S.R.O. 417(I)/2000, Islamabad, the 20th June, 2000

SROS: S.R.O. 417(I)/2000, Islamabad, the 20th June, 2000 SHORT TITLE, APPLICATION AND COMMENCEMENT, DEFINITIONS, ESTABLISHMENT OF REFUND DIVISION S.R.O. 417(I)/2000, Islamabad, the 20th June, 2000:- In exercise of the powers conferred by section 50 of the Sales Tax Act, 1990, the first and second provisos to sub- section(1) and sub-section(2) of section 10 thereof 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, 2000. (2) These shall apply to (i) registered manufacturer cum- exporters and commercial exporters who desire to zero rate all, or part, of their supplies under section 4 of the Sales Tax Act, 1990; (ii) registered persons who claim refund of such excess amount of input tax as is not fully adjusted against the tax payable during a period of one year following the tax period in which the credit first arose; (iii) investors claiming refund under the second proviso to sub-section(1) of section 10 of the Sale Tax Act, 1990; and (iv) registered persons claiming refund of tax under section 66 of the Sales Tax Act, 1990. (3) These shall come into force at once. 2. Definitions. (1) In these Rules, unless the subject or context otherwise requires,- (i) Act means the Sales Tax Act, 1990; (ii) Claimant means a registered person being a manufacturer -cum- exporter or a commercial exporter, who files a sales tax return claiming refund under these rules and includes an investor or any other registered person entitled to claim refund under the Act; (iii) Commercial Exporter means a person who having no manufacturing facility of his own, opts for voluntary registration under section 18 of the Act for exclusively making zero-rated supplies of same state goods and claims refund of input tax thereon; (iv) Officer -in- charge means deputy collector of sales tax or any officer of sales tax of senior rank who holds full or partial charge of the Refund Division; (v) Investor means a person entitled to claim refund of sales tax on plant and machinery under second proviso to sub section(1) of section10 of the Act: (vi) same-state-goods means goods…