From the P&Y website:
* Velvet entries are accepted in these categories, the above minimums apply.
I don't have a P&Y book but according to their website while velvet enteries are allowed there is no seperate category for VELVET ONLY, they are annotated with an * to indicate it was a velvet entry. This has always been my understanding as well, if you can point us to where it states a seperate cat. for velvet animals I am sure many of us would appreciate it!!!