Updated: Monday March 30, 2015/AlEthnien Jamada El Thaniah 10, 1436/Somavara Chaitra 09, 1937, at 05:43:07 PM

The Finance Act, 2014 (along-with Bill, 2014)

to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2014, and to amend and enact certain laws

WHEREAS it is expedient to make provisions to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2014, and to amend certain laws for the purposes hereinafter appearing;

It is hereby enacted as follows:-

1. Short title, extent and commencement. ─ (1) This Act may be called the Finance Act, 2014.

(2) It extends to the whole of Pakistan.

(3) It shall, unless otherwise provided, come into force on the first day of July, 2014.

2. Amendments of Act IV of 1969. ─ In the Customs Act, 1969 (IV of 1969), the following further amendments shall be made, namely:-

(1) in section 2,-

(a) for clause (k), the following shall be substituted, namely:-

“(k) “customs-station” means any customs-station, customs- airport, an inland river port, land customs-station or any place declared as such under section 9;”; and

(b) clause (m) shall be omitted;

(2) in section 7, for the word “Central”, the word “Federal” shall be substituted;

(3) in section 18, after sub-section (1), the following new sub-section shall be inserted, namely:-

“(1A) Notwithstanding anything contained in sub-section (1), customs duties shall be levied at such rates on import of goods or class of goods as are prescribed in the Fifth Schedule, subject to such conditions, limitations and restrictions as prescribed therein.”;

(4) in section 18A, for the words, figures and brackets “Central Excises and Salt Act, 1944 (I of 1944)”, the words and figures “the Federal Excise Act, 2005” shall be substituted;

(5) in section 25,-

(a) in sub-section (5), clause (d) shall be omitted; and

(b) in sub-section (6),-

(i) for the comma, occurring for eighth time, the word “and” shall be substituted; and

(ii) the word, letter and brackets “and (d)” shall be omitted;

(6) in section 32, in sub-sections (2), (3) and (3A), after the word “duty”, the comma and word “, taxes” shall be inserted;

(7) in section 80, in sub-section (3), after the word “duty”, the comma and the words “, taxes and other charges levied thereon” shall be added;

(8) in section 81, in sub-section (1),-

(a) in the first proviso, after the word “duty”, the comma and words “, taxes and other charges” shall be inserted; and

(b) in the second proviso, for the word “tax”, the words “taxes and other charges” shall be substituted;

(9) in section 185B, for clause (a), the following shall be substituted, namely:-

“(a) no court other than the Special Judge having jurisdiction shall try an offence punishable under this Act, except the offences relating to narcotics and narcotic substances which shall be tried by the Special Courts established under the Control of Narcotics Substances Act, 1997 (XXV of 1997);”;

(10) in section 194, in sub-section (3),-

(a) for the words “Customs and Excise Group”, the words “Pakistan Customs Service” shall be substituted; and

(b) for the word “five”, the word “three” shall be substituted;

(11) the amendments set out in the First Schedule to this Act shall be made in the First Schedule to the Customs Act, 1969 (IV of 1969); and

(12) the provisions in the Second Schedule to this Act shall be added as the Fifth Schedule to the Customs Act, 1969 (IV of 1969).

3. Amendments of the Sales Tax Act, 1990.─ In the Sales Tax Act, 1990 the following further amendments shall be made, namely:-

(1) in section 2, in clause (27), for the semicolon at the end a colon shall be substituted, and thereafter the following proviso shall be added, namely:-

“Provided that the Board may through a general order specify zones or areas for the purpose of determination of highest retail price for any brand or variety of goods;”;

(2) in section 3,–

(i) in sub-section (2),–

(a) in clause (a), in the proviso, the word “and”, at the end, shall be omitted; and

(b) after clause (a), amended as aforesaid, the following new clause (aa) shall be inserted, namely:-

“(aa) goods specified in the Eighth Schedule shall be charged to tax at such rates and subject to such conditions and limitations as specified therein; and”;

(ii) after sub-section (3A), the following new sub-section shall be inserted, namely:─

“(3B) Notwithstanding anything contained in sub- sections (1) and (3), sales tax on the import and supply of the goods specified in the Ninth Schedule to this Act shall be charged, collected and paid at the rates, in the manner, at the time, and subject to the procedure and conditions as specified therein or as may be prescribed, and the liability to charge, collect and pay the tax shall be on the persons specified therein.”;

(iii) for sub-section (8), the following shall be substituted, namely:- “(8) Notwithstanding anything contained in any law or notification made thereunder, in case of supply of natural gas to CNG stations, the Gas Transmission and Distribution Company shall charge sales tax from the CNG stations at the rate of seventeen per cent of the value of supply to the CNG consumers, as notified by the Board from time to time, but excluding the amount of tax, as provided in clause (46) of section 2.”;

(iv) after sub-section (8), substituted as aforesaid, the following new sub-section shall be added, namely:-

“(9) Notwithstanding anything contained in sub-section (1), tax shall be charged from retailers through their monthly electricity bills, at the rate of five per cent where the monthly bill amount does not exceed rupees twenty thousand and at the rate of seven and half per cent where the monthly bill amount exceeds the aforesaid amount, subject to the exclusions, procedure, restrictions and limitations as prescribed in Chapter II of the Sales Tax Special Procedure Rules, 2007:

Provided that the tax under this sub-section shall be in addition to the tax payable on supply of electricity under sub- sections (1), (1A) and (5).”;

(3) in section 3B, for sub-section (2), the following shall be substituted and shall be deemed to have been always so substituted, namely:-

“(2) Notwithstanding anything contained in any law or judgment of a court, including the Supreme Court and a High Court, any amount payable to the Federal Government under sub-section (1) shall be deemed to be an arrear of tax or charge payable under this Act and shall be recoverable accordingly and any claim for refund in respect of such amount shall neither be admissible to the registered person nor payable to any court of law or to any person under direction of the court.”;

(4) in section 4, in clause (d), for the words “zero-rated goods”, the words “goods supplied at reduced rate of sales tax” shall be substituted;

(5) in section 7,–

(i) in sub-section (1),–

(a) for the word “section”, occurring for the first time, the words and figure “sections 8 and” shall be substituted;

(b) after the words “output tax”, occurring for the first time, the commas, words, brackets and figures “, excluding the amount of further tax under sub-section (1A) of section 3,” shall be inserted;

(ii) in sub-section (2), after clause (iii), the following new clause shall be inserted, namely:–

“(iiia) the goods and services against which input tax is claimed are,–

(a) imported or purchased for the purpose of sale or re-sale by the registered person on payment of tax;

(b) used directly as raw material, ingredient, part, component or packing material by the registered person in the manufacture or production of taxable goods;

(c) electricity, natural gas and other fuel consumed directly by the registered person in his declared business premises for the manufacture, production or supply of taxable goods; or

(d) plant, machinery and equipment used by the registered person in his declared business premises for the manufacture, production or supply of taxable goods.”;

(6) in section 8, in sub-section (1),–

(i) in clause (d), the word “and”, at the end, shall be omitted;

(ii) after clause (e), for full stop at the end a semicolon shall be substituted and thereafter the following new clauses shall be added, namely:-

“(f) goods and services not related to the taxable supplies made by the registered person;

(g) goods and services acquired for personal or non-business consumption;

(h) goods used in, or permanently attached to, immoveable property, such as building and construction materials, paints, electrical and sanitary fittings, pipes, wires and cables, but excluding such goods acquired for sale or re- sale or for direct use in the production or manufacture of taxable goods; and

(i) vehicles falling in Chapter 87 of the First Schedule to the Customs Act, 1969 (IV of 1969), parts of such vehicles, electrical and gas appliances, furniture, furnishings, office equipment (excluding electronic cash registers), but excluding such goods acquired for sale or re-sale.”;

(7) in section 40B, after the proviso, the following explanation shall be added, namely:–

“Explanation.– For the removal of doubt, it is declared that the powers of the Board, Chief Commissioner and Commissioner under this section are independent of the provisions of section 40.”;

(8) after section 50A, the following new section shall be inserted, namely:– “50B. Electronic scrutiny and intimation.– (1) The Board may

implement a computerized system for the purpose of automated scrutiny, analysis and cross-matching of returns and other available

data relating to registered persons and to electronically send intimations to such registered persons about any issue detected by the system.

(2) The intimation sent by the computerized system under sub-section (1) shall be in the nature of an advice or advance notice, aimed at allowing the registered person to clarify the issue, rectify any mistake or take other corrective action before any legal or penal action is initiated.

