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CGO is the
abbreviation of Customs General Order. It is issued to notify a Gazette
or General Order.
Here,
it is the “List of Locally Manufactured Goods” which is notified by
Central Board of Revenue on October 3, 2003 as “CGO-10/2003” and is
currently referred.
CGO-10/2003 was
issued to replace the “List of locally manufactured items” contained as
Chapter 11 of CGO 12 of 2002 dated 15-06-2002.
CGO-12 of 2002 was
notified by Central Board of Revenue scrutinizing all the Customs
General Orders issued over the last three decades to exclude about 500
redundant CGO’s and recasting nearly 200 remaining CGOs into an easily
assimilable single document.
The list of
locally manufactured goods is prepared and issued with the objective to
encourage the local industry and protect their products from
Exemptions/concessions extended on their imports.
Generally, the
exemption/concessions from payment of of Customs Duty & Sales Tax,
income/with-holding tax, are provided on import of goods provided the
same are not manufactured locally.
Initially, the
list of locally manufactured goods was drawn up by Central Board of
Revenue on the basis of the information provided by the Ministry of
Industries, which was incorporated in the Table of SRO 562(I)/88 dated
June 30, 1988 as an indicative list. The same was updated in
consultation with the Ministry of Industries and circulated vide CGO-13
of 1991 in November 18, 1991.
From time to time
the list has been revised to incorporate the latest products and specify
to specifications to minimize the grievances/disputes over importable
goods.
1st time,
in 1996-97, on the directions of Cabinet the
Engineering
Development Board (EDB) was assigned the task of revision/updation of
the List of locally manufactured goods (CGO-17/1994) with a
view to enhance potential of local engineering industry and make the
list un-disputable by reflecting true capability and potential of local
manufacturing sector.
The list so
revised/updated/compiled by EDB, after deliberations at length among the
representatives of Board of Investment, Central Board of Revenue,
National Tariff Commission and representatives of leading engineering
industries was circulated as CGO-07 of 1998 on March 24, 1998,
containing the list of items locally produced for sugar plants, cements
plants, thermal power plants and hydel power plants. CGO-12 of 2002,
Chapter 11, was the revised version of CGO-07/98.
The initiated exercise is for the
revision of the existing list contained as CGO-10/2003 which will
benefit local manufacturers by :
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Treating as a recognized local
manufacturer.
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To make locally manufactured goods
are protected against the concessionary import of such goods.
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The product and company both
are treated a part of the introductory data referred internationally
as well as in the domestic market.
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Support can be provided to
rationalize the import duty.
The manufacturer has to apply
through Online on EDB’s website i.e.
www.engineeringpakistan.com
through a laid down criteria. When the requisite information is received
after examination and analysis the product and company can be
registered.
The updated list of locally
manufactured goods will be available on EDB’s website to refer as
reference document in the domestic as well as global market.
The list shall be
referred at all the Collect orates across the country who are authorized
to regulate the release of goods/items indicated in the list of locally
manufactured goods/items. |