SRO 403(I)/1996

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE AND ECONOMIC AFFAIRS NOTIFICATION Islamabad, the 13th June,1996 CUSTOMS S.R.O.403(I)/96.- In exercise of the powers conferred by section 19 of the Customs Act,1969 (IV of 1969), and in suppression of this Ministry's Notification No.507(I)/88, dated the 26th June,1988, the Federal Government is pleased to exempt vehicles, including motor cars, falling under respective headings of Chapter 87 of First Schedule to the Customs Act,1969 (IV of 1969), imported into Pakistan free of customs duties by privileged organization , offices or agencies and subsequently sold or otherwise disposed of in the country to non-privileged persons, from so much of the customs-duties as would be in excess of that leviable as set-out below, subject to the following conditions, namely:- (i) No such motor vehicle shall be sold, transferred or otherwise disposed of in Pakistan by a privileged organization/agency/office/NGO except with the prior permission of the Central Board of Revenue given on an application made to it; (ii) no such motor vehicle shall be sold, transferred or otherwise disposed of within two years of its importation to any one other than a department, agency or office of the Federal Government or a Provincial Government; (iii) subsequent disposal of vehicles by the recipient department of the Government shall be governed by condition (iv); and (iv) no such vehicle shall be sold or otherwise disposed of in Pakistan without payment of customs-duties at the following rates, namely:- (a) If it is sold or otherwise disposed of before the expiry of two The whole of customs-duty and sales tax years from the date of its importation leviable at the time of import. (b) If it is sold or otherwise disposed of after the expiry of two 50% of customs-duties and whole of years but before the expiry of five years of its importation. of sales tax leviable at the time of import. (c) If it is sold or otherwise disposed of after the expiry of five 33% of customs-duties and whole of sales years or more tax leviable at the time of import. RIAZ AHMAD MALIK Additional Secretary [C.No.5(14)/92-Cus-Exm.]