MINISTRY OF FINANCE
NOTIFICATION
Islamabad, the 26th
December, 1990.
S.R.O. 1332(I)/90.- In exercise of the powers
conferred by section 19 of the Customs Act, 1969 (IV of 1969), the Federal
Government is pleased to exempt goods, not manufactured locally specified in
the Table, if imported into Pakistan by manufacturers-cum-exporters, for
manufacture of leather made-ups and their subsequent exportation from so much
of the customs duty as is in excess of 10% ad valorem specified in the First
Schedule to the Customs Act, 1969 (IV of 1969), leviable or chargeable thereon,
subject to the conditions set out below, namely:-
1. The manufacturer-cum-exporter shall declare
on the Bill of Entry to the effect that he is an exporter of leather made-ups
and give full particulars of the imported goods and their use.
2. The benefit of exemption shall also be
admissible in respect of goods consigned by any overseas person without cover
of letter of credit.
3. The manufacturer-cum-exporter shall furnish
an indemnity bond in the Form set out below to the extent of customs-duty
exempted under this notificationto
the effect that in case he fails to re-export the goods imported temporarily
under this Notification within a period not exceeding one year or such further
period not exceeding six months as may be allowed by the Collector of Customs
for sufficient reasons to be recorded in writing.
4. If for any reason, the manufacturer-cum-exporter
is not in a position to submit indemnity bond as laid down in condition 3
above, a bank guarantee shall be furnished to the extent of duties and taxes
exempted under this notification.
5. Omitted.
6. The manufacturer-cum-exporter shall keep an
account of goods imported, received, consumed and exported in the proforma set
out in Annex-I.
7. The manufacturer-cum-exporter shall
intimate, in writing stating full particulars, to the concerned Assistant
Collector of Customs at the Customs station from where the goods were imported,
within the period specified in condition 3 above, regarding the export of the imported goods separately accounting
for the goods not exported or used for the prescribed purpose or in the
prescribed manner.
8. The Assistant Collector of Customs of the
Customs station from where the goods were imported shall maintain an
importer-wise account in a register in the proforma set out in Annex-II. All
imports should be entered in this register and indemnity bond shall be
discharged on production of the account referred to in condition 7.
9. At the time of export, the
manufacturer-cum-exporter shall declare on each bill of export precise quantity
of goods and import particulars thereof, imported under this notification and
used in the leather made-ups being exported.
10. Wastage of goods imported under this
notification as contained in Table will be admissible upto 3% of the quantity
imported.
1. Plain/quilted lining material all
sorts.
2. Elastic webbing, knitted and woven,
all sorts including knitting rib.
3. Thread,
synthetic/nylon/polyester/braided/cotton or combination thereof.
4. Shoulder pads, all sorts.
5. Wadding materials, all sorts
including acrylic wadding.
6. Interlining materials, woven/non-woven,
fusible/non-fusible, all sorts including umbrella interlining.
7. Furlining materials,
real/artificial, all sorts.
8. Labels of textile and other
materials, all sorts with/without precoated adhesive.
9. Zips/zip fasteners, metal/plastic/nylon,
in pieces or rolls.
10. Buttons,
plastic/press/metal/wooden/bronze all sorts including leather/textile covered.
11. Rivets and eyelids.
12. Buckles, rings and
decorative fittings, all sorts including
plastic/press/metal/wooden/bronze/leather.
13. Velcro patties/velcro
tapes and other fastening materials.
14. Thermoplastic
counter/toe puff material/stiffeners, cut or in sheets/rools.
15. Synthetic lining,
including artificial leather lining and fabric lining.
16. Tapes, all sorts
including re-inforcement made of cotton/nylon, woven/non-woven, elastic/non-elastic.
17. Parts of footwear
classifiable under H.S. heading No.64.06.
18. Thermoplastic rubber,
natural rubber (RSS-4/5 and TPC-3 white) and synthetic rubber (SBR - 1502,
Highstyrene, Chloroprene, Buryl-268/301, Chlorobutyl - 1066, polybutadiene and
polyisoprene).
19. Release agents, rubber accelerators,
rubber antioxidants and activators.
20. Shoe eyelets, machine tacks and fibre
board.
