Goods Chargeable To Duty Of Excise On Retail Price Basis At Import Stage As Notified Vide 454(I)/96 13th June 1996

Government of Pakistan Revenue Division ******* Islamabad the 18th June 2001. NOTIFICATION (Central Excise) S.R.O.387(I)/2001.- In exercise of the powers conferred by the proviso to sub-section (4) of section 4 of the Central Excises Act, 1944, the Central Board of Revenue is pleased to direct that the goods chargeable to duty of excise on retail price basis at import stage as notified vide Notification No.S.R.O.454(I)/96, dated the 13th June, 1996, shall be assessed, with effect from the date notified by the Federal Government in this behalf, on the basis of printed retail price, inclusive of all charges and taxes other than sales tax levied and collected under Section 3 of the Sales Tax Act, 1990, at which the goods should be sold to the general body of consumers in Pakistan and if more than one such price is so fixed for the same brand or variety, the highest of such price: Provided that prior to such date, as is notified by the Federal Government, the said goods shall be assessed on the basis of declared retail price, which shall be inclusive of all charges and taxes other than sales tax levied and collected under section 3 of the Sales Tax Act, 1990, at which the goods should be sold to the general body of consumers in Pakistan and if more than one such price is so fixed for the same brand or variety, the highest of such price. [C.No. 1(1)-CEB/2001] ( Sayed Mohsin Asad ) Additional Secretary