SRO 593(I)/1997

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE AND ECONOMIC AFFAIRS NOTIFICATION Islamabad, the 7th August, 1997 CUSTOMS S.R.O.593(I)/97.- In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), the Federal Government is pleased to exempt the machinery (not manufactured locally) imported by an engineering unit for export related production from whole of the customs duty as specified in the First Schedule to the said Act, subject to the following conditions, namely:- (i) The exemption shall be limited upto two hundred per cent of the export value during the preceding financial year of the claiment unit; (ii) the claiment unit shall apply at the beginning of each financial year, for issuance of a certificate in respect of exports made by it in the preceding financial year, to the Collector of Customs, at the station of export who shall issue the certificate as per form set out below. The claiment unit shall specify in the application the customs station where from the intended imports are to be made and the Collector of Customs of the station from where export took place, while issuing the certificate, shall also endorse a copy of the same to the designated customs station; (iii) the claiment unit shall be entitled to import the machinery only from the customs station specified by the same and to whom the certificate has been endorsed. At the time of the import the claiment unit shall declare on the bill of entry the intention of getting benefit of this notification and shall produce the certificate of export alongwith other documents, in proof of his claim; (iv) the Collector of Customs (Imports) to whom the certificate is endorsed or any officer designated by him in this behalf shall maintain an account of the imports made on the basis of the certificate issued in favour of the claiming unit by the Collector of Customs at the Customs Station of Export; and (v) the claiment unit shall not be entitled to carry forward the balance remaining at the end of a financial year to the next financial year. Explanation.- For the purposes of this notification the expression "not manufactured locally" shall mean the goods which are not included in the list of locally manufactured goods, specified in the General Order, issued by the Central Board of Revenue. FORM 1. Name of the Unit with complete address. ________________________________________________________ 2. N.T.N. No. ________________________________________________________ 3. Export Registration No. ________________________________________________________ 4. Import Registration No. ________________________________________________________ 5. Name of station of export ________________________________________________________ 6. Designated station of import ________________________________________________________ 7. Details of export in financial year----------:- ________________________________________________________ No. of bill of Description of Value in US $ Value in Pak Rupees Bill of lading export with date goods exported No. and date (1) (2) (3) (4) (5) Country of export Foreign exchange repatriation certificate No. with the name of the Bank Branch ----------------------- ---------------------------------------------------- (6) (7) ----------------------- ---------------------------------------------------- _______________________________ Seal and Signature Collector of Customs 2. This Notification shall take effect from the 7th day of August, 1997, and shall remain in force till the 30th day of June, 2001. [C.NO.6(15)/97-CB] RIAZ AHMAD MALIK ADDITIONAL SECRETARY As amended S.R.O.723(I)/99, - dated 12.06.1999 S.R.O.447(I)/2000, - dated 30.06.2000