Amendment in S.R.O.487(I)/2007

Government of Pakistan (Revenue Division) Federal Board of Revenue **** Islamabad, the 1st March, 2008. NOTIFICATION (CUSTOMS) S.R.O. 202 (I)/2008.- In exercise of the powers conferred by section 181 of the 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.O.487(I)/2007, dated the 9th June, 2007, and shall be deemed to have been made on the 12th February, 2008, namely:- In the aforesaid Notification, for the fifth proviso, the following proviso shall be substituted namely:- “ (i) Provided also that all the old and second-hand refrigerated lorries, imported up to the 30th January, 2008, in violation of Import Policy Order, 2007, shall be released on payment of duty, taxes, redemption fine which shall be thirty per cent of the C and F value of each vehicle; (ii) Redemption fine of thirty percent of the C and F value of each vehicle shall also be applicable to all those refrigerated lorries which have already been released in violation of Import Policy Order, 2007.” [C. No.10(17)L&P/05-Pt] (ENGR. RIYAZ A. MEMON) Second Secretary (Law & Procedure)