Right to Import; Customs Duties Sample Clauses

Right to Import; Customs Duties. (a) The GOP encourages the Company and its Contractors to incorporate as much locally produced material, equipment, and supplies as possible for the design, construction, completion, operation and maintenance of the Complex. Nonetheless, the Company and its Contractors shall be entitled to import prior to the Commercial Operations Date without restriction and exempt from Sales Tax, but subject to the payment of the applicable Customs Duty, not to exceed five percent (5%) on value, determined under the Laws of Pakistan, of imported plant, machinery and equipment not manufactured locally and required for the design, construction, completion, operation and maintenance of the Complex, subject to compliance with any restrictions imposed by the Import Policy Order (SRO 775(I)2006, dated 31 st July 2006), as issued from time to time; provided , that, unless all Taxes are paid in full, such imported plant, machinery and equipment shall be used at the Site, in relation to the Project and will not be sold or otherwise transferred to or used by another Person other than the Company or its Contractors. From and after the Commercial Operations Date, the applicable Customs Duty shall be ten percent (10%) on plant, machinery and equipment not manufactured locally and required for the repair, operation and maintenance of the Complex.
Sample 1
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Right to Import; Customs Duties. The Grantor encourages the Concessionaire and its Contractors to incorporate as much locally produced material, equipment, and supplies as is commercially reasonable for the Concessionaire‟s participation in the Project. Nonetheless, the Concessionaire and its Contractors shall be entitled to: import without restriction plant machinery and equipment not manufactured locally, and required for the design, research, engineering, financing, construction, operation, maintenance, and Rehabilitation of the Project Facilities, as the case may be, subject to compliance with any restrictions imposed by the Laws of Montenegro (including payment of applicable Customs Duties and relevant Taxes) provided that such imported plant machinery and equipment shall be used in relation to the Project and will not be sold or otherwise transferred to or used by another Person other than the Concessionaire or its Contractors.
Sample 1
Right to Import; Customs Duties. (a) The GOP encourages the Seller and its Contractors to incorporate as much locally produced material, equipment, and supplies as possible for the design, construction, completion, operation and maintenance of the Complex. Nonetheless, the Seller and its Contractors shall be entitled to import without any restriction, and exempt from Customs Duty and Sales Tax, to import plant, machinery and equipment not manufactured locally, spare parts and replacements required for the design, construction, completion, operation, repair and maintenance of the Complex, subject to compliance with any restrictions imposed and benefits extended by the statutory revisionary order (SRO) 575 (I) 2006, dated 5th June 2006, (as amended from time to time and including subsequent circulars issued pursuant thereto) provided, that such imported plant, machinery and equipment, spare parts and replacements shall be used at the Site, in relation to the Project and will not be sold or otherwise transferred to or used by another Person other than the Seller or its Contractors, or Lenders as a result of enforcement of security, provided further, that any amendment, revocation or substitution of (SRO) 575 (I) 2006, dated 5th June 2006, resulting in the withdrawal of exemption from Customs Duty or Sales Implementation Agreement 27 Tax shall not constitute a Change in Law or give rise to a breach or default of the GOP hereunder so long as such withdrawal of exemption results in (A) a Change in Tax as provided in Section 14.4 and Schedule 1 to the Energy Purchase Agreement, or (B) as allowed by NEPRA within one hundred and twenty (120) Days of an application being filed by the Seller with NEPRA for modification of the Tariff to permit pass-through of the Customs Duties and Sales Tax.
Sample 1
Right to Import; Customs Duties. (a) The GOP encourages the Seller and its Contractors to incorporate as much locally produced material, equipment, and supplies as possible for the design, construction, completion, operation and maintenance of the Complex. Nonetheless, the Seller and its Contractors shall be entitled to import without restriction and, shall be exempt from (or shall enjoy a reduced rate of) Customs Duty and Sales Tax on, plant, machinery, equipment and spare parts, and replacements therefor required for the design, construction, completion, operation, repair and maintenance of the Complex as provided in the [Finance Act, 2014, the Fifth Schedule to the Customs Act, 1969 and the Sixth Schedule to the Sales Tax Act, 1990]7 (as each is in effect on the date hereof) and any other item or items of plant, equipment or machinery that are incorporated into the Complex or whose use is dedicated to the operation and/or maintenance of the Complex as confirmed by the AEDB and by the Federal Board of Revenue, subject to the conditions and compliance with any additional requirements and restrictions (including, to the extent applicable, relating to locally manufactured items) imposed and benefits extended by the Finance Act, 2014, the Fifth Schedule to the Customs Act, 1969 and the Sixth Schedule to the Sales Tax Act, 1990 (as each may be amended, modified, replaced or substituted from time to time, and including subsequent notifications and circulars issued pursuant thereto); provided, that such imported plant, machinery and equipment, spare parts and replacements shall be dedicated for use by the Project and located at the Site, and will not be used for any purpose other than the 6 Latest status to be confirmed at the time of execution of the IA.
Sample 1
Right to Import; Customs Duties. (a) The GOP encourages the Seller and its Contractors to incorporate as much locally produced material, equipment, and supplies as possible for the design, construction, completion, operation and maintenance of the Complex. Nonetheless, the Seller and its Contractors shall be entitled to import without restriction and, shall be exempt from (or shall enjoy a reduced rate of) Customs Duty and Sales Tax on, plant, machinery, equipment and spare parts, and replacements therefor required for the design, construction, completion, operation, repair and maintenance of the Complex as provided in the Finance Act, 2014, the Fifth Schedule to the Customs Act, 1969 and the Sixth Schedule to the Sales Tax Act, 1990 (as each is in effect on the date hereof) and any other item or items of plant, equipment or machinery that are incorporated into the Complex or whose use is dedicated to the operation and/or maintenance of the Complex as confirmed by the AEDB and by the Federal Board of Revenue, subject to the conditions and compliance with any additional requirements and restrictions (including, to the extent applicable, relating to locally manufactured items) imposed and benefits extended by the Finance Act, 2014, the Fifth Schedule to the Customs Act, 1969 and the Sixth Schedule to the Sales Tax Act, 1990 (as each may be amended, modified, replaced or substituted from time to time, and including subsequent notifications and circulars issued pursuant thereto); provided, that such imported plant, machinery and equipment, spare parts and replacements shall be dedicated for use by the Project and located at the Site, and will not be used for any purpose other than the Project or sold or otherwise transferred to any Person other than the Lenders or their designee as a result of enforcement of security; and provided, further, that any amendment, modification, replacement or substitution of the applicable provisions of the Finance Act, 2014, the Customs Act or Sales Tax Act that results in the withdrawal of exemption from or loss of the preferential rate of Customs Duty or Sales Tax shall not give rise to a breach or a GOP default hereunder so long as such withdrawal of exemption or loss of the preferential rate results in (i) a Change in Tax as provided in Section 14.4 and Schedule 1 to the Energy Purchase Agreement or (ii) is allowed by XXXXX within one hundred and twenty (120) Days of the Seller’s application being filed with NEPRA for modification of the Reference Tariff to ...
Sample 1

