Government
of Pakistan
Revenue Division
*******
Islamabad
the 18th June 2001.
(Central Excise)
S.R.O.387(I)/2001.- In
exercise of the powers conferred by the proviso to sub-section (4) of section 4
of the Central Excises Act, 1944, the Central Board of Revenue is pleased to
direct that the goods chargeable to duty of excise on retail price basis at
import stage as notified vide Notification No.S.R.O.454(I)/96, dated the
13th June, 1996, shall be assessed, with effect from the date
notified by the Federal Government in this behalf, on the basis of printed
retail price, inclusive of all charges and taxes other than sales tax levied
and collected under Section 3 of the Sales Tax Act, 1990, at which the goods
should be sold to the general body of consumers in Pakistan and if more than
one such price is so fixed for the same brand or variety, the highest of such
price:
Provided
that prior to such date, as is notified by the Federal Government, the said
goods shall be assessed on the basis of declared retail price, which shall be
inclusive of all charges and taxes other than sales tax levied and collected
under section 3 of the Sales Tax Act, 1990, at which the goods should be sold
to the general body of consumers in Pakistan and if more than one such price is
so fixed for the same brand or variety, the highest of such price.
[C.No.
1(1)-CEB/2001]
( Sayed Mohsin Asad )
Additional
Secretary