(3) The computerized system shall keep record of the issues detected, intimations sent, responses received and actions taken, and shall present such information to the officer of Inland Revenue and to the Board in the prescribed manner.

(4) The Board may prescribe procedures and specifications for the smooth and efficient operation of the computerized system.”;

(9) in the Fifth Schedule, in column (1), after Serial No. 8 and entries relating thereto in column (2), the following new serial numbers and entries relating thereto shall be added, namely:-

“9.

Goods exempted under section 13, if exported by a manufacturer who makes local supplies of both taxable and exempt goods.

10.

Petroleum Crude Oil (PCT heading 2709.0000).

11.

Raw materials, components, sub-components and parts, if imported or purchased locally for use in the manufacturing of

such plant and machinery as is chargeable to sales tax at the rate of zero percent, subject to the condition that the importer or purchaser of such goods holds a valid sales tax registration showing his registration category as “manufacturer”; and in case of import, all the conditions, restrictions, limitations and procedures as are imposed by Notification under section 19 of the Customs Act, 1969 (IV of 1969), shall apply.

12. The following goods and the raw materials, packing materials, sub-components, components, sub-assemblies and assemblies imported or purchased locally for the manufacture of the said goods, subject to the conditions, limitations and restrictions as specified in Chapter XIV of the Sales Tax Special Procedure Rules, 2007:–

(i) Colors in sets (PCT heading 3213.1000)

(ii) Writing, drawing and marking inks (PCT heading3215.9010 and 3215.9090)

(iii) Erasers (PCT heading 4016.9210 and 4016.9290)

(iv) Exercise books (PCT heading 4820.2000)

(v) Pencil sharpeners (PCT heading 8214.1000)

(vi) Geometry boxes (PCT heading 9017.2000)

(vii) Pens, ball pens, markers and porous tipped pens(PCT

heading 96.08)

(viii) Pencils including color pencils (PCT heading 96.09)

(ix) Milk including flavored milk (PCT heading 04.01 and 0402.9900)

(x) Yogurt (PCT heading 0403.1000)

(xi) Cheese (PCT heading 0406.1010)

(xii) Butter (PCT heading 0405.1000)

(xiii) Cream (PCT heading 04.01 and 04.02)

(xiv) Desi ghee (PCT heading 0405.9000)

(xv) Whey (PCT heading 04.04)

(xvi) Milk and cream, concentrated and added sugar or other sweetening matter (PCT heading 0402.1000)

(xvii) Preparations for infant use put up for retail sale (PCT heading 1901.1000)

(xviii) Fat filled milk (PCT heading 1901.9090)

(xix) Bicycles (PCT heading 87.12).”;

(10) in the Sixth Schedule,–

(i) in Table-1, in column (1),–

(a) against serial number 24, in column (3), after the figure and comma, “1510.0000,” the figure and comma “1511.1000,” shall be inserted; and

(b) against S. No. 59, in column (2) after the word, “solution” , the comma and words “, cochlear implants system”, and in column (3), after the figure “99.25”, the comma and figure “, 99.37” shall respectively be inserted; and

(c)

“72

Uncooked poultry meat

02.07

73

Milk and cream

04.01 and

04.02

74

Flavored milk

0402.9900

and 22.02

75

Yogurt

0403.1000

76

Whey

04.04

77

Butter

0405.1000

78

Desi ghee

0405.9000

79

Cheese

0406.1010

80

Processed cheese not grated or

powdered

0406.3000

81

Cotton seed

1207.2000

82

Frozen, prepared or preserved

sausages and similar products of poultry meat or meat offal

1601.0000

after serial number 71 and the entries relating thereto in columns (2) and (3), the following new serial numbers and entries relating thereto shall be added, namely:-

83	Meat and similar products of prepared frozen or preserved meat or meat offal of all types including poultry meat and fish	1602.3200, 1602.3900, 1602.5000, 1604.1100, 1604.1200, 1604.1300, 1604.1400, 1604.1500, 1604.1600, 1604.1900, 1604.2010, 1604.2020, 1604.2090, 1604.3000
84	Preparations for infant use, put up for retail sale	1901.1000
85	Fat filled milk	1901.9090
86	Colours in sets (Poster colours)	3213.1000
87	Writing, drawing and marking inks	3215.9010 and 3215.9090
88	Erasers	4016.9210

and 4016.9290
89	Exercise books	4820.2000
90	Pencil sharpeners	8214.1000
91	Energy saver lamps	8539.3910
92	Sewing machines of the household type	8452.1010 and 8452.1090
93	Bicycles	87.12
94	Wheelchairs	8713.1000 and 8713.9000
95	Vessels for breaking up	89.08
96	Other drawing, marking out or mathematical calculating instruments (geometry box)	9017.2000
97	Pens and ball pens	96.08
98	Pencils including colour pencils	96.09
99	Compost (non-chemical fertilizer) produced and supplied locally	Respective headings
100	Construction materials to Gawadar Export Processing Zone’s investors and to Export Processing Zone	Respective headings

Gawadar for development of

Zone’s infrastructure.

101

Raw and pickled hides and skins, wet blue hides and skins, finished leather, and accessories, components and trimmings, if imported by a registered leather goods manufacturer, for the manufacture of goods wholly for export, provided that conditions, procedures and restrictions laid down in rules 264 to 278 of the Customs Rules, 2001 are duly

fulfilled and complied with.

Respective headings

102

Machinery, equipment and materials imported either for exclusive use within the limits of Export Processing Zone or for making exports therefrom, and goods imported for warehousing purpose in Export Processing Zone, subject to the conditions that

such machinery, equipment,

Respective headings

materials and goods are imported by investors of Export Processing Zones, and all the procedures, limitations and restrictions as are applicable on such goods under the Customs Act, 1969 (IV of 1969) and rules made thereunder shall

mutatis mutandis, apply.

103

Import and supply thereof, up to the year 2020, of ships of gross tonnage of less than 15 LDT and all floating crafts including tugs, dredgers, survey vessels and other specialized crafts purchased or bare-boat chartered by a Pakistan entity and flying the Pakistan flag, except ships or crafts acquired for demolition purposes or are designed or adapted for use for recreation or pleasure purposes, subject to the condition that such ships or crafts are used only for the

purpose for which they were

Respective headings

procured, and in case such ships or crafts are used for demolition purposes within a period of five years of their acquisition, sales tax applicable to such ships purchased for demolition purposes shall be

chargeable.

104

Substances registered as drugs under the Drugs Act, 1976 (XXXI of 1976) and medicaments as are classifiable under Chapter 30 of the First Schedule to the Customs Act, 1969 (IV of 1969) except the following, even if medicated or medicinal in nature, namely:-

(a) filled infusion solution bags imported with or without infusion given sets;

(b) scrubs, detergents and washing preparations;

(d) adhesive plaster;

(e) surgical tapes;

Respective headings

(f) liquid paraffin; (g) disinfectants; and (h) cosmetics and toilet preparations.
105	Raw materials for the basic manufacture of pharmaceutical active ingredients and for manufacture of pharmaceutical products, provided that in case of import, only such raw materials shall be entitled to exemption which are liable to customs duty not exceeding ten per cent advalorem, either under the First Schedule to the Customs Act, 1969 (IV of 1969) or under a notification issued under section 19 thereof.	Respective headings
106	Import of Halal edible offal of bovine animals.	0206.1000, 0206.2000, 0206.8000 and 0206.9000
107	Import and supply of iodized salt

bearing brand names and

trademarks whether or not sold in retail packing.

108

Components or sub-components of energy saver lamps, namely:-

(a) Electronic Circuit

(b) Plastic Caps (Upper and Lower)

(d) Tungsten Filaments

(e) Lead-in-wire

(f) Fluorescent Powder (Tri Band Phospher)

(g) Adhesive Additive

(h) Al-Oxide Suspension

(i) Capping Cement

(j) Stamp Pad Ink

(k) Gutter for Suspension

8539.9040

3206.5010

3824.9099

3214.1050

3215.9010

2850.0000

109

Goods imported temporarily with a view to subsequent exportation, as concurred by the Board, including passenger service item, provision and stores of Pakistani

Airlines.

Respective headings

110

The following items with dedicated use of renewable source of energy like solar and wind, subject to certification by the Alternative Energy Development Board (AEDB), Islamabad:-

(a) Solar PV panels;

(b) LVD induction lamps;

(d) Wind turbines including alternators and mast;

(e) Solar torches;

(f) Lanterns and related instruments;

(g) PV modules along with related components, including invertors, charge controllers

and batteries.

