SRO 1332(I)/1990

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE NOTIFICATION Islamabad, the 26th December, 1990. CUSTOMS S.R.O. 1332(I)/90.- In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), the Federal Government is pleased to exempt goods, not manufactured locally specified in the Table, if imported into Pakistan by manufacturers-cum-exporters, for manufacture of leather made-ups and their subsequent exportation from so much of the customs duty as is in excess of 10% ad valorem specified in the First Schedule to the Customs Act, 1969 (IV of 1969), leviable or chargeable thereon, subject to the conditions set out below, namely:- 1. The manufacturer-cum-exporter shall declare on the Bill of Entry to the effect that he is an exporter of leather made-ups and give full particulars of the imported goods and their use. 2. The benefit of exemption shall also be admissible in respect of goods consigned by any overseas person without cover of letter of credit. 3. The manufacturer-cum-exporter shall furnish an indemnity bond in the Form set out below to the extent of customs-duty exempted under this notificationto the effect that in case he fails to re-export the goods imported temporarily under this Notification within a period not exceeding one year or such further period not exceeding six months as may be allowed by the Collector of Customs for sufficient reasons to be recorded in writing. 4. If for any reason, the manufacturer-cum-exporter is not in a position to submit indemnity bond as laid down in condition 3 above, a bank guarantee shall be furnished to the extent of duties and taxes exempted under this notification. 5. Omitted. 6. The manufacturer-cum-exporter shall keep an account of goods imported, received, consumed and exported in the proforma set out in Annex-I. 7. The manufacturer-cum-exporter shall intimate, in writing stating full particulars, to the concerned Assistant Collector of Customs at the Customs station from where the goods were imported, within the period specified in condition 3 above, regarding the export of the imported goods separately accounting for the goods not exported or used for the prescribed purpose or in the prescribed manner. 8. The Assistant Collector of Customs of the Customs station from where the goods were imported shall maintain an importer-wise account in a register in the proforma set out in Annex-II. All imports should be entered in this register and indemnity bond shall be discharged on production of the account referred to in condition 7. 9. At the time of export, the manufacturer-cum-exporter shall declare on each bill of export precise quantity of goods and import particulars thereof, imported under this notification and used in the leather made-ups being exported. 10. Wastage of goods imported under this notification as contained in Table will be admissible upto 3% of the quantity imported. TABLE 1. Plain/quilted lining material all sorts. 2. Elastic webbing, knitted and woven, all sorts including knitting rib. 3. Thread, synthetic/nylon/polyester/braided/cotton or combination thereof. 4. Shoulder pads, all sorts. 5. Wadding materials, all sorts including acrylic wadding. 6. Interlining materials, woven/non-woven, fusible/non-fusible, all sorts including umbrella interlining. 7. Furlining materials, real/artificial, all sorts. 8. Labels of textile and other materials, all sorts with/without precoated adhesive. 9. Zips/zip fasteners, metal/plastic/nylon, in pieces or rolls. 10. Buttons, plastic/press/metal/wooden/bronze all sorts including leather/textile covered. 11. Rivets and eyelids. 12. Buckles, rings and decorative fittings, all sorts including plastic/press/metal/wooden/bronze/leather. 13. Velcro patties/velcro tapes and other fastening materials. 14. Thermoplastic counter/toe puff material/stiffeners, cut or in sheets/rools. 15. Synthetic lining, including artificial leather lining and fabric lining. 16. Tapes, all sorts including re-inforcement made of cotton/nylon, woven/non-woven, elastic/non-elastic. 17. Parts of footwear classifiable under H.S. heading No.64.06. 18. Thermoplastic rubber, natural rubber (RSS-4/5 and TPC-3 white) and synthetic rubber (SBR - 1502, Highstyrene, Chloroprene, Buryl-268/301, Chlorobutyl - 1066, polybutadiene and polyisoprene). 19. Release agents, rubber accelerators, rubber antioxidants and activators. 