February 15, 2002	Friday	Zilhaj 2, 1422

ISLAMABAD, Feb 14: The government has levied central excise duty on import of ship plates at a rate of Rs500 per ton.

The same duty was levied at domestic level on plates, sheets, slabs, rods, bars and other waste and scrap obtained through any process of dismantling or breaking of a vessel or any other floating structure.

To this effect, CBR issued two different notifications here on Thursday. Earlier, the government had withdrawn the central excise duty levied on ship plates at import stage on June 13, 1996.

Through the first notification the SRO454, dated June 13, 1996 was amended. The notification reads as: “in the aforesaid notification, in the table, after heading 5402.4300 in column (1) and the entries relating thereto in column (2) and (3), the following new heading and the entries relating thereto shall be inserted, namely-respective headings of chapter 72: ship plates obtained through any process of dismantling or breaking of vessel or any other floating structure of heading 8908.0000, rupees five hundred per tone.”

The other notification amending SRO 456(I)96 dated June 13, 1996, reads as the following amendment shall be inserted namely: “plates, sheets, slabs, rods, bars and other waste and scrap obtained through any process of dismantling or breaking of a vessel or any other floating structure of heading 8908.0000, rupees five hundred per tone.”