(SALES TAX) SRO 500(I)/2004

Text of (SALES TAX) SRO 500(I)/2004.

GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS AND REVENUE
(REVENUE DIVISION)

Islamabad, the 12th June, 2004

NOTIFICATION
(SALES TAX)
SRO 500(I)/2004.-In exercise of the powers conferred by clause (c) of section 4 of the Sales Tax Act, 1990, the Federal Government is pleased to specify the goods in column (2) of the Table below, falling under the heading and sub heading of the First Schedule to the Customs Act, 1969 (IV of 1969) specified in column (3) of the Table and subject to the conditions specified in column (4) thereof, as the goods on which sales tax shall be charged at a rate of zero percent, namely:--

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TABLE

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S No    Description of     Heading or     Condition of import or supply

No      goods              sub-heading

                           Nos

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(1)     (2)                  (3)                                    (4)

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1       Imported plant,       Respective                  If imported,-

        machinery and         headings              (a) under a customs

        equipment                           concessionary notification,

                                                    subject to the same

                                           conditions, restrictions and

                                                      procedures as are

                                                 prescribed thereunder,

                                                excluding the condition

                                                that such goods are not

                                               manufactured locally; or

                                          (b) against statutory rate of

                                                    customs duty of 5%.

2       Supply of plant,      Respective

        machinery and         headings

        equipment, either

        imported or locally

        manufactured

3       Supply of cotton,      5201.0090

        not carded or

4       combed (ginned cotton) 2306.1000

        Supply of oil cake

        and other solid

        residues, whether

        or not ground or in

        the form of pellets.

5       Hides and skins        41.01, 41.02,

                               41.03

                               (excluding

                               4103.3000)

6       Raw Wool               5101.1900

                              -Nil-

Subject to the procedure prescribed in chapter VII of the Sales

Tax Special Procedures Rules, 2004.

                              -Nil-

                              -Nil-

                              -Nil-

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Explanation: The expressions 'plant', 'machinery' and 'equipment' shall have the same meanings as are assigned to them in a notification issued under section 19 of the Customs Act, 1969.
[C. No. 1/33-STB/2004]
(Shahid Ahmad)
Additional Secretary
Copyright Business Recorder, 2004