GOVERNMENT OF PAKISTAN MINISTRY OF COMMERCE ………. Islamabad, the 4th September, 2009
S.R.O. 766 (I) 2009. –In exercise of the powers conferred by sub-section (1) of section 3 of the Imports and Exports (Control) Act, 1950, (XXXIX of 1950), the Federal Government is pleased to make the following Order, namely: -
Short title and commencement. – (1) This Order may be called the Import Policy Order,
It shall come into force at once.
Definitions. - In this Order, unless the context requires otherwise, (a) “Act” means the Imports and Exports (Control) Act, 1950 (XXXIX of 1950); (b) “Annex” means an Annex to this Order; (c) “Appendix” means an Appendix to this Order; (d) “banned item” means a commodity import of which is prohibited under this Order; (e) “Industrial user” means an industrial establishment, which makes imports for its own industrial use; (f) “Job lot” is an assortment of miscellaneous goods for sale as one lot. Normally these goods are of inferior quality; (g) “Stock lot” are the goods, which remain in stock because of change in taste, market conditions or deterioration of quality and are presented as one lot (h) “Place of origin” or “origin” means the country of supply where goods are produced or manufactured; (i) “Restricted item” means a product import of which is subject to conditions specified in this Order; (j) “Samples” means goods in limited quantity clearly identified as such and of no commercial value; and (k) “Tariff area,” means any area in Pakistan outside the limits of an Export Processing Zone.
Basis of imports. - (1) Imports may be made against all modes of payment subject to
procedures prescribed by the State Bank of Pakistan.
Private sector importers may enter into Commodity Exchange Arrangements with
suppliers abroad subject to the procedure notified by the State Bank of Pakistan. (3) For imports...