Exemption from Customs Duty in Excess of 25% and Whole of the Sales Tax on the Import of Television

EXEMPTION FROM CUSTOMS DUTY IN EXCESS OF 25% AND WHOLE OF THE SALES TAX ON THE IMPORT OF TELEVISION COMPONENTS AND MATERIALS BY RECOGNIZED MANUFACTURERS OR ASSEMBLER OF T.V. 8Notification No. S.R.O. 505(I)/89, dated 3rd June, 1989.--In exercise of the power conferred by section 19 of the Customs Act, 1969 (IV of 1969), and sub-section (1) of section 7 of the Sales Tax Act, 1951 (III of 1951), the Federal Government is pleased to exempt, television components and materials as are specified in the table below from so much of the customs duty chargeable thereon as are in excess of 25% ad val. and the whole of sales tax on import by a recognized manufacturer or assembler of television reception apparatus, subject to the following conditions, namely:-- the manufacturer or assembler has suitable in-house facilities for progressive manufacture television reception apparatus. the manufacturer or assembler shall furnish to the Chief Survey and Rebate, Central Board of Revenue or any other officer authorized by it in this behalf in the prescribed form, the details of materials and components required and the Chief, Survey ad Rebate or such authorized officer in consultation with the Collector of Customs or the concerned Government Department will certify the annual requirement of materials and components for the manufacture of each item; at the time of import of raw material and components the manufacturer shall make a written declaration on the bill of entry to the effect that the raw material and components have been imported in accordance with his entitlement in terms of condition (ii) above; the manufacturer shall, at the time of importation of the components and materials, furnish bond to the Collector of Customs to abide by the conditions laid down in this notification failing which he will pay the amount of customs duties and sales tax exempted under this notification and make payment of any penalties that may be imposed by Collector of Customs in this behalf; the manufacturer or assembler shall maintain record of the raw materials and components and the items manufactured out of them in such form as are prescribed under Central Excise and Salt Rules, 1944; the manufacturer or assembler shall, within one year of the date of importation of the components, apply to the Collector of Customs for discharging the bond, the application being supported by a certificate in the Form-I set out below issued by the Assistant Collector, Central Excise and Customs, within whose jurisdiction the manufacturing unit is located; and the manufacturer shall maintain in Form-II set out below a record of sale of the items manufactured under this notification and shall produce, on demand, such record and other evidence of sale, as may be required for inspection by an officer of Customs not below the rank of Assistant Collector of Customs authorized by the Collector of Customs in whose jurisdiction the manufacturing unit is located or any other officer authorized by the Central Board of Revenue on this behalf. TABLE S.No. | Description | Heading/subheading Nos.in the First Schedule to the Customs Act, 1969 (IV of 1969) (1) | (2) | (3) 1 | Capacitors | 8532.1000, 8533.2100, 8532.2200, 8532.2300, 8565.2400, 8532.2500, 8532.2900, 8532.3000 2. | Tuner parts/ Components | Respective numbers 3. | Cathode Ray tube | 8540.1100 & 8540.1200 Explanation:- For the purposes of this notification, unless otherwise specified component shall mean an individual part shaped, fashioned fabricated or otherwise manufactured from one piece of metal or other serial and not joined or connected to another part or component or material except through a welding process. FORM-I Certificate No.________________dated _________________I____(Name of Officer)_________ Assistant Collector, Customs and Central Excise _______(Place of posting______________am satisfied that the raw material andcomponents imported by Messrs______________________under the provisions of S.R.O._________________________against bank guarantee or insurance guarantee vide bill of entry________No._____dated___________ have been used for the manufacture of __________(Items to be mentioned)________________________in accordance with the scale laid down by the Chief, Survey and Rebate vide certificate No____________________dated_______________________ 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). S.No. | Item Sold | Name and address of the party to whom sold | Quantity sold | Date of Sale | No. and date of the consumption certificate relating to the item sold. (1) | (2) | (3) | (4) | (5) | (6) 8. Reported as PTCL 1989 St. 500.