Glossary_M
Glossary of Tax and Trade Terms
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Manufacture or produce includes – (a) any process in which an article singly or in combination with other articles, materials, components, is either converted into another distinct article or product or is so changed, transformed or reshaped that it becomes capable of being put to use differently or distinctly and includes any process incidental or ancillary to the completion of a manufactured product; (b) process of printing, publishing, lithography and engraving; and (c) process and operations of assembling, mixing, cutting, diluting, bottling, packaging, repacking or preparation of goods in any other manner;
manufacturer or producer means a person who engages, whether exclusively or not, in the production or manufacture of goods whether or not the raw material of which the goods are produced or manufactured are owned by him; and shall include– (a) a person who by any process or operation assembles, mixes, cuts, dilutes, bottles, packages, repackages or prepares goods by any other manner; (b) an assignee or trustee in bankruptcy, liquidator, executor, or curator or any manufacturer or producer and any person who disposes of his assets in any fiduciary capacity; and (c) any person, firm or company which owns, holds, claims or uses any patent, proprietary, or other right to goods being manufactured, whether in his or its name, or on his or its behalf, as the case may be, whether or not such person, firm or company sells, distributes, consigns or otherwise disposes of the goods: Provided that for the purpose of refund under this Act, only such person shall be treated as manufacturer-cum-exporter who owns or has his own manufacturing facility to manufacture or produce the goods exported or to be exported; [The Sales Tax Act, 1990]
manufacturer-cum-exporter means any person or firm registered under the Sales Tax Act, 1990 as a manufacturer-cum-exporter; [Pakistan Customs Rules, 2001]
manufacturing bond means a premises having a proper boundary wall, with clearly defined areas of,–– (a) bonded warehouse; (b) manufacturing facility; and (c) other stores, licensed by the Collector under rule 343.”] [Pakistan Customs Rules, 2001]
master when used in relation to any vessel, means any person, except a pilot or harbour master, having command or charge of such vessel; [Pakistan Customs Act, 1969]
misconduct means conduct prejudicial to good order, unbecoming of a gentleman and includes any act on his part to bring or attempt to bring outside or any sort of influence, directly or indirectly, to bear on the officer of Customs, Federal Excise and Sales Tax in respect of any matter relating to discharge of his duties under the relevant Acts, or creating hindrance in discharge of such duties or impersonation or submission of fake documents; [Sales Tax Rules, 2006]
movable property means a property which can be taken into custody for removal without physically knocking it down and includes currency and coin, shares, documents and instruments; [Sales Tax Rules, 2006]