Project Autohrity Certificate and Denomination of the Foreign Currency

[Arti Gupta]

Sir(s)/Madame,

Customer has issued us the  Project Authority Certificate(PAC) for CIF content in ‘USD’ and ‘GBP’.

Is it possible to issue the Form I of the Appenidx 27 i.e PAC in any other foreign cureency such as ‘GBP’?Kindly quote the provisions also.

Thanks in advance.

[Arti Gupta]

The above query may be corrected as follows:

"in any other foreign currency such as 'EURO'?"

AI Summary

Project Authority Certificate currency denomination: whether Form I Appendix 27 may be issued in alternative foreign currencies. Whether the Project Authority Certificate (Form I, Appendix 27) may be issued in a foreign currency other than the CIF currency (for example GBP or Euro) and which customs/EXIM/SEZ provisions permit or govern such denomination, with a request for citation of the controlling statutory or regulatory provisions.