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SRO I was issued on the 22
nd of June 2006 with the sole objective of providing relief from so much of the customs duty as was in excess of the concessionary and the statutory rates specified in the Customs Act for the Vendors only. SRO I was also issued simultaneously
and for the same purpose, except that its beneficiary was the OEM category of the sector. Both SROs require the new entrants and those wishing to the benefits conferred shall make an application for the same both, respectively, initially and annually thereafter which will contain
the following information 1. Proof that he is/will be registered as a Sales Tax Payer
2. List of equipment installed complying with
the requirements specified 3. Submit hard and soft copy of list of components with parts numbers along with respective PCT headings intended to be imported
4. the input output ratio of the items to be manufactured and total annual requirements of materials These are then verified by the EDB and forwarded to the FBR as described above. At the time of importing the inputs the licensed OEM/Vendor is required to certify that the import complies with his annual entitlement. Through SRO I the additional duties levied areas shown in Table 3.2.
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