201111.06
0
0

SRO 1012(I) 2011

SRO 283(I)/2011 dated 1st April, 2011, relating to five export oriented sectors has been replaced with SRO 1012(I)/2011 dated 4th November, 2011. Certain changes have been introduced through new notification in zero rated sectors which are as under:- i) Zero-rating of Maize Starch has been withdrawn. ii) Benefit of this notification has been extended on import of…

201110.18
0
0

Updates

1. FBR has finally agreed to suspend the operation of SRO 821(I)/2011dated 06.09.2011 requiring manufacturers, importers and exporters to indicate NTN / CNIC No. of their buyers on their invoices and in their sales tax returns. The requisite letter is likely to be issued on Monday, the 24th of October, 2011. 2. FBR has issued…

201109.20
0
0

Amendment in SRO.967(I)/2007

by in Customs

Through an amendment in SRO.967(I)/2007 dated 20th September 2007, FBR has allowed clearance of containerized cargo routed through Qasim International Container Terminal (known as QICT) from Port Qasim Karachi. The said port is operating locally developed customs clearance system know as WeBOC. Previously, containerized cargo imported through the said port was cleared from PaCCS which is owned by Agility, a…

201109.16
0
0

FBR Notification SRO 821

FBR has issued Notification No. SRO 821(1)/2011 dated 6.9.2011 for providing legal cover to its measure regarding mentioning of NTN or CNIC number of un-registered buyers. Now all importers, manufacturers and exporters are required to mention NTN or CNIC of un-registered buyers on sales tax invoices. The same will be required to be reflected in…

201109.16
0
0

FBR SRO 822

FBR has issued Federal Excise Notification No. SRO 822(I)/2011 with a view to restrict adjustment of Federal Excise Duty paid on beverage concentrate use in the manufacture of aerated waters. This adjustment has been restricted with a view to ensure that no refund claim accrues on account of use concentrate in aerated waters. At present excise duty on…

201109.06
0
0

FBR instructions for filling of Sales Tax & Federal Excise Return

Federal Board of Revenue has issued instructions for filing of Sales Tax & Federal Excise Return. Board has directed manufacturers, importers and exporters to write down CNIC/NTN on the invoices issued to unregistered buyers. This direction is effective from 01.09.2011. This restriction is however not applicable on restaurants, bakers and sweet shops on their retail…

201108.03
0
0

Notification dated 01-08-2011

Federal Government vide SRO 727(I)/2011 dated 01.08.2011 has exempted sales tax on import of plant & machinery not manufactured locally and having no compatible local substitute. Procedure for exemption is laid down in the notification. If industrial user imports the said machinery, he will submit post dated cheque equal to the amount of sales tax…