GOVERNMENT OF PAKISTAN

MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE

Islamabad, the 12th June,1999.

NOTIFICATION

(Customs)

S.R.O. 689(I)/99.- In exercise of the powers conferred by section 7 of the Customs (Amendment) Act,1999 (II of 1999), the Federal Government is pleased to direct that the following further amendments shall be made in its Notification S.R.O.279(I)/94, dated 2nd

April,1994, namely:-

In the said notification for condition (2), the following shall be substituted, namely:-"

            (2) the importer shall furnish an indemnity bond in the form setout herein below to the extent of customs duty exempted under this notification and the said bond shall not be discharged till,-

        (i) in case of temporary importation, the production of bill of export supported by related invoice and other shipping documents attested by the Collector of Customs(Exports), having jurisdiction, as a proof that the said machinery and equipment have been re-exported, and

        (ii) in case of permanent importation, the production of installation or consumption certificate from Assistant Collector or Deputy Collector, within one year from the date of importation of plant and machinery, after due verification by the Assistant Collector or Deputy Collector of Customs and Central Excise in whose jurisdiction the project is located. Such certificate of verification shall clearly state that machinery and equipment imported for the purposes specified in the bills of entry have been duly installed or

consumed.".

[C.No.6(23)/98-CB]