Exemption from Customs Duty and Sales Tax on Import of Pearls, Gold and Uncut-precious and Semi-prec

REPAYMENT OF CUSTOMS DUTY AND REFUND OF SALES TAX PAID ON PALM OIL WHICH IS ACTUALLY USED IN THE MANUFACTURE OF HYDROGENATED VEGETABLE OIL Notification No. S.R.O. 499(I)/88, dated 26th June, 1988.--In exercise of the power conferred by clause (c) of section 21 of the Customs Act, 1969 (IV of 1969), and sub-section (1) of section 27F of the Sales Tax Act, 1951 (III of 1951), and in supersession of its Notification No. SRO 892(I)/86, dated the 24th September, 1986, the Central Board of Revenue is pleased to authorize the repayment of customs duties and sales tax paid on palm oil (but not palm stearin) falling under heading No. 15.11 of the First Schedule to the Customs Act, 1969 (IV of 1969), and which is actually used in the manufacture of hydrogenated vegetable oil (commonly known as vegetable ghee) but not exceeding 65 per cent of the quantity manufactured, as certified by the authorized Central Excise Officer according to the procedure prescribed by the Central Board of Revenue in this behalf, and subject to the conditions specified in column (1) and to the extent specified in column (2) and (3) of the table below:- TABLE S.No. | Conditions | Customs Duty | Sales Tax (1) | (2) | (3) | (4) (a) | If the duty is paid at the rate of Rs. 5350.00 or Rs. 6000.00 per metric ton | Rs. 3000.00 per metric ton | Nil (b) | If the duty is paid at the rate of Rs. 5450.00 per metric ton and sales tax is paid at the rate of 12-1/2% | Rs. 1800.00 per metric ton | Whole (c) | If the duty is paid at the rate of Rs. 5250.00 per metric ton | Rs. 3000.00 per metric ton | Nil (d) | If the duty is paid at the rate of Rs. 6250.00 per metric ton | Rs. 3000.00 per metric ton | Nil 2 (e) | If the duty paid after the 26th June, 1988 | Rs. 3000.00 per metric ton | Nil 2. Added by Notification No.S.R.O.177(I)/89,dated 28th February, 1989, reported as PTCL 1989 St.449(i).