S.R.O. 575(I)/2002, Islamabad, the 31st August, 2002

SROS: S.R.O. 575(I)/2002, Islamabad, the 31st August, 2002 THE SALES TAX REFUND RULES, 2002 S.R.O. 575(I)/2002, Islamabad, the 31st August, 2002:- In exercise of the powers conferred by section 50 of the Sales Tax Act, 1990, read with 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:-- THE SALES TAX REFUND RULES, 2002 1. Short title, application and commencement.--(1) These rules may be called the Sales Tax Refund Rules, 2002 (2) These shall apply to-- (a) registered manufacturer-cum-exporters and commercial exporters who zero rate all or part of their supplies under section 4 of the Act; (b) 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; (c) investors claiming refund under the second proviso to sub-section(1) of section 10 of the Act; and (d) registered persons claiming refund of tax other than input tax under section 66 of the Act. (3) These shall come into force at once. 2. Definitions.--(1) In these Rules, unless the subject or context otherwise requires,- (a) Act means the Sales Tax Act 1990; (b) claimant means a registered person being a manufacturer-cum-exporter or a commercial exporter or an investor or any other registered person entitled to claim refund under the Act, who files a sales tax return claiming refund under these rules; (c) 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 or deposits the amount of sales tax on his purchases from sales tax registered persons by filing sales tax returns on behalf of the suppliers and claims refund of input tax thereof; (d) officer-in-charge means Deputy Collector of sales tax or any other officer of sales tax who holds full or partial charge of the Refund Division; (e) investor means a person entitled to claim refund of sales tax on plant and machinery under second proviso to…