The Federal Government in supersession of earlier announced amnesty scheme notified vide SRO 563(I)/2012 dated 25.05.2012 announced a new amnesty scheme vide SRO 606(I)/2012 dated 01.06.2012 for payment of any amount of sales tax or federal excise outstanding on account of illegal adjustment of input tax credit, refund, drawback or rebate due to any reason….
Vide SRO 751(I)/2012 dated 18.06.2012 an amendment has bee made by the Federal Government in SRO 522(I)/2012 dated 21.05.2012 extending date for payment of duty and taxes without payment of penal surcharge in respect of un-cleared overstayed bonded goods up to 30th June, 2012. Whole amount of penal surcharge has been waived off till 30.06.2012.
Government has extended the amnesty schemes of Sales Tax allowed under SRO 548(I)/2012 and SRO 606(I)/2012 till 30th June, 2012. These schemes were otherwise expiring on 25th of June. Similarly, amnesty scheme of income tax under SRO 547(I)/2012 has also been extended till 30th June. Published on June 24, 2012 in Sales Tax. Closed Vide…
The Federal Board of Revenue has extended period of warehousing till 15.06.2012 vide SRO 522(I)/2012 dated 21st May, 2012. Importers can remove their warehoused goods without payment of penal surcharge during 21.05.2012 to 15.06.2012 on payment of leviable duty and taxes only