Repaymetn of Customs Duties and Refund of Sales Tax on Export of Grey Cotton, Dyed/ Printed Cloth

REPAYMENT OF CUSTOMS DUTIES AND REFUND OF SALES TAX ON EXPORT OF GREY COTTON, DYED /PRINTED CLOTH Notification No. S.R.O. 672(I)/89, dated 27th June, 1989.--In exercise of the power conferred by clause (c) of section 21 of the Customs Act, 1969 (IV of 1969), and sub-section (2-A) of section 27 of the Sales Tax Act, 1951 (III of 1951), and in supersession of its Notification No. SRO1018(I)/80 dated the 8th May, 1980, the Central Board of Revenue is pleased to authorize repayment of customs duties and refund of sales tax to the extent specified in column (2) and (3) respectively of the table below paid on importation of the raw materials used in the production or manufacture of importation of the raw materials used in the production or manufacture of goods specified in column (1) of the table, subject to the following conditions, namely:- the manufactured goods are exported out of Pakistan and an application for repayment of customs duties and refund of sales tax is presented to the proper officer of Customs of sales tax within two hundred and ten days of such exportation or of the publication of this Notification, whichever is the later; and the exporter makes a declaration on the reverse of the original shipping bill or other export documents to the effect that he would claim repayment of customs duty and refund of sales tax paid on imported raw materials used in the production of goods being exported. TABLE Goods produced or manufactured | Extent of repayment of customs duties | Extent of refund of sales tax (1) | (2) | (3) 1. Grey cotton cloth including grey cotton bags, bedsheets and pillow cases | 0.37% of the f.o.b value | 0.11% of the f.o.b value 2. Dyed/Printed cloth, dyed or screen Printed cotton cloth and tapestry cloth | 8.00% of the f.o.b value | 2.00% of the f.o.b value 55. Reported as PTCL1989 St. 729