Related to Right to Import; Customs Duties

  • Waiver of Customs Duties 1. Neither Party may adopt any new waiver of customs duties, or expand with respect to existing recipients or extend to any new recipient the application of an existing waiver of customs duties, where the waiver is conditioned, explicitly or implicitly, on the fulfillment of a performance requirement.

  • Customs Duties (1) Aircraft operated in international air services by the designated airlines of one Contracting Party, their regular equipment, fuel, lubricants, consumable technical supplies, spare parts including engines, and aircraft stores (including but not limited to such items as food, beverages and tobacco) which are on board such aircraft shall be exempted by the other Contracting Party on the basis of reciprocity from all customs duties, excise taxes and similar fees and charges not based on the cost of services provided on arrival, provided such regular equipment and such other items remain on board the aircraft.

  • Elimination of Customs Duties 1. Except as otherwise provided for in this Agreement, each Party shall eliminate or reduce its customs duties on originating goods of the other Party designated for such purposes in its Schedule in Annex 1, in accordance with the terms and conditions set out in such Schedule.

  • Customs Duties of a Fiscal Nature The provisions concerning the abolition of customs duties on imports shall also apply to customs duties of a fiscal nature.

  • Customs duty 1. A customs duty shall include any duty or charge of any kind imposed on or in connection with the importation of goods, including any form of surtax or surcharge, but shall not include any:

  • Export Duties Neither Party shall adopt or maintain any duties on goods exported from a Party into the other Party.

  • Extra Duties The Trustee shall be entitled to refuse to approve any Substituted Obligor if, pursuant to the law of the jurisdiction of incorporation of the Substituted Obligor, the assumption by the Substituted Obligor of its obligations hereunder imposes responsibilities on the Trustee over and above those which have been assumed under this Trust Deed.

  • Export/Import 14.1 The Works (including, without limitation, any Software) may be subject to the export or import laws and regulations of:

  • Responsibilities of Customer 5.1 To the extent that the Supplier requires access to the Customer Site to perform the Services, the Customer shall provide such access during Normal Business Hours and to provide a suitable work environment to enable the Supplier to perform such Services subject to the Supplier complying with such internal policies and procedures of the Customer (including those relating to security and health and safety) as may be notified to the Supplier in writing from time to time.

  • CAUTIONS FOR GLOBAL USE AND EXPORT AND IMPORT COMPLIANCE Due to the global nature of the internet, through the use of our network you hereby agree to comply with all local rules relating to online conduct and that which is considered acceptable Content. Uploading, posting and/or transferring of software, technology and other technical data may be subject to the export and import laws of the United States and possibly other countries. Through the use of our network, you thus agree to comply with all applicable export and import laws, statutes and regulations, including, but not limited to, the Export Administration Regulations (xxxx://xxx.xxxxxx.xxx.xxx/bis/ear/ear_data.html), as well as the sanctions control program of the United States (xxxx://xxx.xxxxxxxx.xxx/resource- center/sanctions/Programs/Pages/Programs.aspx). Furthermore, you state and pledge that you:

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