FAQ:

 
What  is applicability?

Applicability means and includes:
  i) imported input materials of a class or description used in the manufacture of products on which repayment or drawback of customs-duties is allowed, the calculations of input to output ratio and the fixation or rates for the purposes of repayment or drawback thereon;
  ii) in general, all such goods of a class or description used as input materials in the manufacture of products of a class or description on which the repayment of customs duties is authorized under clause (c) of section 21 of the Act or drawback of customs duties under section 37 thereof;
  and iii) in particular, to all products of a class or description other than those specified in Schedule I on the imported goods or input materials of a class or description which shall be identified and determined under this sub-chapter and to the extent of the whole of customs duties thereon to be fixed in the manner as more fully described in this sub-chapter

What is Association?

         Association means a representative trade body of persons engaged in manufacture, production or commercial export of goods of a class or description on which repayment or drawback of customs duties is allowed and duly registered under the law in force relating to registration of such Association 

What is Board?
  
         Board means the Federal Board of Revenue 

What is CC&I? 

         CC&I means the respective  Chambers of Commerce and Industry recognized and affiliated with the FPCCI

What is Director?

         Director means the officer holding the charge as the Director of the IOCO and duly notified by the Board in this regard

What is FPCCI?

         FPCCI means the Federation of Pakistan Chambers of Commerce and Industry

What is individual Notification?

         Individual Notification means a Notification relating to the determination of input goods and fixation of rates in relation to all goods other than those specified in Schedule II and which are applicable in case of a specific manufacturer named therein 

What is Input Materials?

        Input Materials means all such imported goods or materials used in the manufacture of goods or products specified in Schedule I as are identified and determined as such under this sub-chapter

What is IOCO?

        IOCO  means the Input Output Co-efficient Organization established by the Central Board of Revenue for the purposes of this sub-chapter 

What's the means of Sector Specialist?
 
        Means a Qualified person having the reguired professional expertise to sector(s) and appointed as Sector Specialist in IOCO.

What is manufacturer? 

        Manufacturer means a person engaged in any process incidental or ancillary to the completion of such finished goods as are not specified in Schedule I 

What is products?

        Products means all such finished goods manufactured in Pakistan meant for export or exported outside other than those specified in Schedule I, from time to time  "Schedule" means the Schedule to this Sub-Chapter 

What is Standard Notification?

        Standard Notification means a Notification relating to the standard determination of imported input materials and fixation of rates in case of goods of a class or description which is not limited or restricted to an individual manufacturer but is applicable in general cases.