IMPORT OF CNG BUSES OF INDIAN ORIGIN
CNG buses (15 units) were imported from Sharjah in CBU condition. These buses were assembled/manufactured in UAE from the components/parts imported from India. Therefore, a question arose regarding determination of origin of these buses, since the import of such buses is not allowed from India as per Import Policy Order in vogue.
The Ministry of Commerce and the Ministry of Industries, Production and Special Initiatives informed the Federal Board of Revenue to process the cases of import of buses in consultaion with the local stakeholders and after thorough scrutiny as local industry was agitating that the vehicles were of Indian origin.
The matter was taken up by the ECC of the Cabinet and the ECC finally approved the release of 15 CNG buses on one time authorization of the Ministry of Commerce on payment of the leviable duty and taxes in addition to the redemption fine equal to 30% of their C &F value.
In order give effect to the ECC’s above referred decision an amending notification SRO---(1)2008 dated dated 12th March, 2008 has been issued