Search With in the site

To get the information about the latest upcoming Exhibition and their concerned status Click Here.

 

What happened in last meeting and what's in next meetin with outline of things to be done Click Here

 

Do you interested to sell your valuable products or purchase some items .Let's visit this link Click Here

For Member, Write ID & Password

 

Other Relevant S.R.O.

Revenue Division.

Page 1 2 3

NOTIFICATION
Islamabad, the 29th March, 2008.
(CUSTOMS/SALES TAX/FEDERAL EXCISE)

S.R.O.327(I)/2008.–– In exercise of the powers conferred by section 219 of the Customs Act, 1969 (IV of 1969), section 50 of the Sales Tax Act, 1990, and section 40 of the Federal Excise Act, 2005, the Federal Board of Revenue is pleased to make the following rules, Download

≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ¤ ¤ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈

NOTIFICATION
Islamabad, the 1st January, 2008.
(CUSTOMS)
S.R.O. 01(I)/2008.–- In exercise of the powers conferred by clause (c) of section 21 of the Customs Act, 1969 (IV of 1969), and in supersession of its Notification No. S.R.O. 611(I)/2007, dated the 16th June, 2007, the Federal Board of Revenue is pleased to authorize repayment of customs–duties to the extent specified in column (5) of the Schedules below, paid on the importation of the raw materials specified in column (1) of the said Schedules, used in the production or manufacture of the goods specified in column (2) of those Schedules and exported during the period specified in column (4) thereof, subject to the following conditions, Download

THE FIRST SCHEDULE
[See clause 3(52)]


AMENDMENT IN THE CUSTOMS ACT, 1969 (IV OF 1969)In the Customs Act, 1969 (IV of 1969), in the First Schedule, against HS Code, specified in column (1), of the table below, for the entries relating to the "Description" Duty rate the following corresponding entries in columns (2) and (3) of the table shall be substituted, namely:-         Download

CUSTOMS GENERAL ORDER
C.No.2(10)Tar.II/97. Islamabad the 6th June, 2005.
NO.14/2005


SUBJECT :       ASSESSMENT OF MOTOR VEHICLES.


The Central Board of Revenue is pleased to prescribe the following procedure for assessment of motor vehicles in order to ensure its uniform application at all Customs stations throughout the country: -

(i) The FOB value of a motor vehicle at the time of its manufacture, as certified by the manufacturers or their authorized local agents shall be accepted.

(ii) In case of domestic models, for which the FOB values are not provided by the manufacturers, the FOB values certified by the manufacturers or their authorized agents in case of export models of similar vehicles shall be loaded by 5% on the C&F value.

(iii) The local agent's commission and other incidental charges, if any, shall be added to the so ascertained FOB value, if not already included in the price certified by the manufacturers or their authorized local agents.

(iv) The actual amount of ocean/air fright as calculated from the country of original manufacture shall be added for the purpose of arriving at the C&F value of the imported vehicle.

(v) Actual amount of insurance in the country of manufacture or first registration shall also be added in order to arrive at the CIF value. However, in case of non-availability of insurance memo for any reason, an amount equivalent to 1% of C&F value shall be included.

(vi) Landing charges @ 1% of the sum total of CIF value shall be added to the price in order to arrive at the assessable value.

(vii) The value of optional/additional accessories shall also be included in the assessable value of the vehicle, which shall be subjected to the rate of duty and taxes applicable to the vehicle in which the accessories are fitted.

(viii) Customs duties and taxes shall be worked out on the basis of prescribed rates at the time of filing of the goods declaration (GD) except for old and used vehicles for which a cumulative amount of all leviable duties and taxes has been notified in the Gazette. 2. Depreciation in the assessable value, for the purpose of assessment shall be allowed on the import of used/second hand motor vehicles at the rate of 1% per month for vehicles upto 1800cc in case of each completed month, calculated from the date of first registration abroad upto the date of entry into Pakistan, subject to a maximum of 50%. The rate of depreciation in the case of vehicles above 1800cc shall be 2% per month, subject to a maximum of 50%. 3. This order shall take effect from 6th June, 2005, in supersession of Customs General Order No.10/2004 dated 31-08-2004.

FAZAL YAZDANI KHAN
Secretary (Customs Tariff

≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ¤ ¤ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈

S.R.O. 563 (I)/2005
Islamabad,the 6th June, 2005.
(CUSTOMS)

In exercise of the powers conferred by section 219 of the Customs Act, 1969 (IV of 1969), the Central Board of Revenue is pleased to direct that the following further amendments shall be made in the Customs Rules, 2001, namely:-      Download

Page 1 2 3