This SRO amends the Notification No. S.R.O. 71(I)/95, dated the 19th January, 1995

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS & REVENUE *** Islamabad, the 12th June, 2004. NOTIFICATION (CUSTOMS) S.R.O. 449(I)/2004.- In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), and sub-section (1) of section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that the following further amendments shall be made in its Notification No. S.R.O. 71(I)/95, dated the 19th January, 1995, namely: - In the aforesaid Notification, in clause (b), - (i) in condition (iii),- (a) for the words and commas “Chief, Survey and Rebate, Central Board of Revenue, or any other officer authorized” the words, brackets, letters and commas “Director Input/Output Co-efficient Organization (IOCO), or any other officer authorized by him” shall be substituted; and (b) for the words and commas, “the Chief or such authorized officer, as the case may be, in consultation with the Collector of Customs, Collector of Central Excise or Collector of Sales Tax” the words, comma and letters “Director, IOCO or such officer authorized by him” shall be substituted; (ii) in condition (v), for the words “an indemnity bond in the form set out below and post dated cheque in the amount equivalent to the customs-duty and sales tax exempted under this notification” the words “an undertaking” shall be substituted; (iii) conditions (vii) and (viii) shall be omitted; (iv) in condition (ix), for the full stop, at the end, a semicolon shall be substituted and thereafter the following new conditions shall be added, namely:- “(x) the manufacturer shall communicate to the concerned Collector of Customs in writing about the consumption of imported goods within one month of consumption. In case of non-consumption within 180 days, the importer shall pay the customs-duty and other taxes involved or shall give plausible reasons to the Collector of Customs and seek extension for a reasonable period; and (xi) in case the manufacturer does not provide information regarding consumption or otherwise of the imported goods within a period of 180 days of import or such extended period as allowed by the Collector or if otherwise deemed necessary, the record of importer-cum-manufacturer shall be audited by the Duty Suspension Audit Organization (DSAO) or by any other person duly appointed by the Collector. If upon audit consumption of goods is not found satisfactory the Collector of Customs shall initiate proceedings for the recovery of leviable duty and other taxes besides penal action under the relevant provisions of the laws in force.”; (v) after Table, the FORM-I shall be omitted; and (vi) after FORM-II, the INDEMNITY BOND shall be omitted.”. [C.No.1/6/Mach./2004] (Muhammad Ramzan) Additional Secretary