NOTIFICATION

CUSTOMS

S.R.O. 478(I)/2003. - In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), and sub-section (1) of section 13 of the Sales Tax Act, 1990 (VII of 1990), the Federal Government is pleased to direct that in its Notification No. S.R.O. 367(I)/94, dated the 9^th May, 1994, the following further amendment shall be made and shall be deemed to have been so made on the 15^th June, 2002, namely: -

In the aforesaid Notification, in the Table, in column (1) against serial No. 9, for the entries in column (4), (5), and (6) the following shall be substituted, namely: -

“(i)

Oil transmission, distribution companies, corporations and organizations entitled to avail exemption under this notification.

Whole

Nil

(ii)

Consumables or chemicals shall be importable by the oil transmission, distribution companies, corporations and organizations only during the construction stage of the project.

Whole

Nil

(iii)

The oil pipeline project including its contractors and sub-contractors for the purpose of construction and erection of the project may import equipment, specialized vehicles on an import-cum-export basis against a corporate guarantee equal to the value of import duties and taxes that would have otherwise been payable on import. Should the goods not be exported on the conclusion of the project or transferred with the approval of the relevant Regulatory Authority to another duty free pipeline project then the company, corporation and organization concerned shall be liable to pay duty and taxes chargeable on importation.”.

Whole

Nil

(C.No. 1(2)Mach./2003-Pt.II)

(ZAFAR UL MAJEED)

ADDITIONAL SECRETARY