S.R.O. 813(I)/98, Islamabad, the 21st July, 1998

SROS: S.R.O. 813(I)/98, Islamabad, the 21st July, 1998 SUPERSESSION OF NO, 695(I)/96. 22ND AUGUST, 1996 S.R.O. 813(I)/98, Islamabad, the 21st July, 1998:- In exercise of the powers conferred by section 50 of the Sales Tax Act, 1990 , read with sub-sections(1) and(2) of section 10 thereof and in supersession of its Notification No, SRO 695(I )/96. Dated the 22nd August, 1996, the Central Board of Revenue is pleased to make the following rules. Namely:- 1. Short title, application and commencement.-(1) These rules may be called Sales Tax Refund Rules, 1998. (2) These shall apply to manufacturers-cum-exporters and commercial exporters who desire to zero rate their exports under section 4 of the Sales Tax Act, 1990 and investors claiming refund under sub-section(1) of section 10 thereof. (3) These shall come into force at once. 2. Definitions.- In these Rules, unless the subject or context provides otherwise.- (i) Act means the Sales Tax Act, 1990; (ii) Commercial exporter means a person engaged in making of zero rated supplies who opts for voluntary registration under section 18 of the Act; (iii) Claimant means a registered person being a manufacturer-cum-exporter or a commercial exporter, filling a sales tax return entailing a refund under these rules; (iv) Officer-incharge means Assistant Collector, Deputy Collector or Additional Collector who holds charge of the Refund Section; and (v) Investor means a person covered under the second proviso to sub-section(1) of section 10 of the Act. 3. Refund Section.-(1) There shall be established a Refund Section in each Collectorate of Sales Tax to process and settle the refund claims. (2) The refund Section shall be headed by an Assistant Collector or such other senior officer of sales tax as may be nominated by the Collector of sales tax. 4. Tax return to be treated as refund claim.-(1) Monthly sales tax return filed by a claimant shall be treated as refund claim and shall be processed accordingly. (2) A legible photocopy of the return, referred to in sub-rule(1). Shall be forwarded to the officer-incharge for appropriate action under the Act and these rules. 5. Receipt and scrutiny of refund claim-(1) The officer…