Paying-in-Voucher (PIV) issued regarding Payment of Fees
The following regulations are hereby imposed pertaining to the Paying-in-Voucher (PIV) issued regarding payment of license fees:
- Paying-in-Voucher (PIV) issued regarding payment of license fees should be updated as per the exchange rate prevailing on the first day of the week
- Maximum period of time permitted for such updating of Paying-in-Voucher (PIV) is limited to 30 days. No Paying-in-Voucher (PIV) exceeding 30 days’ permissible period should be updated.
- Approval granted to issue licenses relevant to Paying-in-Vouchers (PIV) for which payments were not made until lapse of 30 days’ period should also be considered annulled.
- These regulations shall come into force with effect from 16.07.2018.