NEW RATES FOR TAX AT IMPORT STAGE FOR NON-FILER
In the Part-II of First Schedule, there were uniform rates of tax collection u/s 148 (Imports) for filers and non-filers.
Now, through SRO 136(I)/2015 dated 13.02.2015, different rates of tax collection have BEEN given for the filers and non-filers.
| Sr.No. | Persons | Filers | Non-filers |
| (i) Industrial undertaking importing remeltable steel (PCT Heading 72.04) and directly reduced iron for its own use;(ii) Potassic fertilizers in pursuance of Economic Coordination Committee of the Cabinet’s decision No.ECC-155/12/2004 dated the 9th December, 2004;(iii) Urea;
(iv) Manufacturers covered under Notification No. SRO 1125(I)/2011 dated the 31stDecember, 2011. |
1% of the import value | 1.5% of the import value | |
| Persons importing pulses | 2% of the import value | 3% of the import value | |
| Commercial importers covered under Notification No.SRO 1125(I)/2011 dated the 31st December, 2011 | 3% of the import value | 4.5% of the import value | |
| Ship breakers on import of ships | 4.5% | 6.5% | |
| Industrial undertakings not covered under S. Nos. 1 to 4 | 5.5% | 8% | |
| Companies not covered under S. Nos. 1 to 5 | 5.5% | 8% | |
| Persons not covered under S. Nos. 1 to 6 | 6% | 9% |
(ii) Rates of tax deduction on payments made towards services rendered have also been changed in the following manners:
| Filer | Non-Filer | ||
| (a) | Company | 8% of the gross amount payable | 12% of the gross amount payable |
| (b) | Others | 10% of the gross amount payable | 15% of the gross amount payable |