S.R.O. 565(I)/2006, dated 5th June, 2006

SROS: S.R.O. 565(I)/2006, dated 5th June, 2006 S.R.O. 565(I)/2006, dated 5th June, 2006:- In exercise of the powers conferred by section 19 of the Customs Act, 1969(IV of 1969), and in suppression of Notification No. S.R.O. 565(I)/2005, dated the 6th June, 2005, the Federal Government is pleased to exempt raw materials, sub-components, components, sub-assemblies and assemblies, * * o] specified in column(3) of the Table below, imported for the manufacture of goods specified in column(2) of the said Table, from so much of customs-duty leviable under the First Schedule to the Customs Act, 1969(IV of 1969), as are in excess of the rates specified in column(5) of that Table, subject to certain exclusion specified below, the special conditions as specified in column(6) of the Table and the following general conditions, namely:- (i) A sales tax registered importer-cum-manufacturer having suitable in-house facilities shall submit a complete list in the prescribed format [appended as Form-I] of his annual requirement of permissible items(inputs) he intends to import for the manufacture of goods mentioned in column(2) of the Table to the Collector of Sales Tax and Federal Excise having jurisdiction or to any other organization or person as authorized by the [Federal Board of Revenue]; (ii) the importer-cHm-manufacturer shall file a request containing a declaration of input/output ratios to the Collector of Sales Tax and Federal Excise or the authorized person. The Collector or the authorized person may accept the declaration of input output ratio as declared by the applicant and determine the annual requirement of inputs 4[* * *]. In case the Collector or authorized person is not satisfied with declared input output ratios of the items to be manufactured because of their being prima-facie not in accordance with the prevalent average of the relevant industry or for any other reason, he may, after allowing a reasonable provisional quantity, make areference to the Engineering Development Board or IOCO or to any other recognized authority for final determination thereof. The Collector or authorized person shall then determine the final annual quantitative entitlement of…