Amendment in SRO 575(1)/2006 Dated 5.6.2006

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, REVENUE AND ECONOMIC AFFAIRS (REVENUE DIVISION) *** Islamabad, the 16th February, 2007. NOTIFICATION (CUSTOMS) S.R.O. (I)/2007. - In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), and sub-clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that in its Notification No. S.R.O. 575(I)/2006, dated the 5th June, 2006, the following amendments shall be made and shall be deemed to have been so made on the 6th June, 2006, namely:- In the aforesaid Notification,- (a) in condition (i),- (i) after the word “Board”, occurring for the second time, for the full stop a colon shall be substituted; (ii) the words, commas, figures and semicolon “The condition shall, however, not be applicable in respect of S.Nos. 6, 15, 20, 27, 28, and 30 of the Table;” shall be omitted; and (iii) after the colon, substituted as aforesaid, the following shall be added, namely:- “Provided that this condition shall not be applicable in respect of S.Nos. 6, 15, 20, 27, 28 and 30 of the Table: Provided further that this condition shall not be applicable to the goods imported by the sectors specified at S.Nos. 7,8, 17, and 33 of the Table subject to the following conditions, namely:- (a) the eligible importers are approved by the ECC; (b) the exemption shall be available on one time basis for setting up of new projects and expansion of existing ones, and shall not be available on the spare parts; and

(c) the goods shall not be sold or otherwise disposed of without prior approval of the CBR and the payment of customs-duties and taxes at statutory rates be leviable at the time of import. Breach of this condition shall be construed as a criminal offence under the Customs Act, 1969;”; and (b) in the Table, after S.No. 32 in column (1) and the entries relating thereto in columns (2), (3), (4) and (5), the following new S.No. and the entries relating thereto shall be added, namely:- “33. Pre-fabricated 9406.0000 5% If imported by the buildings. sectors specified at S.Nos. 7, 8 and 17.”. [C.No. 1/7/Mach./92] (MUSARRAT JABEEN) ADDITIONAL SECRETARY