S.R.O. 490(I)/2003, Islamabad, the 7thJune, 2003

SROS: S.R.O. 490(I)/2003, Islamabad, the 7thJune, 2003 GOVERNMENT OF PAKISTAN (REVENUE DIVISION) CENTRAL BOARD OF REVENUE NOTIFICATION (CUSTOMS) S.R.O. 490(I)/2003, Islamabad, the 7th June, 2003:- 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:- In the aforesaid Rules,- (1) in rule 296, in sub-rule(1),- (a) in clause(e), after the word contract the words or export purchase order shall be inserted; and (b) in clause(g),- (i) in sub-clause(i) the words and comma , polyester staple fibre shall be omitted; (ii) in sub-clause(ii) the word and, at the end, shall be omitted; (iii) in sub-clause(iii) for the full stop, at the end , the semicolon and word ; and shall be substituted; and (iv) after sub-clause(iii), amended as aforesaid, the following new sub-clause shall be inserted,- (iv) supplies against international tenders.; (2) in rule 297,- (a) in sub-rule(1) in clause(iii) after the word contract the words or export purchase order shall be inserted; and (b) in sub-rule(4),- (i) after the word export, occurring for the second time, the words and letters or EE form duly countersigned by the State Bank of Pakistan shall be inserted; and (ii) for the word five the word one shall be substituted; (3) after rule 297, amended as aforesaid, the following new rules shall be inserted, namely:- 297-A. Local procurement of duty paid input goods.- (1) At the time of furnishing an application for DTRE approval, an exporter shall declare in a separate form Appendix - 1(A), the description, quantity and value of input goods intended to be procured locally for which the said exporter desires to claim duty draw back. (2) The input goods mentioned in Appendix-1(A) shall not be included in the list of input goods mentioned in Appendix-1 for duty and tax-free imports. (3) The value of input goods as declared under sub-rule(1) in Appendix-1(A) shall not exceed 10% of the total value of input goods or such percentage as may be specified by the Export Promotion Bureau for specific goods as declared in…