Exemption and Release of Certain Imported Goods Without Customs Duty and Sales Tax Against Guarantee

EXEMPTION AND RELEASE OF CERTAIN IMPORTED GOODS WITHOUT CUSTOMS DUTY AND SALES TAX AGAINST GUARANTEE ETC. 78Notification No. S.R.O. 496(I)/84 dated 11th June, 1984.--In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), and sub-section (1) and (2) of section 7 of the Sales Tax Act, 1951 (III of 1951), the Federal Government is pleased to directed that with immediate effect, raw materials specified in table below shall be allowed release against bank or insurance guarantee equal to the customs-duties and sales tax chargeable thereon, if imported by an approved industrial unit for the local manufacture of solar cell modules, subject to the following conditions, namely:- the manufacturer has suitable in-house facilities to manufacture the items in respect of which he claims exemption under this Notification; the manufacturer shall furnish to the Chief, Survey and Rebate or any other officer authorised by the Central Board of Revenue in this behalf in the prescribed form the list of goods that he is manufacturing or intends to manufacture alongwith details of the raw materials required and components required, and the Chief or such authorised officer, in consultation with the Collector of Customs or the concerned Government Department will certify the annual capacity of the unit for the unit for the manufacture of solar cell modules and total annual requirements of raw materials alongwith the quantity required for the manufacture of each item; at the time of import of raw materials and components the manufacturer shall make a written declaration on each copy of bill of entry to the effect that the raw materials have been imported in accordance with his entitlement in terms of conditions (ii) and (iii); the manufacturer shall furnish to the Collector of Customs a bank guarantee equivalent to the customs-duty and sales tax leviable on each consignment or a standing bank guarantee or insurance guarantee for covering multiple consignments subject to the satisfaction of the Collector of Customs; the manufacturer shall maintain record of the raw materials and the items manufactured out of them in such form as may be prescribed by the Central Board of Revenue; and the manufacturer shall, within one year of the date of importation of the raw materials apply to the Collector of Customs for discharging the bank guarantee or insurance guarantee, the application being supported by a certificate in the form set out below issued by the Assistant Collector, Central Excise and Land Customs, within whose jurisdiction the manufacturing unit is located. FORM Certificate No. _______________ dated ________________________________ I _____ ______(Name of the Officer) ________________ Assistant Collector of Central Excise and Customs ____________(Place of posting) _______ am satisfied that the raw materials imported by Messrs ______________________________under provisions of SRO ______________ against bank guarantee or insurance guarantee vide bill of entry No ._______________ dated the _________________have been used for the manufacture of ____________(Name of items to be mentioned)___________ in accordance with the scale laid down by the Chief (Survey & Rebate), vide certificate No _________________ dated the _______________________. I am also satisfied that all the deleted components have been manufactured locally. Stamp and Signature] TABLE Chapter | Description of goods | Items to be manufactured 28 or 38 | Silicone in all forms. | Solar cell or solar cell modules. 32 or 71 | Silver Powder suspension. 39 | Silicone resin. 39 | Silicone rubber. 78. Also reported as PTCL 1984 St. 436.