20000404

Duty rebate on import of raw materials announced

SOHAIL SARFRAZ

ISLAMABAD: The Central Board of Revenue has announced repayment of customs duty on the import of various raw materials used in the manufacturing of MFD protected type round aluminum casing, says a notification.

According to an SRO. 139 (I)/2000 of Customs (Duty Drawback System), the repayment of customs duty has been authorised to M/s Khawaja Electronics, Lahore, on the goods exported on or after April 24, 1997.

The raw materials include metalised polypropyline film, polypropyline film, core, tin zinc, alloy wire, top lid, resin and hardener.

The CBR has authorised rebate on the raw materials used in the manufacturing of 32 types of MFD of protected type round aluminum casing (400 VAC) ranging from 1 MFD to 80 MFD protected type. The repayment of customs duty has also been allowed on the manufacturing of different types of MFD (long can) protected type and various kinds of MFD (short can) protected type round aluminum casing (400 VAC).

The extend of repayment of customs duty ranges from Rs 1.10 per piece to Rs 18.10 per piece of MFD protected type round aluminum casing (400 VAC), depending on the type of MFD.

The minimum amount of rebate has been granted to raw materials used in the production of '1 MFD protected type round aluminum casing (400 VAC)' as Rs 1.10 per piece and the maximum repayment of customs duty has been authorised to raw materials used in the manufacturing of '80 MFD protected type round aluminum casing (400 VAC)' as Rs 18.10 per piece.

The CBR has used powers conferred by clause (c ) of section 21 of the Customs Act 1969 (IV of 1969).