FEOD &DFSDSBP-BSC HYDERABAD

Yousra Sattar

yousrasehar2009@yahoo.com

Presented By:GROUP-D

Yousra Sattar (Group Leader) Mehran

University of Engineering And

Technology(MUISTD)

Marvi Ashraf

University of Sindh (Jamshoro)

Muhammad Usman

NUML (National university of modern

language)

Sadam Ali Balal

University of Sindh (Dadu)

Taskeen Siddiqui

NUML (National university of modern

language)

Mahnoor Yaseen

University of Sindh (Jamshoro)

DEPARTMENT ASSIGNED

FEOD/DFSU

SUPERVISED BY

Muhammad SuhaibSiddiqui

ACM (FEOD/DFSU)

Syed Ghulam Ali Shah Officer (DFSU)

Arslan Rafique Officer (FEOD)

FEODForeign Exchange Operation Department

FEOD (Foreign Exchange Operation Department)

Operational arm of EPD (Exchange Policy

Department)

Operates under the ambit of FERA (1947),

Foreign Exchange Manual 2017 (9th edition)

FEOD (Foreign Exchange Operation Department)(contd..)

Divided into four

units namely:

Returns unit

Exports unit

Imports + Remittances Unit

Over due & enforcement unit

FEOD (Foreign Exchange Operation Department)(contd..)

AUTHORIZED DEALERS (AD):

• Under section 3 of FERA (1947), the SBP may, on Application, Authorize any Schedule Bank to deal in Foreign Exchange.

• It acts as an intermediary between Exporter/ importer, and Bank.

• SBP BSC Hyderabad, has around 150 ADs, falling under its jurisdiction.

FEOD (Foreign Exchange Operation Department)(contd..)

RETURNS UNIT

• Collect, analyze, segregate, scrutinize and compile A.D wise statistics of monthly forex returns as submitted by around 150 ADs falling under the jurisdiction of SBP-BSC Hyderabad

• Distributes each file of different document to their concerned unit.

EXPORTS UNIT

• Scrutiny of E-Forms

• Payment of subsidies against exports (DLTL & DDT)

• Deal with the cases of Export Against Advance Payment.

FEOD (Foreign Exchange Operation Department)(contd..)

IMPORT/REMITTANCE UNIT

• Handling cases regarding imports

• Granting approvals for Outward commercial, private and Government foreign exchange remittances.

OVERDUE AND ENFORCEMENTS UNIT

• Monitoring of Export Overdue Cases

• To ensure repatriation of export proceeds

• FEAD

DFSDDevelopmental Finance Support Department

DFSD (Developmental Finance Support Department)

Working of

DFSD:

Implement policies of

Development Finance Group

(DFG), SBP.

Facilitate expansion of

financial inclusion in un-banked areas.

Continuous interaction with

the stakeholders.

Monitor activities regarding

biannually Focus Group Meetings in field offices.

DFSD (Developmental Finance Support Department)(Contd..)

• CFC (customer facilitation center)

• AFU (Access to finance unit)

• RSU (Refinance Scheme unit)

• Onsite verification

DFSD

units:

DFSD (Developmental Finance Support Department)(Contd..)

Access to Finance Unit:

• Arranging Agri/SME related Focus Group Meetings.

• Participating in different Awareness Programs/ Exhibitions organized by other stakeholders to represent SBP interventions.

Complaint Facilitation Center:

• Handling complaints received from public against banks.

DFSD (Developmental Finance Support Department)

(Contd..)

SBP BSC HYD Awareness Campaign to Promoting

SME & Micro Business Oriented Entrepreneurship

at Quaid-e-AwamUniversity Nawabshah On

19-4-2017

DFSD (Developmental Finance Support Department)(Contd..)

DFSD (Developmental

Finance Support Department)

(Contd..)

DFSD (Developmental Finance Support Department)

(Contd..)

Refinance scheme unit:

• Processing refinance cases under SBP Refinancing Schemes.

Onsite verification:

• Making visits to ADs for verification of all the documents provided by them for Export refinance scheme.

• On-site verification manual – July 2017

DFSD (Developmental Finance Support Department)(Contd..)

DFSD (Developmental Finance Support Department)(Contd..)

EXPORT REFINANCE SCHEME

To boost up exports in our country.

PART-1 (Transaction based)

• Pre-shipment

• Post-shipment

PART-2 (Performance based)

• Pre-shipment

• Post-shipment

Export Finance Scheme-1AD grant loan to

exporter

AD request the SBP-BSC for Refinance

SBP-BSC scrutinizes the application

Under EFS-1, the exporter is financed for the period of 180 daysAfter 180 days, the exporter is

required to make repayment of loan with 3% mark-up.

With in the 210 days, AD submit the Annexure-D at SBP-BSC as a proof of shipment and EPRC

as proof that export proceeds have realized.

Fines Under EFS-1FINE CHARGES ON FINE

Short Shipment Fine 28 paisa per RS.1000/-,

Non-Shipment Fine 37 paisa per 1000 rupees

Delayed Shipment Fine 28 paisa per 1000

Misreporting Fine Rs.100 per incorrect data is charged but this fine will not exceed from Rs.1000.

EXPORT FINANCE SCHEME-2Exporter is financed by

AD

Exporter submit the EE-1 & EF-1 statement at SBP-BSC concerned office through AD.

Under EFS-2, the exporter avail the loan on the basis of

previous year’s performance

The maximum tenor of the loan under Part‐II of the scheme is 180 days which could be rolled over for another 180 days subject to showing at least 70% shipment of loan availed in

initial 180 days.

Fines Under EFS-2

Nature of Irregularity Rate of Fine

Fine for wrong information and incorrect reporting / entry in statement EF‐1, EE‐1.

Rs.100 per wrong entry

Short‐fall in performance Paisa 37 per Rs.1000 or part thereof.

Fine for any other default by the exporter/bank Paisa 37 per day per Rs.1000

Duplication/ double utilization of E Form in both parts Rs.100 per entry will be charged for misreporting