Head/Principal Offices of all
Authorized Dealers in Foreign Exchange
Sirs / Madam,
OF VOLUNTARY CONTRIBUTION FOR
EARTHQUAKE RELIEF THROUGH E-FORMS
of the Authorized Dealers is invited to FE Circular # 17
dated December 29, 2005 on the above subject.
Consequently, Authorized Dealers were required to consolidate
and deposit deductions made by them at the end of each month
in the prescribed manner. However, it has been observed
that several branches of banks have directly forwarded their
deductions to the Exchange Policy Department. It is again
clarified that the amounts of contributions collected by
the ADs through their branches on account of Earthquake
Relief must be consolidated at the appropriate regional/Head
Office level and at the end of each month only one consolidated
amount along with the reporting on prescribed format be
forwarded to Exchange Policy Department.
Authorized Dealers are expected to clarify the same to their
respective branches and ensure compliance accordingly.