201405.29
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Waiver of Regulatory Duty on Import of Potatoes

by in Customs

Federal Government has made an amendment in SRO 808(I)/2009 dated 19.09.2009 vide SRO ____(I)/2014 dated 02.05.2014, . Through this amendment, Federal Government has waived–off 25% regulatory duty on import of 200,000 metric tons for the period from 05.05.2014 to 31.07.2014.

201405.29
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Zero-Rating of Sales Tax on Import of Potatoes

Federal Government has made amendments in SRO 549(I)/2008 dated 11.06.2008 vide SRO ____(I)/2014 dated 02.05.2014 by adding a new serial No. 12 which entitles import of 200,000 metric tons of potato imported between 05.05.2014 to 31.07.2014 for zero-rating of sales tax. Such imports shall be charged to 0% sales tax on import stage.

201405.29
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Exemption From Advance Tax on Import of Potatoes

Federal Government vide SRO ____(I)/2014 dated 02.05.2014 has made an amendment in Part IV of the Second Schedule of the Income Tax Ordinance, 2001 by inserting a new clause (56B). By virtue of newly added clause provisions of section 148  (Advance tax on imports) shall not be applicable in respect of import of 200,000 metric tons…

201405.29
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Withdrawal of Sales Tax on Services of Money Changer / Foreign Exchange Dealers

Government of Punjab vide its Notification No. SO(TAX)1-1/2013-14 dated 13.05.2014 has made an amendment in the Second Schedule (Taxable Services) of the Punjab Sales Tax on Services Act, 2012.  Through this amendment sales tax @16% levied on services provided by a foreign exchange dealer or exchange company or money changer classifiable under heading 9813.9000 and…

201405.03
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Exemption From Advance Tax on Import of Potatoes

Federal Government vide SRO ____(I)/2014 dated 02.05.2014 has made an amendment in Part IV of the Second Schedule of the Income Tax Ordinance, 2001 by inserting a new clause (56B). By virtue of newly added clause provisions of section 148  (Advance tax on imports) shall not be applicable in respect of import of 200,000 metric tons…