Fixation of amount of redemption fine/penalty.

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS & REVENUE (REVENUE DIVISION) *** Islamabad, the 15th June, 2002. NOTIFICATION (CUSTOMS) S.R.O. 374 (I)/2002.- In exercise of the powers conferred by section 181 of the Customs Act,1969 (IV of 1969), and in supersession of the order dated the 17th December,1998, the Central Board of Revenue is pleased to order that.- (a) no option shall be given to pay fine in lieu of confiscation in respect of smuggled goods falling under clause (s) of section 2 of the Customs Act,1969 (IV of 1969), or goods imported in violation of section 15 of the Customs Act,1969 (IV of 1969), or banned items notified vide Appendix-A 2[and Indian orgin other than those covered in Appendix-B] of the Import Trade and Procedures Order,2000, including job lot and stock lot items where the customs duty is zero per cent 1[or vehicles imported in violation of Import Trade Procedure Order,2000]; (b) the quantum of fine in lieu of confiscation shall not be less than the rate specified in column (3) of the Table below:- S.No. | Description | Minimum redemption fine on customs value. (1) | (2) | (3) (a) | Offences related to misdeclaration,- (i) | Difference between ascertained and declared weight or quantity subject to the condition that the percentage difference is more than 5%. | 30% (ii) | Origin | 30% (iii) | Physical description | 30% (b) | Other offences,- (i) | Offending goods imported in the bales of second hand clothing imported in violation of provisions of Imports and Exports (Control) Act,1950(XXXIX of 1950). | 25% (ii) | Stock-lot or job lot goods where the duty is not zero per cent imported in violation of provisions of Imports and Exports (Control) Act,,1950 (XXXIX of 1950). | 15% (iii) | Goods not covered under clause (b) of rule 4 of sub-Chapter I of Chapter II of the Customs Rules, 2001 brought by incoming passengers (accompanied or unaccompanied) in non-commercial quantities for actual use and not intended for sale in market. | Nil (iv) | Old and used machinery parts or components imported by the industrials importers for their plants if not importable in terms of relevant Import Trade Procedure. | 25% (v) | Old and used spare parts and accessories , if imported alongwith the second hand plant and machinery used in manufacturing of goods. | 25% (vi) | Imported scrap items which contain old and used or serviceable components such as auto parts and compressors etc, if the same are allowed release after cutting, pressing, piercing, breaking or otherwise deshaping to the satisfaction of the customs authorities on specific request of the importers subject to the condition that expenses incurred on such process are paid by the importer. [C.No.10(18)L&P/2002]. (Dr. Manzoor Ahmad) Member(Customs) As amended 1. Added vide SRO.485(I)/2003, dated 07.06.2003 2. Inserted vide S.R.O.___(I)/2004 dated 30.06.2004