Federal Government in pleased to direct that the following further amendment shall be made in its Notification No S.R.O 693(I)/2006, dated the 1st July, 2006.
SRO 939(I)/2013Amendments to earlier SROs
SRO 939(I)/2013 is a Customs SRO dated 21 October 2013, listed by FBR as "Federal Government in pleased to direct that the following further amendment shall be made in its Notification No S.R.O 693(I)/2006, dated the 1st July, 2006.".
The text below was extracted automatically from the text layer of the official PDF. Line breaks and table layout may differ from the original, and where FBR scanned the paper and added a machine-read text layer, that layer can contain misread characters. Check the official PDF before relying on any wording or figure.
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GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE AND REVENUE
(REVENUE DIVISION)
*****
Islamabad, the 21st October, 2013.
NOTIFICATION
(CUSTOMS)
S.R.O. 939 (I)/2013.- In exercise of the powers conferred by sub-section (5) of
section 18 of the Customs Act, 1969 (IV of 1969), the Federal Government is pleased to
direct that the following further amendment shall be made in its Notification No. S.R.O.
693(I)/2006, dated the 1st July, 2006, namely:-
In the aforesaid Notification, after the TABLE, for the second proviso, the
following shall be substituted, namely:-
“Provided further that in line with the new entrant policy for
motorcycle manufacturing industry with new technology notified by
Ministry of Industries and Production vide Notification No. 4-1/2013/LED-II-
(Vol-III), dated the 26th September, 2013, the additional customs-duty
leviable under this notification shall not be charged on sub-components
and components, imported in any kit form by a new entrant assembler or
manufacturer, for assembly or manufacturing of motorcycles classified
under PCT heading 87.11 specified in the said TABLE, for a period of five
years from the start of assembly or manufacturing with new technology
subject to the following conditions, namely:-
(i) the new entrant assembler or manufacturer shall achieve the annual
localization or indigenization targets / levels in accordance with the
localization plan spreading over a maximum period of five years,
duly approved by Ministry of Industries and Production;
(ii) the additional customs-duty shall be levied on the sub-components
and components which become localized / indigenized by the new
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entrant assembler or manufacturer, in accordance with the said
localization plan;
(iii) the new entrant shall abide by all the terms and conditions laid down
in separate notifications issued by the Ministry of Industries and FBR
for assembly or manufacturing of motorcycles; and
(iv) the expressions „new technology‟ and „new entrant‟ shall bear the
same meaning as declared or notified by the Ministry of Industries
and Production in respect of Motorcycle Manufacturing Industry.”
[C. No. 2(4)I.I &Tar-III/2005/Pt-II-69/13]
(Nisar Muhammad)
Additional Secretary
Which SROs does the title refer to?
- SRO 693(I)/20061 July 2006Levy of additional Customs Duty on Import of Specified Goods
Related Customs SROs on amendments to earlier sros
- SRO 43(I)/201420 January 2014S.R.O 43(I)/2014 Dated 20.01.2014
- SRO 42(I)/201420 January 2014S.R.O 42(I)/2014 Dated 20.01.2014
- SRO 1073(I)/201327 December 2013Amendments shall be made in its notification No. S.R.O. 1274(I)/2006 dated 29th Dedember 2006.
- SRO 940(I)/201320 October 2013Federal Government is pleased to direct that the following further amenments shall be made in its Notification No S.R.O 656(I)/2006 dated 22 June, 2006.
- SRO 742(I)/201328 August 2013Federal Government is pleased to direct that the following further amendments shall be made in its Notification No S.R.O 482(I)/2009, dated the 13th June, 2009.
- SRO 499(I)/201312 June 2013S.R.O 499(I)/2013 superseded S.R.O. 607(I)/2012, dated the 2nd June, 2012