S.R.O. 993(I)/2006, Islamabad, the 21st September, 2006

SROS: S.R.O. 993(I)/2006, Islamabad, the 21st September, 2006 REPAYMENT-CUM-DRAWBACK OF SALES TAX AND FEDERAL EXCISE DUTY TO THE REGISTERED PERSON ON THE EXPORT OF VEGETABLE GHEE, COOKING OIL AND MARGARINE Notification No. S.R.O. 993(I)/2006, dated 21st September, 2006.- In exercise of the powers conferred by section 61 of the Sales Tax Act, 1990, and sub-section (2) of section 5 of the Federal Excise Act, 2005, the Central Board of Revenue is pleased to allow composite repayment-cwm-drawback of sales tax and federal excise duty to the registered person on the export from Pakistan of vegetable ghee 1[cooking oil and margarine] at the rates mentioned against each in column (3) of the Table below subject to the conditions specified in paragraph 2. 2[TABLE S. No. Description Repayment-cum-drawback rate 1 2 3 1 Vegetable (i) Rs. 6.62 per kg. for export made during 1st January, 2007 to 30th June, 2007. Rs. 6.96 per kg for exports made during 1st July, 2007 to 10th September, 2007. 90% of federal excise duty paid at import stage on the same quantity of edible oil as exported, including the duty paid under the Notification No. S.R.O. 24(I)/2006, dated the 7th January, 2006, for exports made on or after 11th September, 2007: Provided that 90% of federal excise duty shall be worked out by taking average of all imports as made by the exporter during the last month prior to the month of export and in case edible oil was not directly imported by the exporter then on the basis of goods declaration of the importer from whom purchases of edible oil were made. 3[(iv) ****] 2 Cooking oil Rs. 6.69 per kg 3 Margarine Rs. 5.97 per kg.] 2. The repayment-cum-drawback under this notification shall be admissible subject to the fulfilment of the following conditions, namely:- (i) only branded products shall be entitled to the aforesaid repayment-cwm-drawback; (ii) the exporter shall file claim to the concerned 4[Collector of Sales Tax and Federal Excise] for the repayment-cum- drawback on monthly basis, as and if due; (iii) commercial exporters shall be entitled to the repay men t-cum- drawback provided they make direct procurements from the registered ghee or oil manufacturing units;…