8541.5000

8539.3990

9405.1090

8502.3100

8513.1040

8513.1090

8541.4000,

8504.4090,

9032.8990

and 8507.0000

111

White crystalline sugar

1701.9910

and

1701.9920

112

Following cardiology/cardiac

surgery, neurovascular, electrophysiology, endosurgery, endoscopy, oncology, urology, gynaecology, disposables and other equipment:-

A. ANGIOPLASTY PRODUCTS

1. Coronary Artery Stents

2. Drugs Eluting Coronary Artery Stents

3. Coronary Artery Dilatation Catheters (Balloons)

4. PTCA Guide Wire

5. PTCA Guiding Catheters

6. Inflation Devices/Priority Packs

B. ANGIOGRAPHY PRODUCTS

1. Angiography

Respective headings

Catheters

2. Sheaths

3. Guide Wires

4. Contrast Lines

5. Pressure Lines

6. Mannifolds

C. CONTRAST MEDIA FOR ANGIOGRAPHY/ ANGIOPLASTY

1. Angiography Accessories

2. ASD Closure Devices

3. ASD Delivery Systems

4. VSD Closure Devices

5. VSD Delivery System

6. Guide Wires

7. Sizing Balloons

8. Sizing Plates

9. PDA Closure Devices

10. PDA Delivery system

D. TEMPORARY PACEMAKERS (with leads,

connectors and accessories)

E. PERMANENT PACEMAKER (with leads, connectors and accessories)

F. HEART FAILURE DEVICES (with leads, connectors and accessories)

G. IMPLANTABLE CARDIOVERTES (with leads, connectors and accessories)

H. CARDIAC ELECTROPHYSIOLOGY PRODUCTS

1. Electrophysiology catheters

2. Electrophysiology cables

3. Electrophysiology connectors

I. LEAR CARDIOLOGY PRODUCTS

1. Radioactive isotopes

2. Cold kits (Cardioloite

MAA, DTPA etc)

J. CARDIAC SURGERY PRODUCTS

1. Oxygenators

2. Cannulas

3. Prosthetic Heart Valves

4. Luminal Shunts for heart surgery

5. Artificial limbs and appliances

K. EQUIPMENT

1. Cardiac Angiography Machine

2. Echocardiography Machines

3. ETT Machines

4. Gamma Camera for Nuclear cardiology studies

L. PERIPHERAL INTERVENTIONS EQUIPMENT Disposables and other equipment

for peripheral interventions including stents (including carotid and wall stents), balloons, sheaths, catheters, guide wires, filter wires coils, needles, valves (including rotating homeostatic valves), connecting cables, inflation devices

adaptors.

113 High Efficiency Irrigation Equipment.

(If used for agriculture sector)

1) Submersibl

75 lbs and head 1

e pumps (up to 8413.7010

50 meters)

2) Sprinklers including high 8424.8100 and low pressure (center pivotal) 8424.2010 system, conventional sprinkler

equipment, water reel traveling sprinkler, drip or trickle irrigation equipment, mint irrigation sprinkler

system.

3) Air release valves, pressure 8481.1000,

gauges, water meters, back flow 8481.3000, preventers, and automatic 9026.2000,

	controllers.	9032.8990
114	Green House Farming and Other Green House Equipment. (If used for agriculture sector)
	1) Tunnel farming equipment.	8430.3100, 8430.3900
	2) Green houses (prefabricated).	9406.0010
115 .	Plant, machinery and equipment imported for setting up fruit processing and preservation units in Gilgit-Baltistan, Balochistan Province and Malakand Division subject to the same conditions and procedure as are applicable for import of such plant, machinery and equipment under the Customs Act, 1969 (IV of 1969).	Respective headings
116 .	Plant, machinery and equipment imported for setting up industries in FATA subject to the same conditions and procedure as are applicable for import of such plant,	Respective headings.”;

machinery and equipment under the Customs Act, 1969 (IV of 1969).

(ii) in Table-2, in column (1),–

(a) against serial number 3, for the entry in column (2), the following shall be substituted, namely:-

“Supplies made by cottage industry.”;

(b)

“13

Reclaimed lead, if supplied to recognized manufacturers

of lead batteries

Respective headings

14

Waste paper

Respective

headings

15

(a)             Sprinkler Equipment

(b)             Drip Equipment

(c)              Spray Pumps and nozzles

Respective headings

16

Raw     cotton     and     ginned

cotton

Respective

headings.”; and

after the already omitted serial number 12, the following new serial numbers and entries relating thereto shall be added, namely:-

(iii) after Table-2, amended as aforesaid, the following new Table shall be added, namely:-

“Table-3

The plant, machinery, equipment and apparatus, including capital goods, specified in column (2) of the Annexure below, falling under the HS Codes specified in column (3) of that Annexure, shall be exempt from the whole of sales tax, subject to the following conditions, besides the conditions specified in column (4) of the Annexure, namely:-

(i) the imported goods as are not listed in the locally manufactured items, notified through a Customs General Order issued by the Board from time to time or, as the case may be, certified as such by the Engineering Development Board. This condition shall, however, not be applicable in respect of S. Nos. 1, 13, and 15 of the Annexure; and for such machinery, equipment and other capital goods imported as plant for setting up of a new industrial units provided the imports are made against valid contract(s) or letter(s) of credit and the total C&F value of such imports for the project is US $50 million or above;

(ii) except for S. No. 9 and 14 of the Annexure, the Chief Executive, or the person next in hierarchy duly authorized by the Chief Executive or Head of the importing company shall certify in the prescribed manner and format as per Annex-A that the imported items are the company’s bonafide requirement. He shall furnish all relevant information online to Pakistan Customs Computerized System against a specific user ID and password obtained under section 155D of the Customs Act, 1969. In already computerized Collectorates or Customs stations where the Pakistan Customs Computerized System is not operational, the Project Director or any other person authorized by the Collector in this behalf shall enter the requisite information in the Pakistan Customs Computerized System on daily basis, whereas entry of the data obtained from the customs stations which have not yet been computerized shall be made on weekly basis; and

(iii) in case of partial shipments of machinery and equipment for setting up a plant, the importer shall, at the time of arrival of first partial shipment, furnish complete details of the machinery, equipment and components required for

the complete plant, duly supported by the contract, layout plan and drawings:

Explanation.- For the purpose of Table-3, capital goods mean any plant, machinery, equipment, spares and accessories, classified in Chapters 84, 85 or any other chapter of the Pakistan Customs Tariff, required for-

(a) the manufacture or production of any goods and includes refractory bricks and materials required for setting up a furnace, catalysts, machine tools, packaging machinery and equipment, refrigeration equipment, power generating sets and equipment, instruments for testing, research and development, quality control, pollution control and the like; or

(b) use in mining, agriculture, fisheries, animal husbandry, floriculture, horticulture, livestock, dairy and poultry industry.

ANNEXURE

Description

PCT

heading

Conditions

(1)

(2)

(3)

(4)

Machinery and equipment for initial installation,

balancing, modernization,

Respective Headings

Nil

replacement or expansion of desalination plants, coal firing system, gas processing plants and oil and gas field prospecting.

2. Following machinery, equipment, apparatus, and medical, surgical, dental and veterinary furniture, materials, fixtures and fittings imported by hospitals and medical or diagnostic institutes:-

A. Medical Equipment.

1) Dentist chairs 9402.1010

Locally manufactured goods of description as specified in column (2) and pre-fabricated buildings can also be imported upon fulfillment of the following conditions, namely:- (a) The project requirement shall be approved by the Board of Investment (BOI). The authorized officer of BOI shall

2) Medical surgical dental or veterinary furniture

9402.9090

certify the item wise requirement of the project in the

3) Operating Table. 9402.9010

4) Operating Lights. 9018.9090

prescribed format and manner as per Annex-B and shall

5) Emergency Operating Lights.

