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CHAPTER XIII
IMPORTS
1. Scope of Chapter.
2. Import Trade Control.
3. Registration of Importers.
4. Opening of /extension in letters of credit - time frame/change of beneficiary.
5. Payment through authorised dealers in the foreign exchange area of the importer.
6. Classification of imports.
7. Endorsement of the amount on invoices.
8. Terms of Imports.
9. Remittance of bank charges in respect of imports.
10. Remittances in excess of the amount of letter of credit.
11. Collection of Freight imports on F.O.B. basis in the Private Sector.
12. Collection of Freight on F. O. B. Imports by Public Sector in other Cases.
13. Shipment of public sector cargo through PNSC vessels/PIA.
14. Payment of Freight on Import of Trade Sample.
15. Remittance of Proceeds of Dishonoured Bills.
16. Remittance involving Violation of I.T.C. Regulations.
17. Imports on Private Account.
18. Import Letters of Credit.
19. Terms on which Letters of Credit may be opened.
20
(i). Imports on usance basis.
(ii) Premature Payment of Usance Bill
21. Import of old Ships for Scrapping.
22. Letters of Credit for Shipment by Country Craft, Motor Launch or Truck.
23. Types of Letters of Credit not permitted.
24. Prohibition to open Letters of Credit for Import from Certain Countries.
25. Imports by PICIC/NDFC/BEL/NDLC under foreign currencies in lines of credit.
26. Letter of credit to be open only against firm contrasts.
27. Method of payment under letter of credit.
28. Import on consignment basis.
29. Import under Letter of Credit.
30. General Authority for remittance against imports.
31. Remittances against documents received by importers.
32. Advance remittances.
33. Processing of FORM ‘I’.
34. Functional utilities of the various copies of FORM ‘I'
.
35. Indication on FORM ‘I’ for government imports.
36. Use of foreign exchange acquired for imports.
37. Rules of goods.
38. Designation of authorised dealers.
39 .Rates of commission to be charged by banks.
40 . Special features of various Aid, Loans, and Credits.
41. Project Loans and Credits.
42. Reimbursable Loans, credits.
43. Deposit of Counter-part Rupees Funds with the State Bank in respect of Foreign Non-Project Commodity Loans.
44. Fine on delay in deposit of Counter-Part Funds.
45
(a) Documents received on Collection Basis due to Discrepancy.
(b) Documents received on Usance.
(c) Deposit of Funds under Reimbursable Loans/Credits.
46. Exchange Facilities for Merchanting Business by Pakistani Intermediaries.
47. Foreign Currency Loans and Credits.
48. Pay-As-You-Earn Scheme.
49. Features of the Scheme.
50. Procedure for import of machinery and registration of repayment schedule.
51. Re-payment under Pay-As-You-Earn (PAYE) Scheme.
52. Payment of Penalty-Head of Account.
53. Re-payment under other Suppliers’ Credit/Buyers’ Credit/Loans.
54. Imports by public sector agencies to which special allocation is made by the Government.
55. Imports without letter of credit/registration of the indent/proforma invoice/order.
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