Exemption from Customs Duty and Sales Tax on Import of Certain Goods by Fishermens Cooperative Socie

EXEMPTION FROM CUSTOMS DUTY AND SALES TAX ON IMPORT OF CERTAIN GOODS BY FISHERMEN'S COOPERATIVE SOCIETY 24Notification No. S.R.O. 540(I)/89, dated 3rd June, 1989.---In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), and section 7 of the Sales Tax Act, 1951 (III of 1951), the Federal Government is pleased to exempt the goods specified in column(1) of the table below and falling under heading / sub-heading numbers of the First Schedule to the Customs Act, 1969 (IV of 1969), specified in column (2) of the said table, from the whole of Customs-duties and Sales Tax leviable thereon, if imported by Fishermen's Cooperative Society, subject to the following conditions, namely:-- a certificate from Ministry of Agriculture and food or the Director of Fisheries of a Provincial Government recorded on the body of the bill of entry certifying that the articles shall be used exclusively in an approved project or programme relating to the fishing industry or will be sold to the poor fishermen at the prices fixed by the Government shall be submitted to the Collector of Customs at the time of each import; the Fishermen's Cooperative Society shall execute a bond, in such form and in such sum as may be prescribed by the Collector of Customs, binding itself to pay the whole of the customs-duties and sales tax if it does not satisfy the Collector, within nine months of the importation of the articles, by producing evidence attested by the Provincial Department of Fisheries that the articles have been used in an approved project or programme related to the fishing industry or have been sold to the poor fishermen at the prices fixed by the Government: Provided that, in any particular case, the aforesaid period of nine months may , on sufficient cause being shown, be extended by the Collector of Customs by such further period as he may deem fit. TABLE Name of Articles | Heading / Sub-Heading Marine diesel engines | 8408.1000 Nylon twine and yarn for making fishing and trawl net | Respective sub-headings of heading No.s54.02 and 56.07. Plastic Floats | 39826.9020 24. Reported as PTCL 1989 St.549