Amendment in SRO 575(I)/2006, dated 5.6.2006 relating to import of plant, machinery and equipment etc
GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, REVENUE AND ECONOMIC AFAIRS
(REVENUE DIVISION)
***
Islamabad, the 11th June, 2008.
NOTIFICATION
CUSTOMS
S.R.O. 554(I)/2008.- In exercise of the powers conferred by section 19 of
the Customs Act, 1969 (IV of 1969), and clause (a) of sub-section (2) of Section 13 of
the Sales Tax Act, 1990, the Federal Government is pleased to direct that the
following further amendments shall be made in its Notification No. S.R.O. 575(I)/2006,
dated the 5th June, 2006, namely:-
In the aforesaid Notification, -
(a) for the letters “CBR”, wherever occurring, the letters “FBR” shall
be substituted;
(b) for condition (i), the following shall be substituted, namely:-
“(i). the imported goods as are not listed in the locally
manufactured items, notified through a Customs General
Order issued by the Federal Board of Revenue (FBR) from
time to time or, as the case may be, certified as such by
the Engineering Development Board. This condition shall,
however, not be applicable in respect of S. Nos. 1, 2, 6, 15,
20, 28, 29 and 31 of the Table; and for such machinery,
equipment and other capital goods imported as plant for
setting up of a new industrial units provided the import is
made against a valid contract or an irrevocable letter of
credit for a minimum C&F value of US $ 50 millions;”.
(c) the condition (ia) and the entry relating thereto shall be omitted;
(d) in the Table, in column (1),-
(i) against S. No. 1,-
(a) in column (2),-
(i) under heading (C), against entry (5), in
column (3), after the figure “8432.4000” the
figure “8432.8090” shall be added; and
(ii) under heading (D), against entry (2), in
column (3), after the figure “8424.8100” the
figure “8424.2010” shall be added;
(ii) against S. No. 4, in column (2) after entry (15), the following new
entries and the corresponding entries relating thereto in column
(3) shall be added, namely:-
- Parts, voice cards. 8517.7000
- Other (digital call recorders) 8519.8990
- VAST terminals 8525.6040;
(iii) against S. No. 7,-
(a) in column (5), for the word “Nil” the following shall be
substituted, namely:-
“Locally manufactured goods of description as specified in
column (2) and pre-fabricated buildings can also be
imported upon fulfillment of the following conditions,
namely:-
(a) The project requirement shall be approved by the
Board of Investment (BOI). The authorized officer of
BOI shall certify the item wise requirement of the
project in the prescribed format and manner as per
Annex-B and shall furnish all relevant information
Online to Pakistan Customs Computerized System
(PACCS) against a specific user ID and password
obtained under Section 155D of the Customs Act,
1969 (IV of 1969);
(b) the exception shall be available on one time basis
for setting up of new projects and expansion of
existing ones, and shall not be available on the
spare parts.
(c) only those importers shall be eligible to avail the
aforesaid exception whose cases are recommended
and forwarded by BOI to FBR;
(d) the goods shall not be sold or otherwise disposed of
without prior approval of the FBR and the payment
of customs-duties and taxes at statutory rates be
leviable at the time of import. Breach of this
condition shall be construed as a criminal offence
under the Customs Act, 1969 (IV of 1969);”
(b) in column (2) against entries, A, B, C and E, in column (5),
for the word “Nil”, wherever occurring, the word “do” shall
be substituted;
(iv) against S. No. 8, -
(a) for the entry in column (5), the following shall be
substituted, namely:-
“(i) The Ministry of Tourism shall approve the project.
