The Government of Pakistan has signed a Preferential Trade Agreement with Indonesia. As a result of this agreement, around 313 items have been subjected to concessionary rate of duty. For this purpose, notification No.SRO 741(I)/2013 dated 28.08.2013 has been issued which is available on FBR website. For individual items the notification may be perused.
Federal Government vide Finance Act, 2013 included all persons registered under the Sales Tax Act, 1990 in the list of ‘Prescribed person’ for the purposes of section 153 of the Income Tax Ordinance, 2001. Due to this amendment all sales tax registered persons are required to deduct Income tax at the prescribed rates w.e.f 01.07.2013….
GOVERNMENT OF PAKISTAN (REVENUE DIVISION) FEDERAL BOARD OF REVENUE ***** Islamabad, the 20th September, 2013. NOTIFICATION (CUSTOMS) S.R.O. 811(I)/2013–. In exercise of the powers conferred by sections 3DDD and 4 of the Customs Act, 1969 (IV of 1969), and in supersession of its…
FBR has issued SRO 334(I)/2013 to abolished the condition of NTN for selling the motor cars by the assemblers/manufacturers. This condition was imposed vide condition (xi) of SRO 656(I)/2006 dated
Vide SRO 1401(I)/2012 dated 30th November, 2012 certain amendments have been made in SRO 655(I)/2006 dated 22nd June, 2006. Rate of customs duty on import of sub-assemblies by vendors of M/cycles has been reduced from 20% to 15% for a period of one year. Rate of customs duty on import of components by vendors of…
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…
Vide SRO 595(I)/2011 dated 10.06.2011, period of warehousing has been extended upto 30th June, 2011. Penal surcharge has also been remitted on the goods which will be cleared from the warehouse from 10.06.2011 to 30.06.2011. Vide SRO 601(I)/2011 dated 13.06.2011, rules for Pak-Afghan transit trade have been issued and Federal Board of Revenue has tried…
