60 days from the date of clearance
of consignment from the Customs.
b) Authorized Dealers will examine, process, recommend and
forward the claim within 3 working days of its receipt to
the concerned Field Office, SBP - Banking Services Corporation,
for payment.
c) Field Office, SBP - Banking Services Corporation, on
the basis of Authorized Dealers’ certification will
credit their accounts with the claimed amounts within 3
working days of receipt of claims for onward disbursement
to the concerned importer immediately.
Authorized
Dealers are advised to bring the above to the notice of
their constituents.