The products for which a duty or tax exemption has been obtained must only be used inside a Special Technology Zone, and any disposal must first receive the FBR’s prior approval.
The Special Technology Zones (STZs) imports cannot be sold without the Federal Board of Revenue’s prior approval and must be kept for at least ten years (FBR). As part of the SRO 536(I)/2023 notification to issue draft amendments to the Customs Rules of 2001, the FBR set conditions on Wednesday for importers of STZs.
The STZs are subject to FBR conditions, which state that in order to receive tax benefits, imports must be made for consumption within the zones by eligible importers for a period of ten years beginning on the date of signing the development agreement or issuance of the licence, as applicable.
The products for which a duty or tax exemption has been obtained must only be used inside a Special Technology Zone, and any disposal must first receive the FBR’s prior approval.
A business that lacks a current licence issued by the creator of a Special Technology Zone and is not registered through a specific user ID in the Customs Computerized System is not eligible for an exemption.
The authorised officer of the Special Technology Zones Authority (STZA) must certify, in the manner and format specified, that each consignment’s imports of capital goods are legitimate project requirements.
As long as the total period of import of these partial shipments does not exceed twenty months from the date of first import, an eligible importer under these rules may import capital goods through partial shipment.
After receiving a valid licence from the licencing authority, the zone licensee must apply for a user-ID with the registration authority.
The business facility of a licensee, including its manufacturing facilities and retail locations, must be verified by Customs before the licensee is given a user-ID by the registering authority to begin using the Customs Computerized Systems in accordance with the products covered by the relevant tariff headings.