The Central Board of Revenue (CBR) has issued another list of 40 machinery/apparatus items including medical equipment on which sales tax would be charged at the rate of zero-percent at the import stage and local supply under SRO 530(I)/2005.
The CBR on Saturday issued instructions to all collectors of customs to extend the benefit of SRO.530(I)/2005 to the machinery/equipment covered under Pakistan Customs Tariff (PCT) heading given in the additional indicative lists. The lists contained more equipment/items liable to zero-rating of sales tax.
Previously, the CBR issued a list of items liable to zero-rating of sales tax. Now, another 40 items have been zero-rated following request of the business community.
The Board has issued two additional indicative lists of tariff headings covered under the SRO.530(I)/2005. The items specified in the Annexure A would be applicable on the import of plant, machinery, equipment and parts thereof and Annexure B relates to the local supply of plant, machinery and equipment (whether imported or locally manufactured).
According to CBR, the new lists are in addition to the lists previously communicated to the collectors on December 15, 2005.
Sales tax would be charged at the rate of zero percent on the import of medical, surgical or laboratory sterilisers; cream separators; other centrifuges covered under Pakistan Customs Tariff (PCT) heading 8421.1900; mist eliminator; scales for continuous weighing of goods on conveyors; constant weight scales and scales for discharging a predetermined weight of material into a bag or container, including hopper scales; self-propelled trucks powered by an electric motor; track laying; graders and levellers; scrapers; tamping machines and road rollers; front-end shovel loaders; other AC motors, single phase of an output not exceeding 60 watts; submersible motors of stainless steel; geared motors; other generating sets wind-powered; ion implanters for doping semiconductor materials; apparatus and equipment for automatically developing photographic (including cinematographic) film or paper in rolls or for automatically exposing developed film to rolls of photographic paper; stethoscopes; surgical scissors; surgical knives; sphygmomano-meter; artificial joints; hearing aids, excluding parts and accessories and X-ray tubes.
8419.2000, 8421.1100, 8421.1900, 8421.3930, 8423.2000, 8423.3000, 8425.1900, 8425.3900, 8427.1000, 8427.2090, 8429.1100, 8429.1900, 8429.2000, 8429.3000, 8429.4000, 8429.5100, 8429.5900, 8501.4010, 8501.5320, 8501.5330, 8502.3100, 8543.1100, 9010.1000, 9018.5000, 9018.9020, 9018.9030, 9018.9040, 9018.9050, 9021.3100, 9021.3900, 9021.4000, 9021.9000, 9022-3000.