S.R.O. 675(I)/2011, dated 1st July, 2011

SROS: S.R.O. 675(I)/2011, dated 1st July, 2011 EXEMPTION FROM SPECIAL EXCISE DUTY LEVIED ON THE TRACTOR PARTS SUPPLIED BY REGISTERED VENDORS TO THE MANUFACTURERS OF AGRICULTURAL TRACTORS, SUBJECT T0 CERTAIN CONDITION Notification No. S.R.O. 675(I)/2011, dated 1st July, 2011:- In exercise of the powers conferred by sub-section(2) of section 16 of the Federal Excise Act, 2005 and in super-session of its Notification S.R.O. 1229(l)/2007, dated the 18th December, 2007, the Federal Government is pleased to exempt the special excise duty levied under Notification S.R.O. 655(l)/2007, dated the 29th June, 2007, on the tractor parts supplied by registered vendors to the manufacturers of agricultural tractors falling under PCT heading 8701 of the First Schedule to the Customs Act, 1969(IV of 1969), provided that exemption under this Notification shall be available only by way of refund of special excise duty paid by the manufacturers of agricultural tractors to their…