Amendment in SRO.450(I)/2001 dated 18.6.2001 - Customs Rules,2001

Government of Pakistan (Revenue Division) Central Board of Revenue **** Islamabad, the 13th July, 2005. NOTIFICATION (CUSTOMS) S.R.O.714(I)/2005.- In exercise of the powers conferred by section 219 of the Customs Act, 1969 (IV of 1969), the Central Board of Revenue is pleased to direct that the following further amendments shall be made in the Customs Rules, 2001, namely:- In the aforesaid Rules, after Chapter XIX, the following new Chapter shall be added, namely:- “Chapter XX REPAYMENT OF CUSTOMS-DUTY ON IMPORT AND ON ACCOUNT OF 15% TARIFF PROTECTION IN CASE OF LOCAL PROCUREMENT OF PURE TEREPHTHALIC ACID (PTA) - PCT HEADING 2917.3610 421. Repayment of Customs-duty on import and on account of tariff protection regarding pure terephthalic acid.- (1) In case of imported pure terephthalic acid (PTA), the importer shall file a repayment claim in respect to the imports during the previous month, by the 5th of next month with the Collector of Customs, Model Customs Collectorate, Karachi, in the form as set out in Annex A, enclosing copies of the relevant Goods Declarations showing payment of customs-duty on imported PTA. For imports with effect from the 7th June, 2005, the application may be filed after the 5th July, 2005. (2) The case shall be processed by the Model Customs Collectorate, Karachi, and the actual amount paid as customs-duty on PTA shall be repaid under clause (ab) of section 21 of the Customs Act, 1969 (IV of 1969), within seven days of the receipt of application under sub-rule (1). (3) In case of PTA procured locally from M/s Pakistan PTA Ltd., the purchaser shall file an application for repayment on account of 15% tariff protection to PTA, to the Collector of Customs, Model Customs Collectorate, Karachi, in the form as set out in Annex B, along with copies of sales tax invoices for the previous months against which PTA has been procured locally. The case shall be processed in the Model Customs Collectorate, Karachi, under clause (ab) of section 21 of the Customs Act, 1969 (IV of 1969), and repayment shall be made as per the following formula to the applicant within seven days of such application, after due verification of sales tax invoices by the Collector of Customs, namely:- Amount refundable on account of 15% tariff protection to PTA = (Pakistan PTA sales price x 100) X 15% (100+15) (4) M/s Pakistan PTA Ltd., shall indicate the amount charged on account of 15% tariff protection separately in each sale tax invoice issued for the sale of PTA. However, for sales made by M/s Pakistan PTA Ltd., during the period from the 7th June, 2005 to the 31st July, 2005, repayment shall be made on the basis of the formula specified in sub-rule (3) and the amount charged on account of 15% tariff protection to PTA shall not be indicated on such invoices separately. (5) M/s Pakistan PTA Ltd., shall provide to the Model Customs Collectorate, Karachi, a comprehensive statement of sales of PTA to various customers during the month by the 5th of next month. (6) Repayment of customs-duty on import of PTA or on account of 15% tariff protection, under these rules, shall be admissible to the following consumers of PTA, namely:- (i) ICI Polyester Fibre; (ii) Rupali Polyester Ltd; (iii) Rupafil Ltd; (iv) Ibrahim Fibres Ltd; (v) Dewan Salman Fibres Ltd; (vi) Pakistan Synthetic Ltd; (vii) Gatron Industries Ltd; and (viii) Novatex Ltd. ANNEX A [See rule 421(1)] APPLICATION FOR REPAYMENT OF CUSTOMS-DUTY ON IMPORTED PTA, FOR THE MONTH OF ……… Name of the importer: …… …………………………….. Address: …………………………………………… NTN: ………………………………………………. Sales tax registration No.:…………………………… S.No. | GD No. | Date. | PTA | CD paid. | Amount refundable. Quantity. | Value. (1) | (2) | (3) | (4) | (5) | (6) | (7) Signatures: __________________ Name and Designation: ____________________ Date: ________________________ ANNEX B [See rule 421(3)] APPLICATION FOR REPAYMENT OF CUSTOM-DUTY ON ACCOUNT OF 15% TARIFF PROTECTION ON PTA, FOR THE MONTH OF ………… Name of the purchaser: …………………………….. Address: …………………………………………… NTN: ………………………………………………. Sales tax registration No: …………………………… S. No. | Invoice No. | Date. | PTA. | Amount refundable. Quantity. | Value. | Any price adjustment on the previous purchase as per “ppta” credit note. (1) | (2) | (3) | (4) | (5) | (6) | (7) Signatures :__________________ Name and Designation: _________________ Date: _____________________” [C. No.5(7)L&P/2004(pt)] (AKHLAQ AHMAD KHATTAK) SECRETARY (LAW AND PROCEDURE)