Repayment of Customs Duty and Refund of Sales Tax Paid on Importation of the Raw Materials and Compo

REPAYMENT OF CUSTOMS DUTY AND REFUND OF SALES TAX PAID ON IMPORTATION OF THE RAW MATERIALS AND COMPONENTS, WHICH ARE NOT LOCALLY MANUFACTURED, AS PER USED IN THE MANUFACTURE OF SOUND RECORDING CASSETTES, SUPPLIED TO THE RECOGNIZED UNITS OF SOUND RECORDING INDUSTRY 67Notification No. S.R.O. 1160(I)/88, dated 17th December, 1988.--In exercise of the power conferred by section 19 of the Customs Act, 1969 (IV of 1969), and section 27F of the Sales Tax Act, 1951 (III of 1951), and in supersession of its Notification No. S.R.O.839(I)/87, dated the 24th October, 1987, the Central Board of Revenue is pleased to authorize repayment of the whole of customs duty and sales tax paid on importation of the raw materials and components, which are not locally manufactured, as are used in the manufacture of sound recording cassettes, supplied to the recognized units of sound recording industry, for the purpose of recording thereon, subject to the conditions that the importer-cum-manufacturer shall:- the manufacturer shall have suitable in-house facilities to manufacture sound recording cassettes; furnish to the Chief Survey and Rebate or any other officer authorized by the Central Board of Revenue in this behalf in the prescribed form, the detail of raw materials and components required and the Chief or the authorized officer, as the case may be, in consultation with the Collector of Customs or the concerned Government Department will certify the annual requirement of various types of raw materials along with the quantities required for the manufacture of each item; obtain certificate from the Chief Survey and Rebate, or any other officer authorized by the Central Board of Revenue in this behalf, as to the quantum of customs duty and sales tax paid on the importation of the raw materials and components used in the manufacture of sound recording cassettes being supplied; maintain record of the raw materials and components and the items manufactured out of them in such form as may be prescribed by the Central Board of Revenue; produce a certificate from the concerned sound recording unit, duly verified by the Assistant Collector, Customs and Central Excise of the area, that sound recording cassettes have been actually supplied to such a unit. during such verification it shall be verified whether the sound recording unit has sufficient capacity to utilize the sound recording cassettes supplied to it, which shall be done by comparing the supply of such cassettes to it which the last year's production of the concerned sound recording unit. apply and obtain a certificate in the form set out below from the Assistant Collector, Customs and Central Excise, in shose jurisdiction the manufacturing unit is located; and 2. The repayment shall be made only if an application is made to the Collector of Customs from whose jurisdiction the raw materials and components were cleared within 120 days of the date of supply of the audio cassettes to the approved recording industrial unit. 3. This notification shall be deemed to have taken effect from the 7th July, 1987. FORM-I Certificate No.________________dated __________I________(Name of Officer)________ Assistant Collector, Customs and Central Excise _______(Place of posting)_______________am satisfied that the quantities of the raw materials and components imported by Messrs____________________ vide bill of entry No.________________dated___________ have been used for the manufacture of __________(Items to be mentioned)________________________in accordance wit the scale laid down by the Chief, Survey and Rebate vide certificate No_______________dated___________ and goods have been supplied to M/s.___________(Name of sound recording unit)__________which is recognized unit of sound recording industry. Stamp and Signature FORM-II Register of sale of goods manufactured from raw materials and components including chassis imported under Notification__________________________(give No. and date SRO). Description of raw materials and components | Quantities imported | Quantities utilized | No. of cassettes manufactured | No. of cassettes supplied to the recording industry (1) | (2) | (3) | (4) | (5) 67. Reported as PTCL 1989 St.759.