GOVERNMENT OF PAKISTAN

MINISTRY OF FINANCE, REVENUE AND ECONOMIC AFFAIRS

(REVENUE DIVISION)

NOTIFICATION

Islamabad, the 3rd July, 1994

CUSTOMS

S.R.O. 671(I)/94.- In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), the Federal Government is pleased to exempt from customs duty specified inthe First Schedule to the Customs Act, 1969 (IV of 1969), chargeable on such raw materials and components as are not manufactured locally and are imported for use in the manufacture of machiery, equipment, vehicles and intermediary or capital goods to be supplied against international tender to the project financed out of the goods provided by the international loan or aid-giving agencies, subject to the following conditions, namely:-

(i) the importer-cum-manufacturer has suitable in-house facilities to manufacture the articles in respect of which he claims exemption under this notification;

(ii) at the time of import, the importer makes a declaration on the bill of entry to the effect that the raw materials and components have been imported in accordance with his entitlement for manufacturing machinery, equipment, vehicles and intermediary or capital goods, as the case may be, to be supplied to the projects financed out of the funds provided by the international loan or aid givng agencies against international tender duly supported by a certificate of entitlement from Chief (Survey and Rebate), Central Board of Revenue;

(iii) furnish an indemnity bond alongwith post-dated cheque to the Collector of Customs at the time of importation of the raw materials and components equal to the amount of customs-duty chargeable thereon; and

(iv) the manufacturer shall, within one year of the import of raw materials and components, apply to the Collector of Customs for discharging indemnity bond and post-dated cheque the application being supported by a certificate in the Form set out below issued by the Assistant Collector, Customs and Central Excise, within whose jurisdiction the manufacturing unit is located and a certificate from the authority incharge of the concerned project that the articles pertaining to the international tender have been supplied to it.

Explanation.- For the purposes of this notification the expression "not manufactured locally" shall mean the goods which are not included in the list of locally manufactured goods, specified inthe General Order, issued by the Central Board of Revenue.

FORM

Certificate No.________________ Dated____________________

It is certified that the raw materials and components imported by _____________under Notification No.S.R.O.___________

(Name of manufacturer)

dated____________and released vide bill of entry No._______________________dated_______________ have been used for

the manufacture of ________________ in accordance with the scale laid down by the Chief, Survey and Rebate vide

Certificate No.___________dated___________.

Assistant Collector

Name and official stamp

(C.No.6(17)/93-CB)

( Riaz Husain Naqvi )

Additional Secretary

As amended

S.R.O.385(I)/96, - dated 13.06.1996

S.R.O.698(I)/99, - dated 12.06.1999