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020821
THE GAZETTE OF PAKISTAN
ISLAMABAD, THURSDAY, AUGUST 22, 2002
PART-II
Statutory Notifications (S.R.O.)
GOVERNMENT OF PAKISTAN MINISTRY OF COMMERCE
ORDER
Islamabad, the 21st August, 2002
S.R.O.
539 (1)/2002.--- 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 that the following further amendments shall
be made in the Import and Procedures Order 2000, namely:-
In the
aforesaid Order,-
(a) in paragraph 2,--
(i) clauses (b), (g) and (i) shall be omitted; and
(ii) in clause (i) the commas, words, brackets and figure, "and is registered
as such under the Registration (Importers and Exporters) Order, 1993" shall
be omitted; and
(b) paragraph
4, shall be omitted;
(c) for paragraph 5, the following shall be substituted,
"5.
Basis of imports,--(1) Imports may be made against all modes of payment subject
to procedures prescribed by the State Bank of Pakistan from time to time:
Provided
that the private sector concerns may enter into Commodity Exchange 'Arrangement
subject to the procedure notified by the State Bank of Pakistan.
(2) For
the purposes of proper classification of products being imported the First Schedule
to the Customs Act, 1969 (IV of 1969) shall be referred to and shall have effect
accordingly.
(3) Imports
under loans credits or bilateral assistance that require the contract to be
approved by Economic Affairs Division, or some other agency of Government of
Pakistan. Letter of Credit shall have to be established within sixty days of
registration of contract with a bank designated by the State Bank of Pakistan.
(4) Public sector agencies shall open Letter of Credit through a bank designated
by the State Bank of Pakistan";
(d ) in
paragraph 6,-
(i) in
sub-paragraph (1) in the proviso for the words, comma and figure "the No
Duty No Drawback Rules, 1998" the words, comma and figures "Duty and
Tax Remission for Export as provided in sub-chapter 7 of chapter XII of the
Customs Rules, 2001" shall be substituted;
(ii) in
sub-paragraph (6), the words letters and full stop "Banks and Customs authorities
shall ensure fulfillment of these conditions at the time of establishment of
LC's and clearance of goods" shall be omitted; and
(iii) After
sub-paragraph (17), the following new sub-paragraphs shall be added, namely:-
"(18) Import of edible oil in bulk quantity shall be on landed weight and
quality basis.
(19) Banks and Customs shall also ensure that all requirements, conditions,
and restrictions etc., as set out in this Order are duly complied with";
(e) paragraph
9 shall be omitted ;
(f) in
paragraph 10, in the proviso, -
(i) for
the figure "15,000" the figure "30,000" shall be substituted;
and
(ii) after the full stop, at the end, the words, comma and full stop "Industrial
users who are also exporters may import spares, etc., beyond this limit subject
to a maximum of five per cent of their last year's exports'" shall be added
; and
(g) in
paragraph 17, in the proviso,-
(i) for
the word "Central Board of Revenue" the word "Federal Government"
shall be substituted ; and
(ii) after the word "specify", the words "from time to time"
shall be inserted.
[No. 2 (6),/2002-R-O. (Imp. I]
ASIF MAHMOOD,
Deputy Secretary,
