960401

CBR authorities payment of Custom duties ST refund

ISLAMABAD: Central Board of Revenue (CBR) has authorized the repayment of customs-duties and refund of sales tax paid on the importation of raw material.

The notification issued by the Board in this regard has indicated the extent of the repayment of customs- duties and refund of the sales tax on the importation of the raw materials specified and used in production or manufacture of the goods mentioned in the SRO.

Following is the text of the Notification on Customs/Sales Tax Standard:-

S.R.O. (I)/96.- In exercise of the powers conferred by clause (c) of section 21 of the Customs Act, 1969 (IV) of 1969), and sub-section (2) of section 10 of the Sales Tax Act, 1990, the Central Board of Revenue is pleased to authorize repayment of customs-duties and refund of sales tax, to the extent specified in columns (4) and (5), respectively, of the table below, paid on the importation of the raw materials specified in column (1) of the said table and used in the production or manufacture of the goods specified in column (2) thereof, and exported during the period specified in column (3) of that table, subject to the following conditions, namely:-

(i) The manufactured goods are exported out of Pakistan and an application for repayment of customs-duties and refund of sales tax is presented to the proper officer of Customs within two hundred and ten days of such exportation or of the publication of this notification, whichever is the later;

(ii) the exporter makes a declaration on the face of the original shipping bill or other export documents to the effect that he would claim repayment of the customs- duties and refund of sales tax paid on the imported raw materials used in the production or manufacture of the goods being exported; and

(iii) the exporter or manufacturer has not claimed any adjustment of input tax paid on the raw materials at the time of import against the output tax payable at the time of manufacture of finished product and the applicant produces a certificate to that effect issued by the Assistant collector (Sales Tax) in whose jurisdiction the subject goods were manufactured.

T A B L E

Raw materials Goods Period Extent of Extent of

imported. produced repayment refund of

or of Sales tax.

manufactured customs-Duties.

(1) (2) (3) (4) (5)

Per kilogram.

1. Polyester Polyester From 29.11.1994 Rs. 17.97 Rs. 8.24

chips. Filament to 23.2.1995

2. P.T.A. yarn.

3. M.E.G. From 24.2.1995 Rs. 10.85 Rs. 12.00

4. Spin finish to 29.9.1995

oil.

5. Coning From 30.9.1995 Rs.7.39 Rs. 12.00

oil. to 31.1.1996

From 1.2.1996 Rs. 8.25 Rs. 12.00

onwards.