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Change in duty draw back rates of
Laminated Sheets
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The Federal Board of
Revenue has issued
amendment in Schedule LVIII of SRO
931 (I)/2007 dated 11th September 2007
under which the description of
Industrial / Technical Laminated Sheets
and Decorative Laminated Sheets has been
further specified according to thickness
and size respectively for clarity, while
duty drawback on decorative laminated
sheets has been calculated on FOB value
instead of that on specific rates
notified previously, in order to bring
it in conformity with international
standards. |
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Customs duty on import of wheat
exempted
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The Federal
Government has exempted 10% customs duty
on import of Wheat by issuing
SRO 478 dated 24-05-2008 amending
SRO 567(I)/2006 dated 05-06-2006. This
measure has been taken to ensure
availability of wheat and flour in the
country to masses in abundance and at
reasonable price.
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Exemption of whole of customs duty
and sales tax on import of plant,
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The Economic
Coordination Committee (ECC) of the
Cabinet on a Summary, tabled by the
Ministry of Water and power regarding
use of bio-diesel as an alternative
fuel, has allowed exemption of whole of
customs duty and sales tax on import of
plant, machinery, equipment and specific
items used in production of bio-diesel.
The aforesaid decision of the ECC has
been implemented and Federal Board of
Revenue has issued
SRO 474(1)/2008 dated the 21st May,
2008, allowing exemption to
aforementioned goods used in production
of bio-diesel.
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Explanatory Notes for SRO
406(I)/2008
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The import and supply
of CKD kits of single cylinder
agriculture diesel engines of 3 to 36 HP
are exempt from sales tax. In order to
exempt the supply of finished product
i.e. single cylinder agricultural diesel
engines (3 to 36 HP) this notification
has been issued so that the same is
available to farmers on competitive
prices. This step would facilitate the
farmers who use agricultural diesel
engines for farming activities. |
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