S.R.O. 327(I)/2008, Islamabad, the 29th March, 2008

SROS: S.R.O. 327(I)/2008, Islamabad, the 29th March, 2008 THE EXPORT ORIENTED UNITS AND SMALL AND MEDIUM ENTERPRISES RULES, 2008 S.R.O. 327(I)/2008, Islamabad, the 29th March, 2008:- In exercise of the powers conferred by section 219 of the Customs Act, 1969(IV of 1969), section 50 of the Sales Tax Act, 1990, and section 40 of the Federal Excise Act, 2005, the Federal Board of Revenue is pleased to make the following rules, namely:- THE EXPORT ORIENTED UNITS AND SMALL AND MEDIUM ENTERPRISES RULES, 2008 1. Short title, application and commencement (1) These rules shall be called the Export Oriented Units and Small and Medium Enterprises Rules, 2008. (2) These rules may be applicable only to the units licensed as export oriented units which are registered as manufacturers-cum-exporters under the Sales Tax Act, 1990, and the rules made thereunder. (3) These rules shall come into force at once. 2. Definitions- (1) In these rules, unless there is anything repugnant in the subject or context, (a) Acts means the Customs Act, 1969 (IV of 1969), the Sales Tax Act, 1990, and the Federal Excise Act, 2005; (b) analysis certificate means a certificate issued by the Collector of Customs under rule 9; (c) Collector, in relation to an export oriented unit, means the Collector of Customs in whose jurisdiction such unit is established unless otherwise specified; (d) export oriented unit includes a small and medium enterprise and means a manufacturer having in-house manufacturing facility located in the tariff area of Pakistan and licensed as such by the Collector under rule 3, and exporting, (i) at least 80% of its production to other countries if established before 1st July, 2007; or (ii) 100% of its production to other countries if established on or after 1st July, 2007, and licensed by the Collector of Customs under rule 3; (e) import in relation to an export oriented unit means import from abroad and includes goods introduced into an export oriented unit from the tariff area; (f) input goods means all goods whether imported or procured locally by an Export Oriented Unit from the tariff area such as raw materials, accessories, sub-components, components, assemblies,…