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010428
The Gazette of Pakistan
ISLAMABAD, SATURDAY, APRIL 28, 2001
PART II
Statutory Notification (S.R.O.)
GOVERNMENT OF PAKISTAN
MINISTRY OF COMMERCE
ORDER
Islamabad, the 28th April, 2001
S.R.O. 251 (1)/2001.-- In exercise of
the powers conferred by sub-section (1) of section 3 of the Imports and Exports (Control)
Act, 1950 (XXXIX of 1950), the Federal Government is pleased to direct that the following
amendments shall be made in the Textile Quota Management Policy Order, 2001, namely:-
In the aforesaid under:-
(i) in paragraph 3, in sub-paragraph (3), for the figure, letters and word "31st
January" the figure, letters and word "28th February" shall be substituted.
(ii) in paragraph 5, --
in sub-paragraph (1).
(a) for the commas and words "auction, reward and or on first-come-first basis"
the words "auction and reward" shall be substituted"; and
(b) after sub-paragraph (2), the following new paragraph shall be added, namely:-
"(3) the last date to apply for carry over shall be the 31st March of each
year";
(iii) in paragraph 8, in sub-paragraph (1),-
(a) for the entry (iii) the following shall be substituted, namely:-
| "third quarter |
0.5%; and"; and |
(b) in entry (iv) for the figure "I" the figure "15% shall be substituted;
(iv) in paragraph-II, in sub-paragraph (3), for clauses (a) and (b) the following shall be
substituted, namely:-
"(a) Reservation basis.-- Exporters who have no quota for that category available in
their passbooks or who have utilized 70% of their net quota, may reserve
first-come-first-served quantities. Subject to availability, on depositing with the Export
Promotion Bureau, through Bank Guarantee, a security deposit equal to 3%, 5% and 7.5% of
last years average f.o.b. price for reservation upto 60 days, 120 days and 180 days
respectively. The security deposit shall be refunded in proportion to utilization. Once a
reservation has been made the exporter shall not be allowed to transfer out for his
pass-book, any quantities for that category. Provided that not more than 30% of the
quantity available under first-come-first-served basis for a particular category will be
allowed for Reservation basis; and
(b) Post shipment basis.-- Exporters may also ship first-come-first served categories and
quantities, without any reservation, and subsequently apply for visas and export license.
However, in such a situation allocation can not be guaranteed and exporters will be making
the shipments at their own risk; and
(v) in paragraph 13, in sub-paragraph (1), the words, letters and comma "and the
Textile Associations shall obtain HS Code from the exporter and indicate it in the visa,
export license and certificate of origins ensuring that no misdeclaration of the quota
categories and description of products is made by their members" shall be omitted.
Sd/-
ABUBAKAR G. BULLO,
Section Officer.
