226. Import of goods into the Zones.- (1) subject to sub-rules (7)and(8), any goods can be
imported into the Zones from abroad or from the Tariff Area.
(4) The exemption granted under Board’s Notification No. SRO 881(I)/80, dated the 23rd August, 1980 shall, be applicable to machinery, equipment, materials to be used solely within the limits of a Zone and goods imported into the Zone for warehousing purposes:
Provided that the investors in Export Processing Zone shall retain machinery for a period of five years from the date of its import into the Zone:
Provided further that the investors in Export Processing Zone shall be allowed to dispose of machinery in the tariff area after filing Goods Declaration subject to the fulfillment of conditions of Import Policy Order upon payment of duty and taxes on the following terms, namely:
|
Sr. No. |
Disposal period |
Duty and taxes |
|
(1) |
(2) |
(3) |
|
1 |
If sold or otherwise disposed of before the expiration of three years from the date of import in EPZ |
Full |
|
2 |
If sold or otherwise disposed of after three and before four years from the date of import in EPZ |
75% |
|
3 |
If sold or otherwise disposed of after four and before five years from the date of import in EPZ |
50% |
|
4 |
If sold or otherwise disposed of after five years from the date of import in EPZ |
0%; |
Source:
Rule 226 (4), SUB CHAPTER (3), S.R.O. 450(I)/2001 dated 18.06.2001, CUSTOMS RULES, 2001
https://download1.fbr.gov.pk/SROs/2020112614113714745CustomsRules2001-amended30.06.2020.pdf