Amendment in Notification No. S.R.O 499(I)/2009 dated 13.06.2009

Government of Pakistan (Revenue Division) Federal Board of Revenue ***** Islamabad, the 20th August, 2024. NOTIFICATION (CUSTOMS) exercise of the powers conferred by section 181 of the S.R.O. 00(1)/2024.- In Customs Act, 1969 (IV of 1969), the Federal Board of Revenue is pleased to direct that the following further amendment shall be made in its Notification No.S.R.0.499(1)/2009 dated the 13th June, 2009, namely:- In the aforesaid Notification,- after clause (b), the following new clause shall be inserted, namely: (1) "(ba) lawfully registered conveyance including packages and containers other than in clause (b), found carrying smuggled goods if seized for the third time; or" (2) in the TABLE, under S.No.2,- in clause (f), in column (2), after the expression "(b)", the expression ", (ba)" shall be inserted; against clause (f), in column (3), for the expression "20%", the expression "40%" shall be substituted; and after the TABLE, the following new "Explanation" shall be added, (3) namely:- For the purposes of sub clause (0, of S.No.2 of the "Explanation:- Table, the value of the seized vehicle for payment of fine in lieu of confiscation, shall be determined by allowing a maximum of 50% of depreciation @ of 2% per month upto 24 months. Any further depreciation in value for the purposes of this sub-clause shall be in accordance with the provision of sub-rule (2A) of rule 58 of Customs Rules, 2001, after written approval of the relevant Collector of Customs.". [C. No.10(171L&P/2005] A4 (F le Samad) Secretary Law & Procedure)