The authorized officer of the Ministry shall determine
the item wise requirement of every project
irrespective of the category of the project on the
format prescribed as Annex-B. The authorized
officer of the Ministry shall furnish all relevant
information Online to Pakistan Customs
Computerized System (PACCS) against a specific
user ID and password obtained under section 155D
of the Customs Act, 1969 (IV of 1969);
(ii) Locally manufactured goods of description as
specified in column (2) and pre-fabricated buildings
can also be imported upon fulfillment of the following
conditions, namely:-
(a) the exception shall be available on one time
basis for setting up of new projects and
expansion of existing ones, and shall not be
available on the spare parts;
(b) only those importers shall be eligible to avail
the aforesaid exception whose cases are
recommended and forwarded by Ministry of
Tourism to FBR; and
(c) the goods shall not be sold or otherwise
disposed of without prior approval of the FBR
and the payment of customs-duties and taxes
at statutory rates be leviable at the time of
import. Breach of this condition shall be
construed as a criminal offence under the
Customs Act, 1969 (IV of 1969); and
(iii) in order to avoid misuse of items or equipment
imported by hotel industry at concessional duty
rates, Ministry of Tourism shall also ensure that
these items or equipment are imported in relation to
approved room capacity and are installed in the
same hotel project and not elsewhere.”; and
(b) in column (2) against entry (ii), in column (5) for the word
“Nil” the word “do” shall be substituted;
(v) against S. No. 11, for the entry in column (5) the following shall be
substituted, namely:-
“(i) This concession shall also be available to primary
contractors of the project upon fulfillment of the following
conditions, namely:-
(a) the contractor shall submit a copy of the contract or
agreement under which he intends to import the
goods for the project;
(b) the chief executive or head of the contracting
company shall certify in the prescribed manner and
format as per Annex-A that the imported goods are
the projects bona fide requirement; and
(c) the goods shall not be sold or otherwise disposed of
without prior approval of the FBR on payment of
customs-duties and taxes leviable at the time of
import; and
(ii) temporarily imported goods shall be cleared against a
security in the form of a post dated cheque for the
differential amount between the statutory rate of customs-
duty and sales tax and the amount payable under this
notification, along with an undertaking to pay the customs-
duty and sales tax at the statutory rates in case such
goods are not re-exported on conclusion of the project.”;
(vi) against S. No. 17, in column (5), for the word “Nil” the following
shall be substituted, namely:-
“Locally manufactured goods of description as specified in
column (2) and pre-fabricated buildings can also be
imported upon fulfillment of the following conditions,
namely:-
(a) The project requirement shall be approved by
the BOI. The authorized officer of BOI shall
certify the item wise requirement of the
project in the prescribed format and manner
as per Annex-B and shall furnish all relevant
information online to Pakistan Customs
Computerized System (PACCS) against a
specific user ID and password obtained
under Section 155D of the Customs Act,
1969 (IV of 1969);
(b) the exception shall be available on one time
basis for setting up of new projects and
expansion of existing ones, and shall not be
available on the spare parts;
(c) only those importers shall be eligible to avail
the aforesaid exception whose cases are
recommended and forwarded by BOI to FBR;
and
(d) the goods shall not be sold or otherwise
disposed of without prior approval of the FBR
and the payment of customs-duties and taxes
at statutory rates be leviable at the time of
import. Breach of this condition shall be
construed as a criminal offence under the
Customs Act, 1969 (IV of 1969).”;
(vii) against S. No. 33, in column (2). -
(i) entry (84) and the corresponding entries relating thereto in
columns (3) and (4) shall be omitted;
(ii) against entry (86) in column (3), for the figures
“8537.1000”, the figures “8537.1090” shall be substituted;
and
(iii) entry (99), and the corresponding entries relating thereto in
columns (3) and (4) shall be omitted;
(viii) Sr. No. 34, and the corresponding entries relating thereto in
columns (2), (3), (4) and (5) shall be omitted; and
(ix) against S. No. 35, in column (2),-
(a) under heading (2), against entry (e), in column (3), for the
figure “8543.7000” the figure “8543.1790” shall be
substituted;
(b) under heading (3),-
(i) against entry (c), in column (3), for the figure
“8537.2000” the figure “8543.1790” shall be
substituted;
(ii) after entry (d), the following new entries and the
corresponding entries relating thereto in column (3)
shall be added, namely:-
“(e) Generator 8501.6100”;
(c) under heading (8), for entry (h), and the corresponding
entries relating thereto in column (2) and (3), the following
shall be substituted; namely:-
“(h) Sheet mixture of 3920.9900.”;
Paper and plastic; and
(d) under heading (10), after entry (c), the following new
entries and the corresponding entries relating thereto in
column (3) shall be added, namely:-
“(d) Deep cycle battery 8507.8000”.
- This notification shall take effect from the 12th June, 2008.
[C.No. 1/1/Tariff-II/2008].
(MEHMOOD ALAM)
ADDITIONAL SECRETARY