Text of (SALES TAX) SRO 445(I)/2004.

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

Islamabad, the 12th June, 2004

NOTIFICATION
(SALES TAX)
SRO 445(I)/2004.-In exercise of the powers conferred by the proviso to clause (33) of
section 2 of the Sales Tax Act, 1990, the Federal Government is pleased to specify that the following types of transactions shall not constitute supply, namely:-
(a) forward transactions of commodities at the National Commodity Exchange Limited; and
(b) goods delivered under a Murabaha financing arrangement to or by a bank or a financial institution approved by the State Bank of Pakistan or the Securities and Exchange Commission of Pakistan, as the case may be.
[C. No. 1/33-STB/2004]
(Shahid Ahmad)
Additional Secretary