Updated: Sunday May 29, 2016/AlAhad
Sha'ban 22, 1437/Ravivara
Jyaistha 08, 1938, at 07:20:04 PM
The Managed Cement Establishments (Payment
to Corporation) Ordinance, 1979
ORDINANCE NO. II OF 1979
[15th January, 1979]
An Ordinance to provide for the payment of
certain amount by managed cement establishments to the State Cement Corporation
of
WHEREAS it is expedient to
provide for the payment of certain amount by managed cement establishments to
the State Cement Corporation of
AND WHEREAS the President
is satisfied that circumstances exist which render it necessary to take
immediate action;
NOW, THEREFORE, in
pursuance of the Proclamation of the fifth day of July, 1977, read with the
Laws (Continuance in Force) Order, 1977, (C.M.L.A. Order No. 1 of 1977), and in
exercise of all powers enabling him in that behalf, the President is pleased to
make and promulgate the following Ordinance:---
1. Short title, extent
and commencement.—(1)
This Ordinance may be called the Managed Cement Establishments (Payment to
Corporation) Ordinance, 1979.
(2) It extends to the whole
of
(3) It shall come into
force at once.
2. Definition. In this Ordinance, unless there is
anything repugnant in
the subject or context,---
(a) ”Corporation” means the State Cement Corporation of
(b) ”unit” means a company the management of which has been
transferred or may be transferred to the Corporation under Article 7E of the
Economic Reforms Order, 1972 (P.O. No. 1 of 1972), a project and a managed
company vested in the Corporation under section 4 of the West Pakistan
Industrial Development Corporation (Transfer of Projects and Companies) Act,
1974 (XXVIII of 1974), and the Associated Cement vested in the
Corporation under section 3 of the Associated Cement (Vesting) Act, 1974 or any
other unit set up or controlled by the State Cement Corporation of Pakistan (VII of 1975).
3. Payment by units to
Corporation. Every
unit shall pay to the Corporation in respect of each metric ton of cement
produced and sold by it after the twenty-fourth day of March, 1976, such amount
as the Federal Government may, by notification1 in
the official Gazette, fix; and different amounts may be fixed for different
periods.
4. Allowance to be made
for amounts paid by a unit for purpose of income-tax. Notwithstanding anything contained in the 2[Income-tax
Ordinance, 1979 (XXXI of 1979)] the amount paid by a unit to the Corporation
in pursuance of section 3 shall be an expenditure for which allowance is to be
made in computing profits or gains of that unit under 2[section
23 of that Ordinance].
1For such notification, see S.R.O.
55(j)/80, dated 8-1-81, Gaz. of P., 1981, Ext.,Pt. II, pp. 3—12.
2 Subs. by the Federal Laws
(Revision and Declaration) Ordinance, 1981 (27. of 1981), s. 3 and Sch II.
5. Cement Development
Fund. The proceeds
of the amounts paid by the units shall be credited to a fund to be known as the
Cement Development Fund which shall be administered in such manner, and used by
the Corporation in such development scheme 1[or
other purposes, including payment of a subsidy to a unit, that may be in the
interest of the cement industry owned by the state], as may be prescribed.
6. Power to make rules.—(1) The Federal Government may, by
notification in the official Gazette, make rules for carrying out the purposes
of this Ordinance.
(2) In particular and
without prejudice to the generality of the foregoing power, such rules may
provide for,---
(a) the manner and time of payment by the units; and
(b) the maintenance of the accounts of the Cement Development
Fund, investment of the Fund and its use in development schemes.
1 Ins. by the Managed Cement
Establishments (Payment to Corporation) (Amdt.) Ordinance, 1982 (22 of 1982).
s. 2.
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