S.R.O. 115(I)/2008, dated 6th February, 2008

SROS: S.R.O. 115(I)/2008, dated 6th February, 2008 THE FEDERAL GOVERNMENT IS PLEASED TO EXEMPT, FOR A PERIOD OF FORTY YEARS, THE WHOLE OF SALES TAX CHARGEABLE ON THE IMPORTS AND SUPPLY OF MATERIALS AND EQUIPMENTS FOR CONSTRUCTION AND OPERATION OF GAWA Notification No. S.R.O. 115(I)/2008, dated 6th February, 2008:- In exercise of the powers conferred by clause(a) of sub-section(2) of section 13 read with sub-section(1) of section 71 of the Sales Tax Act, 1990, the Federal Government is pleased to exempt, for a period of forty years, the whole of sales tax chargeable on the imports and supply of materials and equipments for construction and operation of Gawadar Port and development of Free Zone for Gawadar Port and Ship Bunker Oils bought and sold to the ships calling on/visiting Gawadar Port by the operating companies having concession agreement with the Gawadar Port Authority subject to the following conditions and procedure, namely,-- A. Conditions and procedure for imports.- (i) This exemption shall be admissible only to these companies which hold the Concession Agreement; (ii) Ministry of Ports and Shipping shall certify in the prescribed manner and format as per Annex-I that the imported materials and equipments are bona fide requirement for construction and operation of Gawadar Port and development of Free Zone for Gawadar Port. The authorized officer of that Ministry shall furnish all relevant information online to Pakistan Customs Computerized System(PACCS) against a specific user ID and password obtained under section 1SSD of the Customs Act, 1969(IV of 1969). In already computerized Collectorate or Customs station, where the PACCS is not operational, the Project Director or any other person authorized by the Collector in this behalf shall enter the requisite information in the Customs Computerized System on daily basis, whereas entry of the data obtained from the customs stations which have not yet been computerized shall be made on weekly basis, provided that this condition shall not apply to ship bunker oils; and(iii) The goods so imported shall not be sold or disposed of without prior approval of the FBR and payment of sales tax leviable at the time…