New scheme for 5 Export Oriented Sectors

Vide SRO 491(I)/2016 dated 30.06.2016, a new scheme for 5 Export Oriented Sector has been introduced.

i)          Generally, in case of supplies from registered persons to registered is zero percent subject to exception contained in the table in the provided SRO.

ii)         Adjustments of input tax, if any paid will be available; however, input tax credit or refund of packing material of all sorts has been disallowed.

iii)        Supply of furnaces oil, diesel oil and coal to the registered manufacturers of the 5 sectors shall be charged @ zero percent, subject to issuance of a general order by the Board.

A copy of the said notification can be accessed here:

https://drive.google.com/open?id=0BwUI-PxfjgugcFZTZnFoS0tYTzg