Section 111
of Investment Incentives Order, 2001
ORDERIn forceProvision 110 of 122
Section 111
(1)
Any machinery, equipment, component parts and accessories imported under section 109 which are sold, transferred, mortgaged or otherwise disposed of under section 110
shall be subject to payment of customs duty imposed under the Custom Act (Chapter 36).
Incorporating amendments until S 5/2011
(Cleancopy) NANI/H.AFIF/fiqah _ as of 11th March 2020
73
BLUV as at 16th February 2011
(2)
For the purpose of determining the duty imposed under subsection (1), all machinery, equipment, component parts and accessories shall be assessed and valued by the
Controller of Customs and duties shall be payable on the assessed value.
Exemption from import duties on raw material.