S.R.O. 551(I)/2008, Islamabad, the 11th June, 2008

SROS: S.R.O. 551(I)/2008, Islamabad, the 11th June, 2008 THE FEDERAL GOVERNMENT IS PLEASED TO EXEMPT THE GOODS MENTIONED IN COLUMN(2) OF THE TABLE BELOW FROM THE WHOLE OF SALES TAX WITH EFFECT FROM 1ST JULY. GOVERNMENT OF PAKSITAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE (REVENUE DIVISION) **** Islamabad, the 11th June, 2008 NOTIFICATION (SALES TAX) S.R.O. 551(I)/2008, Islamabad, the 11th June, 2008:- In exercise of the powers conferred by clause(a) of sub-section (2) of Section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to exempt the goods mentioned in column (2) of the Table below from the whole of sales tax with effect from 1st July, 2008 subject to the conditions and restrictions specified in column(3) thereof, namely:- S.No. Description of goods Conditions and restrictions (1) (2) (3) 1 Raw materials, sub-components and components If imported for the manufacturing of goods to be supplied against international tenders. 2 CNG kits, cylinders and valves for CNG kits If supplied for automotive vehicles. 3 Raw and pickled hides and skins; wet blue hides and skins; finished leather; and accessories, components and trimmings for leather manufacturers. If imported for the manufacture of goods meant wholly for export provided that conditions, procedures and restrictions laid down in rules 264 to 278 of the Customs Rules, 2001 are duly fulfilled and complied with. 4 Machinery, equipments and materials either for exclusive use within the limits of Export Processing Zone or for making exports there from; and goods imported for warehousing purpose in Export Processing Zone. If imported by investors of Export Processing Zones subject to the condition that the procedures, limitations and restrictions as are applicable on such goods under the Customs Act, 1969 (IV of 1969) and rules made there under shall mutatis mutandis, apply. 5 Ships of gross tonnage of less than 15 LDT and all floating crafts including tugs, dredgers, survey vessels and other specialized crafts purchased or bare-boat chartered by a Pakistan entity and flying the Pakistan flag except the ships or crafts which are acquired for demolition purposes or are…