S.R.O. 776(I)/2005, dated 6th August, 2005

EXEMPTION FROM CUSTOMS DUTY AND SALES TAX ON IMPORT OF MACHINERY, EQUIPMENT, APPARATUS AND ITEMS, SUBJECT TO CERTAIN CONDITIONS Notification No. S.R.O. 776(I)/2005, dated 6th August, 2005:- In exercise of the powers conferred by section 19 of the Customs Act, 1969(IV of 1969), and sub-section(2) of section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that in its Notification No. S.R.O. 575(I)/2005, dated the 6th June, 2005, the following amendments shall be made and shall be deemed to have been so made on the 6h June, 2005, namely:-- In the aforesaid Notification, in the Table,-- (1) against Sr. No. 1, in column(2), in paragraph(H), for the figure 8, the figure 6 shall be substituted; (2) against Sr. No. 5, in column(1), in column(5), for the existing entry the following shall be substituted, namely:- The Chief Executive of the importing CNG company having valid license from OGRA shall certify in the prescribed manner and from at as per Annex-A that the imported items are of approved models/brands as are covered in the Customs General Order. This concession shall remain valid up to the 30 June, 2006, subject to condition(iii) of this Notification.; (3) against Sr. No. 8, in column(1),-- (a) in column(2), in paragraph(1), for the figure 4 the figure 3 shall be substituted; (b) in column(5), against serial number(1), after the full stop, the following shall be added, namely:-- In order to avoid mis-use of items/equipment imported by hotel industry at concessional duty rates, Ministry of Tourism shall also ensure that these items/equipment are imported in relation to approved room capacity and are installed in the same hotel project and not elsewhere.; and (c) in column(2), in paragraph(2) for the figure and words 3 stars and below the words and figure below 3 star shall be substituted; (4) against Sr. No. 20 in column(1), in column(2), for the existing entry the following shall be substituted, namely:-- Machinery and equipment imported by industry or commercial importer.; and (5) after Sr. No. 25, in column(l), and the entries relating thereto in columns(2),(3),(4) and(5), the following new serial number and the entries relating…