Repayment of Customs-duties and Refund of Sales Tax on Export of Nylon

REPAYMENT OF CUSTOMS DUTY AND REFUND OF SALES TAX ON EXPORT OF NYLON 58Notification No. S.R.O. 745(I)/83, dated 18th July, 1983.--In exercise of the powers conferred by clause (c) of section 21 of the Customs Act, 1969 (IV of 1969), sub-section (2-A) of section 27 of the Sales Tax Act, 1951 (III of 1951), and in supersession of its Notification No. S.R.O. 1076(I)79, dated the 22nd, November, 1979, the Central Board of Revenue is pleased to authorise repayment of customs duties and refund of sales tax to the extent specified in column (3) and (4) respectively of the table below paid on the importation of the raw materials specified in column (1) of the said table and used in the manufacture or production of the goods specified in column (2) thereof, 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 within one hundred and twenty days of such exportation or of the publication of this Notification, whichever is the later; 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-duties and refund of sales tax paid on the imported raw materials used in the production of goods being exported. TABLE Raw materials imported | Goods produced or manufactured | Extent of repayment of customs-duties | Extent of refund of sales tax (1) | (2) | (3) | (4) Polyester texturised yarn of 150/30 den | Nylon or rayon elastic tape Max f.o.b. US $ 6.75 per kg. | 25% of the f.o.b. value | 25% of the f.o.b. value Bare rubber thread extruded from natural latex. Rayon yarn. Rubber thread. | Elastic belts Max f.o.b. US $ 2.8 per dozen. | 14% of the f.o.b. value. | 1.25% of the f.o.b. value. Polyester texturised yarn. 58. Reported as PTCL 1983 St. 788(ii).