SRO 524(I)/2002

GOVERNMENT OF PAKISTAN (REVENUE DIVISION) CENTRAL BOARD OF REVENUE ****** Islamabad, the 16th August, 2002. NOTIFICATION (CUSTOMS) S.R.O. 524 (I)/2002.- In exercise of the powers conferred by clause (C) of Section 21 of the Customs Act, 1969 (iv of 1969), the Central Board of Revenue is pleased To authorize repayment of customs-duties to the extent specified in column (4) of the table below paid on the importation of the raw materials specified in column (1) of the said table and used in the production of manufacture of the goods specified in Column (2) of that table and exported during the period specified in column (3) thereof, Subject to the following conditions, namely:- (i) The goods have been manufactured according to the formula duty Furnished on the Central Board of Revenue showing the quantity of various imported raw materials specified in column (1) of the said table and used in the production or manufacture of the goods specified in column (2) thereof; (ii) The manufacturer maintains proper record of the goods manufactured in accordance with the formula referred to in sub-paragraph (i) and produces, on demand, such records and other evidence as may be required by the Central Board of Revenue to satisfy itself that the imported raw materials have been used in accordance with the for formula; (iii) the manufactured goods are exported out of Pakistan and an application for repayment of customs-duties is presented to the proper officer of Customs within two hundred and ten days of such exportation or within one hundred and eighty days from the date of realization of foreign exchange as shown in bank credit advice issued in accordance with the regulation of the State Bank of Pakistan in force for the time being; (iv) the exporter makes a declaration on the face of the original shipping bill or other export documents to the effect that he would claim repayment of the customs-duties paid on the imported raw materials used in the production or manufacture of the goods being exported; and.

(v) the repayment of customs-duties at the rate specified shall be provided that the goods exported are manufactured with the same constituents on which the rate of repayment is notified and the manufacturer-cum-exporter shall immediately intimate to the Collector of Customs concerned,- (a) any change in the prices of the imported raw materials; (b) any change in the composition of the manufactured goods to be exported ; and (c) use of any indigenous raw material in place of the imported raw materials. TABLE Raw materials Goods produced or Period Extent of repayment imported manufactured of customs-duties (1) (2) (3) (4) The following goods produced or manufactured by M/s. Alsons Industries (Pvt). Ltd., Karachi:- 1. Arming Spring FUZE V19PF1A. from 11.01.2001 5.04%of the fob value 2. Dashpot Spring to 30.06.2002, 3. Torsion Spring 4. Combined From 01.07.2002 4.17% of the fob value Shutter Cam onwards. 5. Striker O Ring 6. Spring Sent O Ring 7. Front unit O Ring 8. Shutter cam O Ring 9. Pin of rear Part 10. Pin of Plate 11. Stop Pin 12. Lock bail Steel 13. Shutter Drum 14. Guide Bush 15. Fixing Plare 16. Wedge Adj. Ring 17. Adj. Ring of Seat 18. Primer Holder Closing Nut 19. Body Rear Part 20. Head of Striker

21. Nose cone 22. Front Unit 23. Striker Pin 24. Piston 25. Spring Seat 26. Primer Key 27. Primer Holder 28. Transmitting Tube 29. Safety Sleeve [C.No.3(113)SS(CR)/93.] (Muhammad Nadir Khan Hoti) Chief (Duty Drawback System