Repayment of Cusotms-duties and Refund of Sales Tax on Export of Hosiery Articles

REPAYMENT FO CUSTOMS-DUTY AND REFUND OF SALES TAX ON EXPORT OF HOSIERY ARTICLES Notification No. S.R.O. 116(I)/80, dated 30th January, 1980.-- In exercise of the powers conferred by clause (c) of section 21 of the Customs Act, 1969 (IV of 1969), and sub-section (2-A) of section 27 of the Sales Tax Act, 1951 (III of 1951), and in supersession of all its previous Notifications and Orders in respect of repayment of customs-duties and refund of sales tax on the subject, the Central Board of Revenue is pleased to authorise repayment of customs-duties and refund of sales tax to the extent specified in columns (3) and (4) respectively of the table below paid on the importation of the raw materials specified in column (1) of the said table and used in the production or manufacture of the goods specified in column (2) thereof, subject to the following conditions, namely:- The manufactured goods are exported out of Pakistan and an application for repayment of customs-duties and refund of sales tax is presented to the proper officer of customs within one hundred and twenty days of such exportation or of the publication of this Notification, whichever is the later. The exporter makes a declaration on the reverse of the original shipping bill or other export documents to the effect that the he would claim repayment of the customs-duties and refund of sales tax paid on the imported raw materials used in the production of goods being exported. In case the exporter has already received repayment of customs-duties and sales tax under any superseded Notification he shall be entitled only to get repayment of the difference of the amount to be repaid under this Notification and the Notification under which he had received the repayment. 1TABLE Raw materials imported | Goods produced or manufactured | Extent of repayment of customs-duties | Extent of refund of sales tax (1) | (2) | (3) | (4) 1. Elastic webbing. | Hosiery articles, of all sorts | 5.25 % of the f.o.b. value | 1.15% of the f.o.b. value. 2. Rubber Strips. 2. The repayment of customs-duties and refund of sales tax authorised by this Notification shall be admissible in respect of the goods exported on or after the 29th June, 1979. Table substituted for the Notification No. S.R.O. 697(I)/80, dated 26th June, 1980 w.e.f. 29th June, 1979.