The federal government has exempted coal mining equipment and machinery including vehicles used on site (not manufactured locally) and imported for Thar Coal field from payment of customs duty. The FBR has issued S.R.O. 268(I)/2015 here on Friday, in this regard.
According to the notification, the FBR has exempted coal mining equipment and machinery including vehicles for site use, if not manufactured locally, imported for Thar Coal Field from whole of customs duty subject to the laid down conditions:
Firstly, the exemption shall be available to those mining companies or their authorised operators or contractors who hold permits, licences, leases and who enter into agreements with the Government of Pakistan or any of the Provincial Government.
Secondly, the goods shall not be sold or otherwise disposed of without prior permission/ approval of the Board and the payment of customs duties and sans taxes leviable at the time of import. These shall, however, be allowed to be transferred to other entitled mining companies with prior approval of the Board.
Thirdly, the Chief Executive, or the person next in hierarchy duly authorised by the Chief Executive or Head of the importing company shall certify in the prescribed manner and format as per Annex-A that the imported items are the company's bona fide requirement. He shall furnish all relevant information online to Pakistan Customs Computerised System against a specific user ID and password obtained under Section 155D of the Customs Act, 1969 (IV of 1969). In already computerised Collectorates or Customs stations where the Pakistan Customs Computerised System is not operational, the Director Reforms and Automaton or any other person authorised by the Collector in this behalf shall enter the requisite information in the Pakistan Customs Computerised System on daily basis, whereas entry of the data obtained from the customs stations, which have not yet been computerised shall be made on weekly basis.
The importer would certify that the description and quantity mentioned above are commensurate with the project requirement and that the same are not manufactured locally. It would be further certified by the importer that the items shall not be used for any other purpose.
In case of clearance by Pakistan Customs Computerised System, the requisite information shall be furnished on line against a specific user ID and password obtained under section 155D of the Customs Act, 1969, it added.
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