Acknowledgement of declaration required for credit; postal dispatch alone does not satisfy Rule 57G compliance.

Rule 57G(1) was interpreted to require not only filing a declaration but also obtaining acknowledgement of receipt before credit could be availed. Mere dispatch of the declaration by post was held insufficient, because the rule's language was treated as clear and unambiguous. The dispute also turned on factual proof of whether the declaration had actually been received, and that factual finding had already gone against the applicants. On that basis, no referable question of law arose and the reference application failed.

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Issues: Whether filing a declaration under Rule 57G(1) by post without acknowledgement satisfies the requirement for availing credit, and whether the question raised involved any referable point of law.

Analysis: The rule was read as requiring not merely filing of the declaration but also obtaining acknowledgement of receipt. The language was treated as clear and unambiguous, leaving no room for a view that dispatch by post alone constituted compliance. On the facts, the dispute turned on appreciation of evidence as to whether the declaration had in fact been received, and the Tribunal had already found against the applicants on that factual basis.

Conclusion: The Tribunal held that sending the declaration under postal cover was not sufficient compliance with Rule 57G(1), and no referable question of law arose.

Final Conclusion: The reference application failed because the matter involved clear statutory compliance and factual appreciation rather than any substantial question of law.

Ratio Decidendi: Where a rule expressly requires acknowledgement of a declaration, mere dispatch of the declaration does not satisfy the statutory condition; the issue is one of factual compliance unless the rule itself is ambiguous.

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