AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

The Central Board of Revenue (CBR) has asked the National Bank of Pakistan (NBP) to ensure that the its branches operating at the custom stations should accept the 'challan form' for payment of sales tax on minimum value addition by importers.
Sources told Business Recorder here on Sunday that the government has announced a special procedure, for payment of sales tax, on the basis of a mandatory minimum value addition, by commercial importers vide Chapter II of the Sales Tax Special Procedure Rules 2004.
However, certain complaints have been received from commercial importers that the Collectorates as well as requisite branches of the NBP are not accepting the payment, on account of value addition, through a challan as prescribed in Annex-A of Chapter II of the said rules.
The Collectorates should instruct the concerned branches that NBP branch shall accept the payment on the challan (format in Annex-A of the rules) and send the original copy of the challan to the collectorate of sales tax having jurisdiction, retain the duplicate copy for its record and return the triplicate copy to the commercial importers duly signed and stamped as acknowledgement of payment of amount indicated in the challan.
The details of the concerned Collectorates pertaining to the relevant customs port, airport or station is annexed herewith. It is also advised to designate Assistant/Deputy Collector of Customs (preferably officer incharge of the import section/customs station) responsible for liaison with the bank in order to implement this scheme in a smooth manner.
The banks would forward the copy of challan to the following Collectorates of Sales Tax: Collectorate of Sales Tax and Central Excise, (Headquarter), Model Sales Tax House, Old Subzi Mandi, University Road, Karachi; Collectorate of Customs, Sales Tax and Central Excise, Customs House, A-49, S.I.T.E. Area Hyderabad; Collectorate of Customs, Sales Tax and Central Excise, Customs House, Chaman Road, Quetta; Collectorate of Customs, Sales Tax and Central Excise, 25/F-2, Block No.10, Near General Bus Stand, Vehari Chowk, Bahawalpur Road, Multan; Collectorate of Sales Tax and Central Excise, Sales Tax House, 4-Fane Road, Lahore; Collectorate of Sales Tax and Central Excise, K.K. Chicks Building, Near Sialkot Bypass, G. T. Road, Gujranwala; Collectorate of Sales Tax, 3-Jinnah Garden Road, Civil Lines, Faisalabad; Collectorate of Sales Tax and Central Excise, PNCA Building, Liaquat Bagh, Rawalpindi; Collectorate of Sales Tax and Central Excise, H.No. 23, St. No. 2, Sector, J-1 Phase-II, Hayatabad, Peshawar.

Copyright Business Recorder, 2004

Comments

Comments are closed.