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