GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE AND ECONOMIC AFFAIRS
NOTIFICATION
Islamabad,the 14th June,1995
(CUSTOMS)
S.R.O.499(I)/95.- In exercise of powers conferred by section 19 of the Customs Act,1969(IV of 1969), the Federal Government is pleased to exempt such raw materials, sub-components and components as are not manufactured locally and are imported for use in the manufacture of goods specified in the Table below meant primarily for export or supply to industrial units, projects, agencies entitled to import them at concessionary rates from whole of customs-duty leviable under the First Schedule to the Customs Act, 1969 (IV of 1969), subject to the following conditions, namely:-
(i) the manufacturer has suitable in-house facilities to manufacture these goods;
(ii) the manufacturer shall furnish to the Chief, Survey and Rebate, Central Board of Revenue, or any officer authorized in this behalf a list of goods that he intends to manufacture alongwith details of raw materials required for the purpose. The Chief, Survey and Rebate or the authorized officer shall, after such consultations as he deems fit, determine the annual capacity of the manufacturing unit in respect of such goods and quantities of raw materials required for the manufacture of the goods;
(iii) the manufacturer shall, at the time of importation of raw materials, make a declaration on the bill of entry to the effect that the goods have been imported under this Notification and deposit raw materials in a private bonded warehouse located at the manufacturer's premises against a bank guarantee or an indemnity bond alongwith a post dated cheque or a confirmed export order through an irrevocable letter of credit or a confirmed purchase order from the concessionaire unit, project or agency against an irrevocable letter of credit, to the satisfaction of the Collector of Customs;
(iv) the manufacturer shall maintain record of imported raw materials and goods manufactured therefrom in such form as may be prescribed by the Central Board of Revenue;
(v) the manufacturer shall export or supply these goods to concessionaire unit, project or agency within one year of the filing of into bond bill of entry relating to raw materials
(vi)
the manufacturer shall, at the time of
exportation or supply to the concessionaire unit, project or agency make a
declaration on the bill of export or bill of entry for home consumption, as the
case may be, that raw materials used in the manufacture of the goods were
imported under this Notification and
shall also give particulars of import documents, such as IGM No.
and date, B/E No. and
(vii) the manufacturer shall, after exportation of goods produce evidence to Collector of Customs concerned that the goods have been exported within the stipulated time and the Collector shall, on production of such evidence, discharge the bank guarantee or the indemnity bond;
(viii) In case manufactured goods are cleared for home consumption for supply to concessionaire unit, project or agency or otherwise, the goods shall be charged to such duties as are applicable to the goods on being imported and Collector shall, on production of evidence of such clearance, discharge the bank guarantee or, as the case may be, the indemnity bond;
(ix) in case excise duty paid indigenous raw material are used in addition to raw materials imported under this Notification, and drawback is admissible on export, the drawback will be admissible on pro rata basis and the FOB value for claming drawback shall be the value excluding value of goods imported under this Notification. Similar drawback shall also be available in case of supply of goods to unit, project or agency entitled to zero-rated imports; and
(x) the manufacturer shall submit a monthly return to the Assistant Collector of Central Excise in whose jurisdiction the unit is located showing details of raw material used and finished goods cleared for exports or for home consumption:
Explanation.- For the purposes of this
notification the expression "not
manufactured locally" shall mean the goods which are not included inthe
list of locally manufactured goods, specified inthe General Order, issued by
the Central Board of Revenue.
Provided that in case of
manufacturing of engineering goods meant for export, the import of raw
materials and components, even if manufactured locally, shall be allowed duty
free against bank guarantee against specific orders subject to identification
by the Committee set up for this purpose in the Engineering Development Board.
TABLE
1. Chemical plants.
2. Fertilizer plants
3. Heat exchangers.
4. Surgical goods industry.
5. Sports goods industry.
6. Stuffed toy industry.
7(a). Items mentioned in Table I to SRO
501(I)/94 dated 09.06.1994.
7(b). Items specified in Table I to
S.R.O.504(I)/94, dated the 9th June, 1994.
7(c). Items specified in the Table of
S.R.O.505(I)/95, dated 14.06.1995.
7(d). Items specified in the S.R.O.24(I)/96,
dated 08.01.1996\
8. Marble processing industry.
9. Steel pipes/tubes industry.
10.
Plant, machinery and equipment as specified
for the industries/sectors/companies in Tables of S.R.O.400(I)/97, dated the
31st May, 1997, S.R.O.25(I)/98, dated the 17th January, 1998, S.R.O.26(I)/98,
dated the 17th January, 1998, S.R.O.27(I)/98, dated the 17th January, 1998 and
S.R.O.28(I)/98, dated the 17th January, 1998.
( Riaz Husain Naqvi )
[C.No.6(22)/94-CB] Additional Secretary
As amended
S.R.O.665(I)/95, - dated 09.07.1995
S.R.O.428(I)/96, - dated 13.06.1996
S.R.O.1416(I)/96, - dated 31.12.1996
S.R.O.587(I)/97, - dated 07.08.1997
S.R.O.708(I)/99, - dated 12.06.1999
S.R.O.973(I)/99, - dated 30.08.1999