According to the FBR, follow up to the STGO 105 of 2019 dated 13.09.2019 on the subject. Following instructions as (1) (a) shall be considered as part of the STGO 105/2019 after sub para (1) of para 2:
Steel sector - Re-rollers and composite units: It is clarified that work back formula will also apply to re-rollers and composite steel units with work back formula of 130 and 930 units of electricity per tonne respectively subject to same conditions/restrictions and instructions given for steel melters.
In the same manner, following instructions as 2(a) shall be considered as part ofthe aforesaid STGO after sub para (2) of para 2:
Oil & ghee mills: Instructions given in sub para (2) of 2 shall mutatis mutandis apply to commercial importers of vegetable ghee and cooking oil subject to verification of facts by the relevant Commissioner on case to case basis. Under Sales Tax General Order 105 of 2019 of the FBR, for oil and ghee mills, adjustment shall be available in respect of 16% FED against imports made in June, 2019, as available in stock on 30th June, 2019, in the same form or in the form of finished goods, as consumed in sales made during July and August, 2019. Adjustment shall be made to the extent of sales actually made in each month. Refund of Rs 1 / kg paid on inputs: If inputs on which Rs 1 / kg FED was paid on import or local purchase and the same, or the finished goods made therefrom, remained in stock on 30th June, 2019, such Rs 1 / kg becomes payment in excess if such finished goods are supplied after 30th June, 2019, with payment of due tax / FED at 17%. The refund of such Rs 1 / kg, so paid in excess, may be allowed by the field formations, under section 66, after due scrutiny and as per law, after ensuring that the finished goods produced from such inputs have been supplied and FED payable at 17% has been duly accounted for in the relevant return, FBR added.
Steel Sector: Melters: Adjustment against GDs of re-meltable scrap imported prior to 1st July, 2019, which remained in stocks or the finished goods made therefrom remained in stock on 30th June, 2019, shall be made available to the extent of that consumed in supplies made in July and August 2019, provided no adjustment of tax paid on such GDs was made against sales tax on electricity bill as was provided under the Sales Tax Special Procedures Rules, 2007. However, such adjustment shall be made available, on case-to-case basis, if the Commissioner concerned verifies the stock position on 30th June, 2019, as declared online by such steel melters.
The verification may be done by working back from current physical stocks and production and sales of intervening period after ensuring that the declared production is not below one metric ton per 800 units of electricity consumed during the intervening period. The adjustment to be allowed shall not exceed the stock as so verified or the stock as declared online, whichever is lower, STGO 105 of 2019 added.-SOHAIL SARFRAZ