The new list would help in determining whether the imported goods at concessionary rates of taxes is locally manufactured or not. The FBR said that the goods detailed in the appended list of this CGO are manufactured locally. This list is compiled and updated by the Engineering Development Board in consultation with stakeholders. Henceforth the appended list of locally manufactured goods is applicable for reference purposes to all the exemptions/concessionary notifications.
The Collectors of Customs and the staff responsible for allowing concessions under different notifications/orders are advised to follow the new list for the purposes of allowing concessions from customs duties and sales tax etc. The information if any, along with evidence regarding the local manufacture of goods, not indicated in the list, may be forwarded to the FBR forthwith so that the list of locally manufactured goods/items is up-dated in consultation with the Engineering Development Board.
The Collectors are, however, authorised to allow release of goods/items indicated in the list of locally manufactured goods/items against bank guarantee for a period of three months if the importer produces a certificate issued by the renowned local manufacturers of the disputed items from Engineering Development Board stating that the imported item is not being manufactured locally and the importer shall produce a clarification from ERR to this effect within the above stated period of three months. This Customs General Order supersedes CGO 11/2007, dated 28th August 2007 and all other instructions on the subject, the FBR added.
Copyright Business Recorder, 2017