Amendments in Notification No. S.R.O 487(I)/2007, dated the 9th June, 2007.

Government of Pakistan (Revenue Division) Federal Board of Revenue **** Islamabad, the 11th June, 2008. NOTIFICATION (CUSTOMS) S.R.O. 568(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, namely:- In the aforesaid Notification, in paragraph 2, in sixth proviso,- (a) for the word “also”, the word “further” shall be substituted; and (b) for the full stop, at the end, a colon shall be substituted and thereafter the following new proviso shall be added, namely:- “(i) Provided also that all the vehicles imported in violation of the Import Policy Order in force and for which IGMs had been filed on or before the 31st May, 2008 shall be allowed release on payment of leviable amount of duties and taxes in addition to redemption fine which shall be equal to thirty per cent of the CIF value of each vehicle, provided that the customs- duty, taxes, fine and penalty etc. levied thereon are paid on or before the 30th June, 2008. (ii) The smuggled vehicles, other than having tampered engine or chassis numbers, which had been seized or confiscated on or before the 31st May, 2008, shall also be allowed release on payment of leviable amount of duties and taxes in addition to redemption fine which shall be equal to thirty per cent of the CIF value thereof, provided that the customs- duty, taxes, fine and penalty etc. so levied thereon are paid on or before the 30th June, 2008. (iii) The relief allowed in clauses (i) and (ii) shall not be admissible in respect of such vehicles which have since been auctioned.”. ______________________________________________________________________ [C. No.10(17)L&P/2005-Pt] (Dr. Muhammad Adnan Akram)