Amendments in SRO 1125(I)/2011, dated 31.12.2011 vide SRO 36(I)/2017, dated 23.01.2017
Vide SRO 36(I)/2017 dated 23.01.2017, Federal Government has made amendments in SRO 1125(I)/2011, dated 31.12.2011. Following amendments have been made in the notification: –
(a) Textile units registered with Ministry of Textile will be entitled to import machinery @zero% sales tax subject to the conditions that the machinery is not manufactured locally and conditions of Fifth Schedule to the Customs Act are fulfilled.
(b) Scope of the notification has been broadened to cover import of raw cotton.
(c) Scope of local supplies has been restricted from spinning stage onwards, as was the case previously.