S.R.O. 396(I)/2006, dated 27th April, 2006

SROS: S.R.O. 396(I)/2006, dated 27th April, 2006 EXEMPTION FROM CAPITAL VALUE TAX ON IMPORT OF(02) 4X4 PICKUPS BY M/S. PAKISTAN OIL FIELDS LIMITED, RAWALPINDI, SUBJECT TO CERTAIN CONDITION Notification No. S.R.O. 396(I)/2006, dated 27th April, 2006:- In exercise of the powers conferred by sub-section(10) of section 7 of the Finance Act, 1989(V of 1989), the Federal Government is pleased to exempt M/s. Pakistan Oil Fields Limited, Rawalpindi from the payment of Capital Value Tax in respect of the following(02) 4x4 Pickups imported for exploration of oil and gas subject to the condition that the said vehicles shall exclusively be used for the purpose for which they…