Repayment of Customs Duties and Refund of Sales Tax on Raw Materials and Components As Are Not Produ

PAYMENT OF CUSTOMS DUTIES AND REFUND OF SALES TAX ON RAW MATERIALS AND COMPONENTS AS ARE NOT PRODUCED OR MANUFACTURED LOCALLY USED IN THE MANUFACTURE OF VEHICLES, MACHINERY AND EQUIPMENT SUPPLIED TO TE PROJECT AGAINST FINANCED. Notification No. S.R.O. 960(I)/87, dated 9th December, 1987.--In exercise of the power conferred by clause (c) of section 21 of the Customs Act, 1969 (IV of 1969), and section 27F of the Sales Tax Act, 1951 (III of 1951), the Central Board of Revenue is pleased to authorize repayment of customs duty and sales tax paid on importation of the such raw materials and components as are not produced or manufactured locally used in manufacture of the vehicles, machinery and equipment supplied to the project against international tender financed out of the funds provided by a foreign aid giving agency under a bilateral aid agreement subject to the following conditions; namely The supplier will present a 'Bill of Export' under the claim of repayment of customs duties and refund of sales tax to the Assistant Collector of Customs designated for the purpose in the Collect orate in whose jurisdiction the goods have been manufactured along with a copy of the relevant international tender duly certified by the competent authority of the project to whom goods are being supplied. the bill of export will be machine numbered and processed in the same way as the normal bill of export. the goods will be examined at the place of manufacture of the goods to be supplied after the goods have been examined and the bill of export processed and completed, the officer incharge of the project will certify the quadruplicate copy of the bill of export to the effect that the goods m3entioned in the bill of export have been duly received in full with the actual date of receipt; and the claim of repayment of customs duties and refund of sales tax will be filled by the supplier in the same Collect orate where the bill of export was filed within 120 days of the delivery of goods along with the following documents. quadruplicate copy of the bill of export; the relevant invoice duly certified by the Customs; a copy of the relevant international tender duly certified by the competent authority of the project concerned to whom goods have been supplied; a certificate from the Chief, Survey and Rebate or any other officer authorized by the Board in this behalf as to the quantum of customs duties and sales tax paid on the import of components and raw materials used in the manufacture of the goods supplied against international tender; and a certificate from any bank or authorized dealer in foreign exchange stating that the payment was made in foreign currency and the foreign currency so received has been duly surrendered to the State Bank of Pakistan.