6) Hospital Beds with mechanical fittings

9405.4090

9402.9020

furnish all relevant information Online to Pakistan Customs Computerized System against a specific user ID and password

7) Gymnasium equipment.	9506.9100	obtained under Section 155D of
8) Cooling Cabinet.	8418.5000	the Customs Act, 1969 (IV of
9) Refrigerated Liquid	3824.9099	1969);
Bath.
		(b) the exception shall be
10) Contrast Media	3822.0000
		available on one time basis for
Injections (for use in
		setting up of new projects and
Angiography & MRI etc).
		expansion of existing ones, and
11) Breathing Bags.	9020.0020
		shall not be available on the
12) Automatic blood cell	9018.9090
		spare parts.
counter.
13). Automatic Cell	9018.9090	(c) only those importers shall be
Separator for preparation		eligible to avail the aforesaid
of platelets.		exception whose cases are
B. Cardiology/Cardiac		recommended and forwarded by
Surgery Equipment		BOI to FBR;
1) Cannulas.	9018.3940
2) Manifolds.	8481.8090	(d) the goods shall not be sold
3) Intravenous cannula i.v.	9018.3940	or otherwise disposed of without
catheter.		prior approval of the FBR and
C. Disposable Medical		the payment of customs-duties
Devices		and taxes at statutory rates be
1) Self-disabling safety	9018.3110	leviable at the time of import.
sterile syringes.		Breach of this condition shall be

2) Insulin syringes. 9018.3110 construed as a criminal offence

3) Burettes. 7017.9000

E. Other Related Equipments

1) Fire extinguisher. 8424.1000

under the Customs Act, 1969 (IV of 1969)

2) Fixtures & fittings for hospitals

Respective Headings

3. 1. Machinery, equipment, materials, capital goods, specialized vehicles (4x4 non-luxury) i.e. single or double cabin pickups, accessories, spares, chemicals and consumables meant for mine construction phase or extraction phase.

Respective Headings

2. Construction machinery, equipment and specialized vehicles, excluding passenger vehicles, imported on temporary basis as required for mine

Respective Headings

construction or extraction

phase.

Coal mining machinery, equipment, spares, including vehicles for site use i.e. single or double cabin pick-ups, imported for Thar Coal Field.

Respective Headings

This concession shall be available to those mining companies or their authorized operators or contractors who hold permits, licenses, leases and who enter into agreements with the Government of Pakistan or a Provincial Government.

The goods shall not be sold or otherwise disposed of without prior approval of the Board and the payment of customs duties and taxes leviable at the time of import. These shall, however, be allowed to be transferred to other entitled mining companies

with prior approval of the Board.

5. 1. Machinery, equipment and spares meant for initial installation, balancing, modernization, replacement or expansion of projects for power generation through oil, gas, coal, wind and wave energy including under construction projects, which entered into an implementation agreement with the Government of Pakistan.

2. Construction machinery, equipment and specialized vehicles, excluding

passenger vehicles, imported on temporary basis as required for the construction of project.

Respective Headings

(i) This concession shall also be available to primary contractors of the project upon fulfillment of the following conditions, namely:-

(a) the contractor shall submit a copy of the contract or agreement under which he intends to import the goods for the project;

(b) the Chief Executive or head of the contracting company shall certify in the prescribed manner and format as per Annex-A that the imported goods are the projects bona fide requirement; and

(c) the goods shall not be sold or otherwise disposed of without prior approval of the FBR on payment of sales tax leviable at

the time of import;

(ii) temporarily imported goods shall be cleared against a security in the form of a post- dated cheque for the differential amount between the statutory rate of sales tax and the amount payable under this notification, along with an undertaking to pay the sales tax at the statutory rates in case such goods are not re-exported on conclusion of the project.

1. Machinery, equipment and spares meant for initial installation, balancing, modernization, replacement or expansion of projects for power generation through gas,

coal, hydel, and oil

Respective Headings

-do-

including under construction projects.

2. Construction machinery, equipment and specialized vehicles, excluding

passenger vehicles, imported on temporary basis as required for the

construction of project.

1. Machinery, equipment and spares meant for initial installation, balancing, modernization, replacement or expansion of projects for power generation through nuclear and renewable energy sources like solar, wind, micro-hydel bio-energy, ocean, waste-to-energy and hydrogen cell etc.

2. Construction machinery,

Respective Headings

-do-

equipment and specialized vehicles, excluding

passenger vehicles, imported on temporary basis as required for the construction of project.

Explanation.- The expression “projects for power generation” means any project for generation of electricity whether small, medium or large and whether for supply to the national grid or to any other user or for in house consumption.

8. 1.Machinery and equipment meant for power transmission and grid stations including under construction projects.

Explanation.- For the purpose of this serial number, “machinery and equipment” shall mean,-

(a) machinery and equipment operated by power of any description, such as is used in the generation of power;

(b) apparatus, appliances, metering and testing apparatus, mechanical and electrical control, transmission gear and

Respective Headings

-do-

transmission tower, power transmission and distribution cables and conductors, insulators, damper spacer and hardware and parts thereof adapted to be used in conjunction with the machinery and equipment as specified in clause (a) above; and

(c) components parts of machinery and equipment, as specified in clause (a) and (b) above, identifiable for use in or with machinery imported for the project and equipment including spares for purposes of the project.

2. Construction machinery, equipment and specialized

vehicles, excluding

passenger vehicles, imported on temporary basis as required for the construction of project.

9. Following machinery,

equipment and other

education and research related items imported by technical, training

institutes, research

institutes, schools,

Nil

colleges and universities:-
1) Quartz reactor tubes	7017.1010
and holders designed for
insertion into diffusion and
oxidation furnaces for
production of
semiconductor wafers.
2) Other dryers	8419.3900
3) Filtering or purifying	8421.2100
machinery and apparatus
for water

4) Other filtering or purifying machinery and apparatus for liquids	8421.2900
5) Personal weighing machines, including baby scales; household scales	8423.1000
6) Scales for continuous weighing of goods on conveyors	8423.2000
7) Constant weight scales and scales for discharging a predetermined weight of material into a bag or container, including hopper scales	8423.3000
8) Other weighing machinery having a maximum weighing capacity not exceeding 30 kg	8423.8100
9) Other weighing machinery having a maximum weighing	8423.8200

capacity exceeding 30 kg but not exceeding 5,000kg
10) Other weighing machinery	8423.8900
11) Weighing machine weights of all kinds; parts of weighing machinery of machines of heading 8423.2000 & 8423.3000	8423.9000
12) Other weighing machine weights of all kinds; parts of weighing machinery of machines of heading 8423.2000 & 8423.3000	8423.9000
13) Networking equipments like routers, LAN bridges, hubs excluding switches and repeaters.	8517.6970
14) Other furnaces and ovens	8514.3000
15) Electronic balances of	9016.0010

a sensitivity of 5 cg or better, with or without weights.
16) Other balances of a sensitivity of 5 cg or better, with or without weights.	9016.0090
17) Thermostats of a kind used in refrigerators and air-conditioners	9032.1010
18) Other thermostats	9032.1090
19) Manostats	9032.2000
20) Other instruments and apparatus Hydraulic or pneumatic	9032.8100
21) Other instruments and apparatus	9032.8990
22) Parts and accessories of automatic regulating or controlling instruments and apparatus	9032.9000
23) Spares, accessories, and reagents for scientific equipments.	Respective Headings

10. Machinery, equipment, raw materials, components and other capital goods for use in buildings, fittings, repairing or refitting of ships, boats or floating structures imported by Karachi Shipyard and Engineering Works Limited.

Respective Headings

Nil

11. Following machinery and equipment for marble, granite and gem stone extraction and processing industries:

1. For the projects of Gem Stone & Jewelery Industry, CEO/COO, Pakistan Gem and Jewelery Company shall certify in the prescribed format and

1) Polishing cream or material

2) Hand sharpening and polishing stones.

3405.4000,

3405.9000

6804.3000

manner as per Annex-B that the imported goods are bonafide project requirement. The authorized person of the

3) Fiber glass mesh 7019.5190

Company shall furnish all

5) Chain saw/diamond wire saw in all sizes and dimensions and spares

8202.4000,

8202.9100

relevant information online to Pakistan Customs Computerized System against a

thereof, diamond wire joints all types and dimensions, chain for chain saw and diamond wires for wire saw and spare widia.

6) Gin saw blades. 8202.9910

specific user ID and password obtained under section 155D of the Customs Act, 1969.

2. For the projects of Marble & Granite Industry, CEO/COO, Pakistan Stone Development

Company shall certify in the

7) Gang saw blades/diamond saw blades/multiple blades or all types and dimensions.

8) All interchangeable tools

9) Air compressor (27 cft and above)

10) Quarry winches (100 ton capacity and above.

11) Quarry winches and electric motor jacks 30 ton capacity and above.

8202.9990

8207.9000

8414.8010

8425.3100

8425.3900

prescribed format and manner as per Annex-B that the imported goods are bonafide project requirement. The authorized persons of the Company shall furnish all relevant information online to Pakistan Customs Computerized System against a specific user ID and password obtained under section 155D of the Customs Act, 1969.