FORM
[See condition (iv)]
(On appropriately stamped non-judicial paper)
INDEMNITY BOND
THIS
DEED OF INDEMNITY is made on the ______________ day of ___________ BETWEEN
Messrs ____________ having registered office at _____________ (hereinafter
called "the manufacturer-cum-exporter" which includes their
successors, administrators, executors and assignees) of the one part, AND the
President of Pakistan through the Collector of Customs ________(hereinafter
called "the Collector of Customs") of the other part;
WHEREAS
the Federal Government has, by its decision contained in Notification
No._______________ dated the __________ and subject to the conditions given in
the said notification, been pleased to direct that such goods specified in
Table of the said notification as are imported for manufacture of leather
made-ups and their subsequent exportation, shall be exempt from so much of the
customs duty as is in excess of 10% ad valorem, leviable thereon, if imported
by the manufacturers-cum-exporters of leather made-ups in accordance with the
said notification;
AND
WHEREAS the manufacture-cum-exporter having registered office at
_______________________ have imported the goods mentioned in the Schedule to
this Bond for the prescribed purpose and the conditions given in the said
notification, that the goods shall only be used for the prescribed purpose and
in the prescribed manner;
NOW, THEREFORE,
in consideration of the release
of aforesaid goods equivalent to the customs duty exempted, the importer bind themseves to pay on demand
to the Government of Pakistan the sum of Rs ______ being the customs duty,
leviable if he fails:-
(i) to use
the said goods for the purpose specified in the notification, or in the manner
and period pescribed under the said notification, or to give intimation, as
laid down under condition (7) of the said notification; and
(ii) to produce such other evidence as the
Collector of Customs may require to satisfy himself that the declarations made
or state-ment or information furnished is bonafide and the goods have been used
in the manner laid down in the said notifcation.
The
manufacturer-cum-exporter further binds himself that in case of further to make
the payment of the aforementioned account, the amount covered by this Bond
shall be recovered as arrears of customs duty under section 202 of the Customs
Act, 1969.
This
Bond shall become void when the aforesaid goods are re-exported or used for the
specified purpose and the Collector of Customs is satisfied that the importers
have fulfilled all the conditions of this Bond and the said Notification.
Signed
by manufacturer-cum-exporter on this _____________ day of ________ 19____
___________________________
(Managing Director)
(Name and permanent address)
Witness _________________________________________________
(signature,
name, designation and full address)
Witness _________________________________________________
(signature,
name, designation and full address)
Note: The
Bond shall be written on appropriate non-judicial stamp paper and shall be witnessed
by a Government servant in Grade 16 or above, an Oath Commissioner, a Notary
Public or an officer of a Scheduled Bank.
ANNEX-I
_____________________________________________________________________________________________________
RECORD
OF GOODS RECEIVED RECORD
OF EXPORTS
_____________________________________________________________________________________________________
IGM & Description Quantity
Date of
Shipping bill Remarks of Period of Remarks
on
date of clearance
No.& Date for customs
officer Consumption any customs
goods items of about
goods of i.e. date in officer
column
8 column
6 column 9 inspecting
date
on
the record
column
4
_____________________________________________________________________________________________________
1
2 3
4 5 6 7 8
_____________________________________________________________________________________________________
ANNEX-II
(Register
of imports, consumption and exports of goods
under
SRO ___(I)/90 dated ________
A. Imports.
_________________________________________________________________________________________________________________________________________________
Vessel's IGM
No.
Index Bill Date of Description
Quantity No of Value Rates
of
Amount
name &
date
No.& of clearance of goods packages. duty of duty
date. Entry
from the prevalent forgone.
No.& custom at
the
Date station. time
of
importation
____________________________________________________________________________________________________
B. Exports
_____________________________________________________________________________________________________
Bill of Description Date of Value Particulars of goods imported and used
Export No. of
goods to Export or of Description Quantity Value Amount of Balance
and date. be
exported Met Receipt goods
duty in hand
No.
and date.
_____________________________________________________________________________________________________
M.
MUBEEN AHSAN
Additional Secretary
C.No.79-80-Mach.1(44).
As amended:
S.R.O. 410(I)/91. - dated
06.05.1991.
S.R.O. 430(I)/92. - dated
14.05.1992.
S.R.O.488(I)/94, - dated 09.06.1994.
S.R.O.988(I)/94. - dated 06.10.1994
S.R.O.1096(I)/95, - dated 13.11.1995
S.R.O.432(I)/96, - dated 13.06.1996
S.R.O.200(I)/97, - dated 28.03.1997
S.R.O.1130(I)/97 - dated 03.11.1997