4. Zero rating.—
Notwithstanding the provisions of section 3, the
following goods shall be charged to tax at the rate of zero per cent:--
(a) goods exported, or the goods specified in the Fifth Schedule;
(b) supply of stores and provisions for consumption aboard a conveyance proceeding to adestination outside Pakistan as specified in section 24 of the Customs Act, 1969 (IV of 1969);
(c) such other goods as the Federal
Government may, by notification in the official Gazette, specify:
Provided that nothing in this
section shall apply in respect of a supply of goods which–
(i) are exported, but have
been or are intended to be re-imported into
(ii) have been entered for export under
Section 131 of the Customs Act, 1969 (IV of
1969), but are not
exported; or
(iii) have been exported to a country specified
by the Federal Government, by Notification in the official Gazette:
Provided further that the Federal
Government may, by a notification in the official Gazette,
restrict the amount of credit for input tax actually paid and claimed by a
person making a zero-rated supply of goods otherwise
chargeable to sales tax.
[1][(d) such
other goods as may be specified by the Federal Board of Revenue through a
general order as are supplied to a registered person or class of registered
persons engaged in the manufacture and supply of zero-rated goods.]