12) Quarry crane. 8426.3000

13) Fork lifter 8427.9000

14) Excavators 8429.5900

3. The goods shall not be sold or otherwise disposed of within

15) Ultrasonic machine tools.

8456.2090 a period of five years of their import except with the prior

16) Sharpening machine. 8460.3900

approval of the FBR and

17) All diamond saw machines, diamond tools and segments.

8464.1000

& Respective headings

payment of customs duties and taxes leviable at the time of import.

18) Grinding machines. 8464.2010

19) Polishing machines of all types and dimensions.

8464.2090

& Respective headings

20) Other machine tools for working stones

8464.9000

21) Pneumatic machines and tools.

8467.1100

22) Horizontal and Vertical pneumatic line drilling machine. Pneumatic grinding machines.

8467.1900

23) Machine and tool for stone work; sand blasting machines; tungsten carbide tools; diamond tools & segments (all type

& dimensions), hydraulic jacking machines, hydraulic manual press machines, air/hydro pillows, compressed air rubber pipes, hydraulic drilling machines, manual and power drilling machines, steel drill rods and spring (all sizes and dimensions), whole finding system with accessories, manual portable rock drills, cross cutter and bridge

cutters.

8464.9000

& Respective headings

24) Integral drilling steel

for horizontal and vertical drilling, extension thread

8466.9100

rods for pneumatic super

long drills, tools and accessories for rock drills.

12.

Machinery, equipment and other project related items including capital goods, for setting up of hotels, power generation plants, water treatment plants and other infrastructure related projects located in an area of 30 km around the zero point in Gwadar.

Respective Headings

1. Ministry of Industries, Production & Special Initiatives, shall certify in the prescribed manner and format as per Annex-B that the imported goods are bonafide project requirement. The authorized officer of the Ministry shall furnish all relevant information online to Pakistan Customs Computerized System against a specific user ID and password obtained under section 155D of the Customs Act, 1969.

2. The goods shall not be sold or otherwise disposed of without prior approval of the FBR and payment of customs duties and

taxes leviable at the time of

import.
13.	Effluent treatment plants	Respective headings	Nil
14.	Following items with dedicated use of renewable source of energy like solar, wind, geothermal etc:-		Nil
1. Solar Home Systems.
	a). Inverters.	8504.4090
	c). Charge controllers/current controllers.	9032.8990
	d). Energy saver lamps of varying voltages (operating on DC).	8539.3910
	e). Energy saver lamps of varying voltages (operating on AC).	8539.3910
	f). Light emitting diodes (light emitting indifferent colors).	8541.5000

g). Water pumps operating

on solar energy.

8413.7090,

8413.7010

h). Water purification plants operating on solar

energy.

8421.2100

i) Batteries NiCd, Li-ion & Lead Acid specific utilization and integrated with solar electrification

system.

8507.3000

8507.8000

(j) Energy Saving Tube

Lights

8539.3920

2. Solar Parabolic

Trough Power Plants.

8502.3900

a). Parabolic Trough

collectors modules.

8503.0010

b). Absorbers/Receivers

tubes.

8503.0090

c). Steam turbine of an

output exceeding 40MW.

8406.8100

d). Steam turbine of an

output not exceeding 40MW.

8406.8200

e). Sun tracking control system.	8543.7090
f). Control panel with other accessories.	8537.1090
3. Solar Dish Sterling Engine.	8412.8090
a). Solar concentrating dish.	8543.7000
b). Sterling engine.	8543.7000
c). Sun tracking control system.	8543.7090
d).Control panel with accessories.	8406.8200
e) Generator	8501.6100
4. Solar Air Conditioning System	8415.1090
a). Absorption chillers.	8418.6990
b). Cooling towers.	8419.8910
c). Pumps.	8413.3090
d). Air handling units.	8415.8200
e). Fan coils units.	8415.9099
f). Charging & Testing equipment.	9031.8000

5. Solar Desalination System	8421.2100
a) Solar photo voltaic panels	8541.4000
b) Solar water pumps	8413.3090
c) Storage batteries.	8507.2090
d) Charge controllers.	9032.8990
e) Inverters.	8504.4090
6. Solar Thermal Power Plants with accessories.	8502.3900
7. Solar Water Heaters with accessories.	8419.1900
a) Vacuum tubes (Glass).	7020.0090
b) Selective coating for absorber plates.	Respective heading
c) Copper, aluminum and stainless steel sheets.	Respective heading
d) Copper and aluminum tubes.	Respective heading
8. PV Modules	8541.4000
a). Solar cells.	8541.4000
b) . Tempered Glass.	7007.2900
c) Aluminum frames.	7610.9000

d) O-Ring.	4016.9990
e) Flux	3810.1000
f) Adhesive labels.	3919.9090
g) Junction box + Cover	8538.9090
h) Sheet mixture of Paper and plastic	3920.9900
i) Ribbon for PV Modules (made of silver & Lead)	Respective headings
j) Bypass diodes.	8541.1000
k) EVA (Ethyl Vinyl Acetate) Sheet (Chemical).	3920.9900
9. Solar Cell Manufacturing Equipment.
a) Crystal (Grower) Puller (if machine).	8479.8990
b). Diffusion furnace.	8514.3000
c) Oven.	8514.3000
d). Wafering machine	8479.8990
e). Cutting and shaping machines for silicon ingot.	8461.9000
f). Solar grade polysilicon material.	3824.9099

g). Phosphene Gas.	2848.0000
h). Aluminum and silver paste.	Respective headings
9A Pyranometers and accessories for solar data collection	9030.8900
9B. Solar chargers for charging electronic devices	8504.4020
9C. Remote control for solar charge controller.	8543.7010
10. Wind Turbines.	8412.8090
a). Rotor	8412.9090
b). Hub	8412.9090
c) Generator	8501.6490
d) Deep cycle battery	8507.8000
10A. Wind water pump	8413.8190
11. Geothermal energy equipments.
1). Geothermal Heat Pumps	8418.6100, 8418.6990
2). Geothermal Reversible Chillers	8418.6990

equipments

4).    Hydronic heat pumps

8418.6100

5).    Slim Jim heat

8419.5000

exchangers

6).    HDPE fusion tools

8515.8000

7).    Geothermal energy

8419.8990

3).    Air handlers for indoor quality         control

8415.8300

Installation tools and Equipment

8). Dehumidification equipment

8479.6000

9). Thermostats and

9032.1090

Intelli Zone

12. Any other item

approved by the

Alternative Energy

Development Board

(AEDB) and concurred to

by the FBR.

15.

Following items for

promotion of renewable

energy technologies

Nil

	1. LVD induction lamps	8539.3990
	2. SMD, LEDs with or without ballast with fittings and fixtures.	9405.1090
	3. Wind turbines including alternators and mast.	8502.3100
	4. Solar torches	8513.1040
	5. Lanterns and related instruments	8513.1090
	6. PV module, with or without, the related components including invertors, charge controllers and batteries	8541.4000, 8504.4090, 9032.8990, 8507.0000	Subject to certification by AEDB that the inverters, charge controllers and batteries being imported are in quantities which commensurate with the PV modules being imported.
16	Plant, machinery, equipment and specific items used in production of bio-diesel.	Respective headings	The Alternative Energy Development Board (AEDB), Islamabad shall certify in the prescribed manner and format as per Annex-B that the imported goods are bonafide project requirement. The goods shall not be sold or otherwise

disposed of within a period of five years of their import except with the prior approval of the FBR and payment of customs duties and taxes leviable at the time of import.

Annex-A

Header Information
NTN/FTN of Importer				Regulatory Authority no.				Name of Regulatory authority
(1) (2)								(3)
Details of Input goods (to be filled by the chief executive of the importing company)								Goods imported (Collectorate of import)
HS Code	Descri ption	Sp ecs	Custom Duty rate (applic- able)	Sales Tax rate (appli cable)	WHT	Quantity	UO M	Quan tity impo rted	Collect orate	CR N/ Ma ch No.	Date of CRN/ Mach . No.
(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14 )	(15)

CERTIFICATE. It is certified that the description and quantity mentioned above are commensurate with the project requirement and that the same are not manufactured locally. It is further certified that the above items shall not be used for any other purpose.

Signature of Chief Executive, or the person next in hierarchy duly authorized by the Chief Executive Name

N.I.C. No.

NOTE:- In case of clearance through Pakistan Customs Computerized System, the above information shall be furnished online against a specific user I.D. and password obtained under section 155D of the Customs Act, 1969.

