AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.04 Decreased By ▼ -0.95 (-0.74%)
BOP 6.67 Increased By ▲ 0.07 (1.06%)
CNERGY 4.51 Decreased By ▼ -0.09 (-1.96%)
DCL 8.55 Increased By ▲ 0.07 (0.83%)
DFML 41.44 Decreased By ▼ -0.04 (-0.1%)
DGKC 86.85 Increased By ▲ 0.27 (0.31%)
FCCL 32.28 Increased By ▲ 0.14 (0.44%)
FFBL 64.80 Decreased By ▼ -0.62 (-0.95%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 Decreased By ▼ -0.92 (-0.83%)
HUMNL 14.68 Decreased By ▼ -0.07 (-0.47%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.46 Increased By ▲ 0.34 (4.78%)
MLCF 41.38 Decreased By ▼ -0.27 (-0.65%)
NBP 60.41 Increased By ▲ 0.32 (0.53%)
OGDC 190.10 Decreased By ▼ -4.59 (-2.36%)
PAEL 27.83 Decreased By ▼ -0.12 (-0.43%)
PIBTL 7.83 Decreased By ▼ -0.17 (-2.13%)
PPL 150.06 Decreased By ▼ -1.11 (-0.73%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 Increased By ▲ 0.07 (0.44%)
SEARL 86.00 Increased By ▲ 7.80 (9.97%)
TELE 7.71 Increased By ▲ 0.32 (4.33%)
TOMCL 35.41 Decreased By ▼ -0.26 (-0.73%)
TPLP 8.12 Increased By ▲ 0.21 (2.65%)
TREET 16.41 Increased By ▲ 0.52 (3.27%)
TRG 53.29 Increased By ▲ 0.53 (1%)
UNITY 26.16 Decreased By ▼ -0.39 (-1.47%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,884 Decreased By -36.4 (-0.37%)
BR30 30,600 Decreased By -151.5 (-0.49%)
KSE100 93,355 Increased By 130.9 (0.14%)
KSE30 28,931 Increased By 46 (0.16%)

Chinese Motorcycles manufactures, whose registration was banned on violation of SRO 656(1) 2006, have said that they are not required to submit the Engineering Development Board (EDB) certificate for registration, it was learnt.
Sources said that a letter addressed to the Deputy General Manager (Tariff) by Excise and Taxation officer Karachi said that a number of motorcycle manufactures approached this office with the plea that certificate from the EDB was not required for the registration of motor bikes.
They also claimed that Punjab Excise and Taxation department was not requiring the certificate of EDB for registration. The office required by the two wheeler Assemblers/Manufacturers to submit a certificate from the EDB besides other documents like certificate from PSQCA, income tax, sale tax department and trade mark registration for registering their two wheelers brand, the letter added.
Sources in the EDB said that government had restricted registration of some manufacturers on violation SRO 656(1) 2006 under which the sector was switched to tariff based regime. A letter of the EDB, points out that the irregularity was detected during the scrutiny of information provided by assemblers about purchase of completely-knock-down (CKD) parts/components under condition (v) of SRO 656 (I) 2006 from the local market.
Sources said that details furnished by a number of Chinese motorcycle manufacturers about local and imported parts used in their vehicles did not tally which they said was a clear violation of the above referred SRO.
Moreover, a number of assemblers had not provided details required for issuing revalidation certificate. As a result they were not issued certificate must needed to obtain clearance certificate by Pakistan Standard Quality Control Authority (PSQCA) for registration. The EDB also decided that it will issue provisional certificate to only those assemblers who would furnish an undertaking that they would abide by findings of the final audit conducted by the CBR, EDB or any other designated organisation and that too would be valid till March 2008.
The decision was taken because motorcycle manufacturers, violating the set rules, wanted the EDB to issue them revalidation certificate of their manufacturing facilities. Those not providing required documents will not be issued revalidation certificate. The manufacturers who had been found in violation of SRO are facing problems in getting their vehicles registered.

Copyright Business Recorder, 2008

Comments

Comments are closed.