20. Shoe eyelets, machine tacks and fibre board. FORM [See condition (iv)] (On appropriately stamped non-judicial paper) INDEMNITY BOND THIS DEED OF INDEMNITY is made on the ______________ day of ___________ BETWEEN Messrs ____________ having registered office at _____________ (hereinafter called "the manufacturer-cum-exporter" which includes their successors, administrators, executors and assignees) of the one part, AND the President of Pakistan through the Collector of Customs ________(hereinafter called "the Collector of Customs") of the other part; WHEREAS the Federal Government has, by its decision contained in Notification No._______________ dated the __________ and subject to the conditions given in the said notification, been pleased to direct that such goods specified in Table of the said notification as are imported for manufacture of leather made-ups and their subsequent exportation, shall be exempt from so much of the customs duty as is in excess of 10% ad valorem, leviable thereon, if imported by the manufacturers-cum-exporters of leather made-ups in accordance with the said notification; AND WHEREAS the manufacture-cum-exporter having registered office at _______________________ have imported the goods mentioned in the Schedule to this Bond for the prescribed purpose and the conditions given in the said notification, that the goods shall only be used for the prescribed purpose and in the prescribed manner; NOW, THEREFORE, in consideration of the release of aforesaid goods equivalent to the customs duty exempted, the importer bind themseves to pay on demand to the Government of Pakistan the sum of Rs ______ being the customs duty, leviable if he fails:- (i) to use the said goods for the purpose specified in the notification, or in the manner and period pescribed under the said notification, or to give intimation, as laid down under condition (7) of the said notification; and (ii) to produce such other evidence as the Collector of Customs may require to satisfy himself that the declarations made or state-ment or information furnished is bonafide and the goods have been used in the manner laid down in the said notifcation. The manufacturer-cum-exporter further binds himself that in case of further to make the payment of the aforementioned account, the amount covered by this Bond shall be recovered as arrears of customs duty under section 202 of the Customs Act, 1969. This Bond shall become void when the aforesaid goods are re-exported or used for the specified purpose and the Collector of Customs is satisfied that the importers have fulfilled all the conditions of this Bond and the said Notification. Signed by manufacturer-cum-exporter on this _____________ day of ________ 19____ ___________________________ (Managing Director) (Name and permanent address) Witness _________________________________________________ (signature, name, designation and full address) Witness _________________________________________________ (signature, name, designation and full address) Note: The Bond shall be written on appropriate non-judicial stamp paper and shall be witnessed by a Government servant in Grade 16 or above, an Oath Commissioner, a Notary Public or an officer of a Scheduled Bank. ANNEX-I _____________________________________________________________________________________________________ RECORD OF GOODS RECEIVED RECORD OF EXPORTS _____________________________________________________________________________________________________ IGM & Description Quantity Date of Shipping bill Remarks of Period of Remarks on date of clearance No.& Date for customs officer Consumption any customs goods items of about goods of i.e. date in officer column 8 column 6 column 9 inspecting date on the record column 4 _____________________________________________________________________________________________________ 1 2 3 4 5 6 7 8 _____________________________________________________________________________________________________ ANNEX-II (Register of imports, consumption and exports of goods under SRO ___(I)/90 dated ________ A. Imports. _________________________________________________________________________________________________________________________________________________ Vessel's IGM No. Index Bill Date of Description Quantity No of Value Rates of Amount name & date No.& of clearance of goods packages. duty of duty date. Entry from the prevalent forgone. No.& custom at the Date station. time of importation ____________________________________________________________________________________________________ B. Exports _____________________________________________________________________________________________________ Bill of Description Date of Value Particulars of goods imported and used Export No. of goods to Export or of Description Quantity Value Amount of Balance and date. be exported Met Receipt goods duty in hand No. and date. _____________________________________________________________________________________________________ M. MUBEEN AHSAN Additional Secretary C.No.79-80-Mach.1(44). As amended: S.R.O. 410(I)/91. - dated 06.05.1991. S.R.O. 430(I)/92. - dated 14.05.1992. S.R.O.488(I)/94, - dated 09.06.1994. S.R.O.988(I)/94. - dated 06.10.1994 S.R.O.1096(I)/95, - dated 13.11.1995 S.R.O.432(I)/96, - dated 13.06.1996 S.R.O.200(I)/97, - dated 28.03.1997 S.R.O.1130(I)/97 - dated 03.11.1997