Explanation.-

Chief Executive means.-

1. owner of the firm, in case of sole proprietorship; or

2. partner of firm having major share, in case of partnership firm; or

3. Chief Executive Officer or the Managing Director in case of limited company or multinational organization; or

4. Principal Officer in case of a foreign company.

Annex-B

Header Information
NTN/FTN of Importer	Approval No.

(1) (2)
Details of Input goods (to be filled by the authorized officer of the Regulatory Authority)								Goods imported (Collectorate of import)
HS Code	Descri ption	Specs	Custo m Duty rate (appli cable)	Sales Tax rate (appli cable)	WHT	Quantity	UOM	Quant ity import ed	Collec torate	CRN/ Mach. No.	Date of CRN/ Mach No.
(3)	(4)	(5)	(6)	(7)	(8)	(9)	(1 0)	(11)	(12)	(13)	(14)

CERTIFICATE. Before certifying the above-authorized officer of the Regulatory Authority shall ensure that the goods are genuine and bonafide requirement of the project and that the same are not manufactured locally.

Signature

Designation

NOTE:- In case of clearance through Pakistan Customs Computerized System, the above information shall be furnished on line against a specific user I.D. and password obtained under section 155D of the Customs Act, 1969.”;

(11) after the Sixth Schedule, the following new Schedule shall be inserted, namely,-

“EIGHTH SCHEDULE

[See clause (aa) of sub-section (2) of section 3]

Table-1

S. No.	Description	Heading Nos. of the First Schedule to the Customs Act, 1969 (IV of 1969)	Rate of Sales Tax	Condition
(1)	(2)	(3)	(4)	(5)
1	Soyabean meal	2304.0000	5%
2	Oil cake and other solid residues, whether or not ground or in the form of pellets	2306.1000	5%
3	Directly reduced iron	72.03	5%
4	Oilseeds meant for sowing.	Respective headings	5%	Import thereof subject to the condition that Plant Protection Department of Ministry of

Food, Agriculture and Livestock certifies that the imported seeds are fungicide and insecticide treated and are

meant for sowing.

Raw cotton and

ginned cotton

Respective

headings

On import

Plant and

machinery not manufactured locally and having no compatible local substitutes

Respective headings

(i) On import of such plant and machinery by registered manufacturers, post-dated cheque(s) equal to the differential amount of sales tax payable at import stage, shall be submitted to the customs authorities, which shall be returned on furnishing proof of filing of first sales tax return after import of such machinery, showing the import of such machinery;

(ii) On import by commercial

differential

amount

of

sales tax

payable

at

importers, good-for- payment cheque, bank guarantee, pay order or treasury challan showing deposit, equal to the import stage, shall be submitted to the customs authorities, which shall be returned back, or as the case may be, refunded, after evidence of subsequent supply to registered manufacturers or industrial users is furnished to the customs authorities;

(iii) Supply of such imported plant and machinery by commercial importers to unregistered persons or persons other than

manufacturers shall be liable to standard rate of tax, and evidence to that effect shall be produced to the customs authorities for release of the abovementioned instruments or refund of the amount paid at import stage;

(iv) Subsequent supply of plant and machinery imported or acquired by registered manufacturers to unregistered persons or persons other than manufacturers shall be liable to tax at standard rate; and

(v) the validity period of instruments furnished under this provision shall not be less than one

hundred and twenty days.

Explanation.–– For the

purpose of this provision, plant and machinery means such plant and machinery as is used in the manufacture or production of goods.

Table-2

Plant, machinery, equipment and apparatus, including capital goods, specified in column (2) of the Annexure below, falling under the HS Codes specified in column (3) of that Annexure, shall be charged to sales tax at the rate of five percent, subject to the following conditions, besides the conditions specified in column (4) of the Annexure, namely:-

(i). the imported goods as are not listed in the locally manufactured items, notified through a Customs General Order issued by the Board from time to time or, as the case may be, certified as such by the Engineering Development Board. This condition shall, however, not be applicable in respect of S. Nos. 1, 5 and 6 of the Annexure; and for such machinery, equipment and other capital goods imported as plant for setting up of a new industrial units provided the imports are made against valid contract(s) or letter(s) of credit and the total C&F value of such imports for the project is US $ 50 million or above;

(ii) the Chief Executive, or the person next in hierarchy duly authorized by the Chief Executive or Head of the importing company shall certify in the prescribed manner and format as per Annex-A that the imported items are the company’s bonafide requirement. He shall furnish all relevant information Online to Pakistan Customs Computerized System against a specific user ID and password obtained under section 155D of the Customs Act, 1969. In already computerized Collectorates or Customs stations where the Pakistan Customs Computerized System is not operational, the Project Director or any other person authorized by the Collector in this behalf shall enter the requisite information in the Pakistan Customs Computerized System on daily basis, whereas entry of the data obtained from the customs stations which have not yet been computerized shall be made on weekly basis; and

Explanation.-In this Table the expression, capital goods mean any plant, machinery, equipment, spares and accessories, classified in chapters 84, 85 or any other chapter of the Pakistan Customs Tariff, required for-

(a) the manufacture or production of any goods, and includes refractory bricks and materials required for setting up a furnace, catalysts, machine tools, packaging machinery and equipment, refrigeration equipment, power generating sets and equipment, instruments for testing, research and development, quality control, pollution control and the like; or

(b) use in mining, agriculture, fisheries, animal husbandry, floriculture, horticulture, livestock, dairy and poultry industry.

Annexure

S. No	Description	PCT heading	Conditions
(1)	(2)	(3)	(4)
1	Machinery and equipment for development of grain handling and storage facilities.	Respective Headings	Nil
2	Cool chain machinery and equipment.	Respective Headings	Nil
3 .	Following items imported by Call Centers, Business Processing Outsourcing facilities duly approved by Telecommunication		Nil

Authority.
1) UPS, inverters/converters.	8504.4010 8504.4090
2) Fax machines	8443.3260
3) Photo copiers	8443.3910
4) IP Phones	8517.1890
5) Telephone sets/head sets.	8517.1100
6) Dialers	8517.7000
7) Generator.	8502.1200
8) Cat 5/Cat 6/Power cables	8544.4990
9) PAPX Switch	8517.6290
10) Multimedia projectors	8528.6110
11) Video conferencing equipment.	8525.8090
12) CCTV	8525.8010
13) Plasma TV	8528.7212
14) PUD’s	8525.8090
15) Dedicated telephone exchange system for call centers.	8517.6290
16. Parts, voice cards.	8517.7000

17. Other (digital call

recorders)

8519.8990

18. VAST terminals

8525.6040

1. Machinery, equipment, materials, capital goods, specialized vehicles (4x4 non luxury) i.e. single or double cabin pickups, accessories, spares, chemicals and consumables meant for mineral exploration phase.

2. Construction machinery, equipment and specialized vehicles, excluding passenger vehicles, imported on temporary basis as required for the exploration phase.

Respective Headings

1. This concession shall be available to those Mineral Exploration and Extraction Companies or their authorized operators or contractors who hold permits, licenses, leases and who enter into agreements with the Government of Pakistan or a Provincial Government.

2. Temporarily imported goods shall be cleared against a security in the form of

a post-dated cheque

for the differential amount between the statutory rate of customs duty and sales tax and the amount payable under this notification, along with an undertaking to pay the customs duty and sales tax at the statutory rates in case such goods are not re-exported on conclusion of the project.

3. The goods shall not be sold or otherwise disposed of without prior approval of the FBR and the payment of customs duties and taxes leviable at the time of

import. These shall however be allowed to be transferred to other entitled mining companies with prior

approval of the Board.

Complete plants for

relocated industries.

Respective

Headings

Nil

Machinery, equipment and other capital goods meant for initial installation, balancing, modernization, replacement or expansion of oil refining (mineral oil, hydro- cracking and other value added petroleum products), petrochemical and petrochemical downstream products including fibers and heavy chemical industry, cryogenic facility for

ethylene storage and

Respective Headings

Nil

handling.
7.	Proprietary Formwork System for building/structures of a height of 100 ft and above and its various items/ components consisting of the following, namely:-	7308.4000	(i) If not manufactured locally and imported by the construction companies registered with the Pakistan Engineering Council;
	1) Plastic tube.	3917.2390	(ii) the system is to be procured from a well renowned international manufacturer;
	2) Plastic tie slot filters/plugs, plastic cone.	3926.9099	(iii) a certificate from one of the following International Pre- shipment Inspection Companies/Survey Firms to the extent that all the components/parts are to be used in the

Proprietary Formwork System for

construction of structures/buildings of more than 100 feet height, is produced,

namely:-

3) Standard steel ply panels, Special sized steel ply panels, wedges, tube clamps (B-Type & G Type), push/pull props, brackets (structure), steel soldiers (structure), drop head, standard, prop tic, buard rail post (structure), coupler brace, cantilever frame, decking beam/Infill beam and doorway angles.

