Federal Government is pleased to direct that subject to the conditions, restrictions and exceptions stated hereinafter, special excise duty at the rate of one per cent of the value shall be levied, co

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE (REVENUE DIVISION) *** Islamabad, the 29th June, 2007. NOTIFICATION (FEDERAL EXCISE) S.R.O. 655(I)/2007.- In exercise of the powers conferred by section 3A, and sub-section (2) of section 16 of the Federal Excise Act, 2005, the Federal Government is pleased to direct that subject to the conditions, restrictions and exceptions stated hereinafter, special excise duty at the rate of one per cent of the value shall be levied, collected and paid on goods specified in the First Schedule to the Customs Act, 1969 (IV of 1969) except the goods mentioned in the table below. TABLE S. DESCRIPTION H.S. CODE NO. (1) (2) (3) 1. All goods classifiable in chapter 07. Chapter 07 2. Seeds, fruit and spores of a kind used for 1209.1000, 1209.2100, sowing 1209.2200, 1209.2300, 1209.2400, 1209.2500, 1209.2900, 1209.3000, 1209.9110, 1209.9120, 1209.9130, 1209.9190 and 1209. 9900 3. Rape or colza seeds, sunflower seeds, cotton 1205.1000, 1206.0000, seeds, sesamum seeds, mustard seeds and 1207.2000, 1207.4000, safflower seeds. 1207.5000 and 1207.9910 4. Edible oils and fats 15.07, 15.08, 15.09, 15.10, 15.11, 15.12, 15.13, 15.14, 15.15, 15.16, 15.17 and 15.18 5. Petroleum oils and oils obtained from 2709.0000 bituminous minerals, crude

6. Motor spirit 2710.1110 7. Aviation spirit 2710.1120 8. High speed diesel oil 2710.1931 9. Furnace-oil 2710.1941 10. Natural gas and LPG 2711.1100, 2711.1910 and 2711.2100 11. Electrical energy 2716.0000 12. Phosphoric acid 2809.2010 13. Pharmaceutical products Chapter 30 14. Fertilizers Chapter 31 15. Currency notes, bank notes, shares, stocks and 4907.0000 bonds. 16. Silver, in unworked condition. 7106.1000, 7106.9110, 7106.9190, 7106.9210 and 7106.9290 17. Gold, in unworked condition. 7108.1100, 7108.1210 and 7108.1290 18. Monetary gold. 7108.2010 and 7108.2090 19. Tin plate 7210.1100 and 7210.1200 20. Computer hardware including laptops, 8471.0000 notebooks, PCs mainframe and other peripheral units and parts thereof 21. Soyabean seeds 1201.0000 22. Petroleum bitumen 2713.2000 23. Special Classification provisions Chapter 99 24. Temporary importation under Federal Respective headings Government’s Notification No. S.R.O. 1065(I)/2005 dated 20th October, 2005, imports under DTRE Scheme and imports under manufacturing bonds scheme. 25. Goods specified in the Federal Government’s Respective headings Notifications No. S.R.O. 509(I)/2007, dated 9th June, 2007, SRO 462(I)/2007 dated 9th June, 2007, SRO 646(I)/2007 dated 27th June, 2007, SRO 548(I)/2006 dated 5th June, 2006, SRO 604(I)/2006 dated 7th June, 2006, SRO 664(I)/2006 dated 27th June, 2006, SRO 759(I)/2006 dated 24th July, 2006, SRO 758(I)/2006 dated 24th July, 2006, SRO 1204(I)/2006 dated 30th November, 2006, SRO 670()/2006 dated 29th June, 2006 and SRO 1270(I)/2006 dated 27th December, 2006. 26. Supplies made by cottage industry as defined Respective headings in the Sales Tax Act, 1990.

27. Goods produced or manufactured and Respective headings exported by a manufacturer 28. Imported goods subject to customs duty at the Respective headings rate of zero percent under the Customs Act, 1969 (IV of 1969), or any notification issued thereunder. 2. Conditions and restrictions: (i) The value for the purposes of levy of special excise duty shall be,-- (a) in case of goods imported, the value determined in accordance with section 25 of the Customs Act, 1969 (IV of 1969) for the purpose of assessing customs duty; and (b) in case of goods produced or manufactured, the value determined under sub-section (1) or as the case may be sub-section (4) of section 12 of the Federal Excise Act,2005, excluding the amount of excise duty levied under section 3 of the said Act. (ii) Special excise duty and such duty shall be paid,- (a) in case of goods imported, in the same manner as customs duty is paid by an importer under the Customs Act, 1969 (IV of 1969) ; and (b) in case of goods produced or manufactured, in the same manner as Federal excise duty is paid by a producer or manufacturer under the Federal Excise Act, 2005. (iii) The amount of special excise duty shall not be part of the value for the purpose of assessment of customs duty, Federal excise duty, sales tax or advance income tax, in case of imported or locally manufactured goods. (iv) Special excise duty paid at import or local supply stage on industrial inputs shall be adjustable against the special excise duty chargeable on the goods manufactured therefrom at local supply stage. No other adjustment of special excise duty shall be allowed against any amount of Federal excise duty or sales tax or any other tax and vice versa; and (v) Where goods on which special excise duty has been paid are exported, the exporter shall be entitled to drawback of such duty in such manner and to such extent as may be directed by the Board.

3. This Notification shall take effect on and from the 1st day of July, 2007. [C. No. 4/1-STB/2007] (Musarrat Jabeen) Additional Secretary