Amendment in SRO 1125(I)/2011 relating to 5 export oriented sectors
The following amendment have been made in SRO1125(I)/2011 vide SRO 575(I)/2014 dated 26-06-2014:
1- Imported finished articles of textile and other zero rated sectors were subjected to 17% sales tax on their imports. Rate of tax to be imposed on their subsequent supply was not clear. It has been now been specifically laid down that imported finished articles of leather, artificial leather and textile and textile made-ups will be charged to tax at the rate of 17% plus 2% value addition tax at the time of import and 17% at the time of local supply.
2- Locally manufactured articles will remain chargeable to sales tax as before. To ensure this, various conditions of the SRO e.g. condition no. 5, 7, 8 and Table 2 of the SRO have been suitably amended.