7308.4000

(a) Messrs Lloyds of London; (b) Messrs Quality Tech, LLC;

Veritas; and (e) Messrs SGS; and (iv) The Pakistan Engineering Council shall certify that the imported Proprietary Formworks System conform to the requirement of the

Company’s project..

4) Lifting Unit (Structure)

7308.9090

-do-

5) Bolts, tie bolts, anchor bolt assembly (fastener), anchor screw (fastener).	7318.1590	-do-
6) Nuts	7318.1690	-do-
7) Steel pins, tie wing nut (fastener).	7318.1900	-do-
8) Steel washers, water plate (fastener).	7318.2290	-do-
9) Special hammers	8205.2000	-do-
10) Extraction keys.	8205.5900	-do-
11) Adjustable base jack (thread rod with nut and steel plate), adjustable fork head (threaded rod with nut and steel channel).	8425.4900	-do-

Annex-A

Header Information

NTN/FTN of Importer

Regulatory authority no.             Name of Regul

atory authority

(1)                                                        (2)                                             (

Details of Input goods (to be filled by the chief        Goods importe executive of the importing company)                                    of import)

3)

d (Collectorate

HS Code

Descri ption

Sp ecs

Custo m Duty rate (applic

-able)

Sales Tax rate (appli cable)

WHT

Quantity

UO M

Quan tity impo rted

Collect orate

N/ Ma ch No.

Date of CRN/

Mach. No.

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

(14)

(15)

CERTIFICATE. It is certified that the description and quantity mentioned above are commensurate with the project requirement and that the same are not manufactured locally. It is further certified that the above items shall not be used for any other purpose.

Signature of Chief Executive, or the person next in hierarchy duly authorized by the Chief Executive Name

N.I.C. No.

NOTE:- In case of clearance through Pakistan Customs Computerized System, the above information shall be furnished on line against a specific user I.D. and password obtained under section 155D of the Customs Act, 1969.

Explanation.-

Chief Executive means.-

1. owner of the firm, in case of sole proprietorship; or

2. partner of firm having major share, in case of partnership firm; or

3. Chief Executive Officer or the Managing Director in case of limited company or multinational organization; or

4. Principal Officer in case of a foreign company.

Annex-B

Header Information
NTN/FTN of Importer				Approval No.
(1) (2)
Details of Input goods (to be filled by the authorized officer of the Regulatory Authority)								Goods imported (Collectorate of import)
HS Code	Descri ption	Specs	Custom Duty rate (applica ble)	Sales Tax rate (applic able)	WHT	Quantity	UOM	Quantity imported	Collect orate	CRN /Mac h. No.	Date of CRN / Mac h No.
(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)

CERTIFICATE. Before certifying the above-authorized officer of the Regulatory Authority shall ensure that the goods are genuine and bonafide requirement of the project and that the same are not manufactured locally.

Signature _ Designation

NOTE:- In case of clearance through Pakistan Customs Computerized System, the above information shall be furnished on line against a specific user I.D. and password obtained under section 155D of the Customs Act, 1969.”; and

(11) After the Eighth Schedule, inserted as above, a new Ninth Schedule

shall be added, namely,-

“NINTH SCHEDULE

[See sub-section (3B) of section 3]

TABLE

(1)	(2)	(3)
Description / Specification of Goods	Sales tax payable at the time of import	Sales tax payable at the time of registration of a new International Mobile Equipment Identity (IMEI) number
A. Low Priced Cellular Mobile Phones or Satellite Phones i. All cameras: 2.0 mega-pixels or less ii. Screen size: 2.6 inches or less iii. Key pad	Rs. 150 per phone	Rs. 250 per registration
B. Medium Priced Cellular Mobile Phones or Satellite Phones i. One or two cameras: between	Rs. 250 per phone	Rs. 250 per registration

2.1 to 10 mega-pixels

ii. Screen size: between 2.6 inches and 4.2 inches

iii. Micro-processor: less than 2

GHZ

C. Smart Cellular Mobile Phones or Satellite Phones

i. One or two cameras: 10 mega- pixels and above

ii. Touch Screen: size 4.2 inches and above

iii. 4GB or higher Basic Memory

iv. Operating system of the type IOS, Android V2.3, Android Gingerbread or higher, Windows 8 or Blackberry RIM

v. Micro-processor: 2GHZ or

higher, dual core or quad core

Rs. 500 per phone

Rs. 250 per registration

LIABILITY, PROCEDURE AND CONDITIONS

i. The liability to pay sales tax at the time of import of cellular mobile phones or satellite phones shall be on the importer, and the liability to pay sales tax at the time of registration of a new International Mobile

Equipment Identity (IMEI) number for the first time shall be on the Cellular Mobile Operator who registers the IMEI number in his system.

ii. The Cellular Mobile Operators shall, if not already registered, obtain registration under the Sales Tax Act, 1990.

iii. No IMEI shall be registered by a Cellular Mobile Operator without charging and collecting the sales tax as specified in the Table.

iv. The Cellular Mobile Operator shall deposit the sales tax so collected through his monthly tax return in the manner prescribed in section 26 of the Sales Tax Act, 1990, and rules made thereunder.

v. The Cellular Mobile Operator shall maintain proper records of all IMEI numbers registered for a period of six years, and such records shall be produced for inspection, audit or verification, as and when required, by an authorized officer of Inland Revenue.

vi. The Pakistan Telecommunication Authority shall provide data regarding IMEI numbers registered with other Cellular Mobile Operators to prevent double taxation on the same IMEI number in case of switching by a subscriber from one operator to another, and to provide data regarding registration of IMEI numbers to the Board on monthly basis.

vii. No adjustment of input tax shall be admissible to the Cellular Mobile Operator or any purchaser of cellular mobile phone against the sales tax charged and paid in terms of this Schedule.”.

viii. Notwithstanding anything contained in any other law for the time being in force, the levy, collection and payment of sales tax under Notification No.

S.R.O. 460(I)/2013 dated the 30^thMay, 2013, shall be always deemed to have

been lawfully and validly, levied, collected and paid in accordance with sub- section (3B) of section 3 of the Sales Tax Act, 1990.

4. Amendment of Act XVII of 1996. ─ In the Pakistan Telecommunication (Re- organization) Act, 1996 (XVII of 1996), the following further amendment shall be made and shall be deemed to have been so made on the 1^stof March, 2014, namely:-

In the aforesaid Act, in section 33A, in sub-section (4), clause (c) shall be omitted.

5. Amendment of Ordinance (XXIV of 2001). ─ In the Controller General of Accounts (Appointments, Functions and Powers) Ordinance, 2001 (XXIV of 2001), in section 5, in clause (b), ─

(a) after the word “may” the commas and words “, with the approval of the President,” shall be inserted; and

(b) for the semi colon, at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely:-

“Provided that in case of exigency Ministry of Finance or Finance Departments, as the case may be, may authorize payments directly from the State Bank of Pakistan and submit such information to Controller General to enable him to record the transactions;”.

6. Amendments of Ordinance XLIX of 2001. ─ In the Income Tax Ordinance, 2001 (XLIX of 2001), the following further amendments shall be made, namely:-

(1) in section 2,-

(a) clauses (8), (9), (10) and (11) shall be re-numbered as clauses (9), (10), (11) and (8) respectively;

(b) after clause (23), the following new clause shall be inserted, namely:-

“(23A) “filer” means a taxpayer whose name appears in the active taxpayers’ list issued by the Board from time to time or is holder of a taxpayer’s card;”;

(i) for the word “and”, occurring for the first time, a comma shall be substituted;

(ii) after the figure “234”, the word and figure “and 236M” shall be inserted;

(iii) the words and commas “but does not include, in case of a shareholder of a company, the amount representing the face value of any bonus share or the amount of any bonus declared, issued or paid by the company to the shareholders with a view to increasing its paid up share capital”, shall be omitted;

(d) after clause (35B), the following new clause shall be inserted, namely:-

“(35C) “non-filer” means a person who is not a filer;”;

(e) after clause (59A), the following new clause shall be inserted, namely:-

“(59B) “Special Judge” means the Special Judge appointed under section 203;”; and

(f) after clause (61), the following new clause shall be inserted, namely:-

“(61A) “stock fund” means a collective investment scheme or a mutual fund where the investible funds are invested by way of equity shares in companies, to the extent of more than seventy per cent of the investment;”;

(2) section 4A shall be omitted;

(3) in section 8,-

(i) in clause (d), for the word “sections”, the word “section” shall be substituted;

(ii) in clause (e), for the word “sections”, the word “section” shall be substituted.

