Circulars/Notifications - Exchange Policy Department  
EPD Circular Letter No. / 02 / EPP 1(51) 15% R&D -2009 

June 02, 2009



The Head/ Principal Offices of all
Authorized Dealers in Foreign Exchange


Dear Sirs/Madam,

RESEARCH AND DEVELOPMENT SUPPORT TO MOTORCYCLE INDUSTRY

In terms of Ministry of Commerce’s SRO No. 200(I)/2008 dated March 1, 2008, the Government of Pakistan has decided to allow an equivalent amount of US$ 50 in PKR as R&D Support to every completely built-up unit of motorcycle exported, falling under Heading No.87.11 of the Pakistan Customs Tariff, at the conversion rate indicated in export proceeds realization certificate.

A copy of the above mentioned SRO, containing eligibility criteria, terms & conditions and procedure for filing claims of R&D support, is enclosed for strict compliance of the same by the Authorized Dealers.

Authorized Dealers are advised to bring the above to the notice of all their constituents.

 

 

Encl: a. a.

Yours faithfully,

Sd/-

(Muhammad Akmal)
Joint Director

       
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