SRO 334(I)/2013
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
Exemption of Default Surcharge and Penalties
The Federal Govt. has allowed an amnesty scheme for exemption of default surcharge and penalties provided that the outstanding arrears is paid before 30th June 2011. This amnesty is however, not available in cases of fraudulent refunds and tax frauds. Further Update Federal Board of revenue has issued a clarification vide its letter C. No….
POST BUDGET CHANGES IN DIRECT AND INDIRECT TAXES
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…