Income Tax Rules, 2002

From: 2023-11-01 - To: 0000-00-00 CHAPTER - IX CERTIFICATES, STATEMENTS AND PROCEDURE FOR PAYMENT OF ADVANCE TAX PART-I SECTION 159 CERTIFICATE 40. Exemption or lower rate certificate u/s 159.- (1) An application for a certificate under sub-section (1) of section 159 shall be made in the form specified in Part-VII of the First Schedule to these rules. (2) A certificate issued by the Commissioner under sub-section (1) of section 159 shall be in the form specified in Part VIII of the First Schedule to these rules. 1[(3) An application for a certificate under sub-section (1) of section 159 read with clause (v) of paragraph 1 of Notification No. S.R.O. 947(I)/2008, dated the 5th September, 2008, shall be in the form specified in Part VII (a) of the First Schedule to these rules. (4) A system based exemption certificate issued by the Commissioner for goods specified under clause (v) of paragraph 1 of Notification No. S.R.O. 947(I)/2008, dated the 5th September, 2008 shall be in the form specified in Part-VIII (a) of the First Schedule to these rules.] ______________________________________________________ 1-Sub-rules “(3) and (4)” inserted by SRO 1139(I)/2008, dated October 31, 2008. 1[PART IA IMPORTED GOODS DIVISION I GENERAL 40A. Application.-The provisions of this Part shall apply to addition, omission or amendment of entries in the Twelfth Schedule and application of reduced rate on goods falling under Part III of said schedule imported by persons as raw material for its own use. DIVISION II RECLASSIFICATION IN THE TWELFTH SCHEDULE 40B. Committee on Imported Goods.- (1) There shall be a Committee on Imported Goods which shall consist of the following members, namely,- (a) Member Inland Revenue Policy, FBR ……… Chairperson (b) Member Inland Revenue Operations, FBR ……… Member (c) Member Taxpayers Audit, FBR ……… Member (2) The Chief Income Tax Policy shall act as secretary to the committee. (3) The Committee on Imported Goods shall be empowered to add in the Twelfth Schedule of the Ordinance any entry thereto or omit any entry therefrom or amend any entry therein. (4) The Chairperson of the Committee may, suo moto or on application of a taxpayer being an importer of…