(4) in section 13, in sub-section (8), the word “the”, occurring last, shall be omitted;

(5) in section 18, in sub-section (3), for the word “lesser”, occurring twice, the word “lessor” shall be substituted;

(6) in section 21, in clause (e), after the word “fund”, occurring for the second time a comma shall be inserted;

(7) in section 31, in sub-section (1), for the expression “Banking Tribunals Ordinance, 1984” the expression “Financial Institutions (Recovery of Finances) Ordinance, 2001 (XLVI of 2001)” shall be substituted;

(8) in section 37, in sub-section (1A), the words and comma “held for a period upto two years,” shall be omitted;

(9) in section 37A, in sub-section (1),-

(a) first proviso shall be omitted;

(b) in the second proviso, the word “further” shall be omitted;

(d) after sub-section (3), amended as aforesaid, the following new sub-section shall be inserted, namely:-

“(4) For the purpose of this section, “debt securities” means-

(a) Corporate Debt Securities such as Term Finance Certificates (TFCs), Sukuk Certificates (Sharia Compliant Bonds), Registered Bonds, Commercial Papers, Participation Term Certificates (PTCs) and all kinds of debt instruments issued by any Pakistani or foreign company or corporation registered in Pakistan; and

(b) Government Debt Securities such as Treasury Bills (T-bills), Federal Investment Bonds (FIBs), Pakistan Investment Bonds (PIBs), Foreign Currency Bonds, Government Papers, Municipal Bonds, Infrastructure Bonds and all kinds of debt instruments issued by Federal Government, Provincial Governments, Local Authorities and other statutory bodies.”

(10) in section 39, in sub-section (1),-

(i) in clause (j), the word “and” shall be omitted;

(ii) in clause (l), after the semicolon the word “and” shall be added;

(iii) after clause (l), amended as aforesaid, the following new clause shall be added, namely:-

(iv) income arising to the shareholder of a company, from the issuance of bonus shares.”;

(11) in section 49, after sub-section (4), for the full stop at the end a colon shall be substituted and the following proviso shall be added namely,

“Provided that the income from sale of spectrum licenses by Pakistan Telecommunication Authority on behalf of the Federal Government after the first day of March 2014 shall be treated as income of the Federal Government and not of the Pakistan Telecommunication Authority.”;

(12) in section 56A, for the word “onword”, the word “onward” shall be substituted;

(13) in section 59AA, in sub-section (6), for the words “Central Board of Revenue” the word “Board” shall be substituted;

(14) section 88A shall be omitted;

(15) in section 92, in sub-section (1), for full stop, at the end, a colon shall be substituted and thereafter the following proviso shall be added,

namely,-

“Provided that if at least one member of the association of persons is a company, the share of such company or companies shall

be excluded for the purpose of computing the total income of the association of persons and the company or the companies shall be taxed separately, at the rate applicable to the companies, according to their share.”;

(16) in section 100B, in sub-section (2), for clause (d), the following clause shall be substituted, namely:-

“(d) a company, in respect of debt securities only; and”;

(17) after section 100B, the following new section shall be inserted, namely:- “100C. Tax credit for certain persons.- (1) Non-profit organizations, trusts or welfare institutions, as mentioned in sub-section

(2) shall be allowed a tax credit equal to one hundred per cent of the tax payable, including minimum tax and final taxes payable under any of the provisions of this Ordinance, subject to the following conditions, namely:-

(a) return has been filed;

(b) tax required to be deducted or collected has been deducted or collected and paid; and

(2) Persons eligible for tax credit under this section include-

(a) any income of a trust or welfare institution or non-profit organization from donations, voluntary contributions, subscriptions, house property, investments in the

securities of the Federal Government and so much of the income chargeable under the head "income from business" as is expended in Pakistan for the purposes of carrying out welfare activities:

Provided that in the case of income under the head "income from business", the exemption in respect of income under the said head shall not exceed an amount which bears to the income, under the said head, the same proportion as the said amount bears to the aggregate of the incomes from the aforesaid sources of income.

(b) a trust administered under a scheme approved by the Federal Government in this behalf and established in Pakistan exclusively for the purposes of carrying out such activities as are for the benefit and welfare of—

(i) ex-servicemen and serving personnel, including civilian employees of the Armed Forces, and their dependents; or

(ii) ex-employees and serving personnel of the Federal Government or a Provincial Government and their dependents, where the said trust is administered by a committee nominated by the Federal Government or, as the case may be, a Provincial Government;

(c) a trust or welfare institution or non-profit organization approved by Chief Commissioner for the purposes of this sub-clause;

(d) income of a university or other educational institution being run by a non-profit organization existing solely for educational purposes and not for purposes of profit;

(e) any income which is derived from investments in securities of the Federal Government, profit on debt from scheduled banks, grant received from Federal Government or Provincial Government or District Governments, foreign grants and house property held under trust or other legal obligations wholly, or in part only, for religious or charitable purposes and is actually applied or finally set apart for application thereto:

Provided that nothing in this clause shall apply to so much of the income as is not expended within Pakistan:

Provided further that if any sum out of the amount so set apart is expended outside Pakistan, it shall be included in the total income of the tax year in which it is so expended or of the year in which it was set apart, whichever is the greater, and the provisions of section 122 shall not apply to any assessment made or to be made in

pursuance of this proviso.

Explanation.— Notwithstanding anything contained in the Mussalman Wakf Validating Act, 1913 (VI of 1913), or any other law for the time being in force or in the instrument relating to the trust or the institution, if any amount is set apart, expended or disbursed for the maintenance and support wholly or partially of the family, children or descendents of the author of the trust or the donor or, the maker of the institution or for his own maintenance and support during his life time or payment to himself or his family, children, relations or descendents or for the payment of his or their debts out of the income from house property dedicated, or if any expenditure is made other than for charitable purposes, in each case such expenditure, provision, setting apart, payment or disbursement shall not be deemed, for the purposes of

this clause, to be for religious or charitable purposes; or

(f) any income of a religious or charitable institution derived from voluntary contributions applicable solely to religious or charitable purposes of the institution:

Provided that nothing contained in this clause shall apply to the income of a private religious trust which does not ensure for the benefit of the public.”

(18) in section 113,-

(i) in sub-section (1), for the words “equal to one per cent of the person’s turnover for the year”, the words “the amount of minimum tax computed on the basis of rates as specified in Division IX of Part I of First Schedule” shall be substituted; and

(ii) in sub-section (2), in clause (b), for the words “an amount equal to one per cent of the person’s turnover for the year”, the words “minimum tax computed on the basis of rates as specified in Division IX of Part I of First Schedule” shall be substituted;

(19) after section 113B, the following new section 113C shall be inserted, namely:-

113C. Alternative Corporate Tax.- (1) Notwithstanding anything contained in this Ordinance, for tax year 2014 and onwards, tax payable by a company shall be higher of the Corporate Tax or Alternative Corporate Tax.

(2) For the purposes of this section.-

(a) “Accounting Income” means the accounting profit before tax for the tax year, as disclosed in the financial statements or as adjusted under sub- section (7) or sub-section (11) excluding share from the associate recognized under equity method of accounting;

(b) "Alternative Corporate Tax" means the tax at a rate of seventeen per cent of a sum equal to accounting income less the amounts, as specified in sub- section (8), and determined in accordance with provisions of sub-section (7) hereinafter;

(c) “Corporate Tax” means total tax payable by the company, including tax payable on account of minimum tax and final taxes payable, under any of the provisions of this Ordinancebut not including those mentioned in sections 8, 161 and 162 and any amount charged or paid on account of default surcharge or penalty and the tax payable under this section.

(3) The sum equal to accounting income, less any amount to be excluded therefrom under sub-section (8), shall be treated as taxable income for the purpose of this section.

(4) The excess of Alternative Corporate Tax paid over the Corporate Tax payable for the tax year shall be carried forward and adjusted against the tax payable under Division II of Part I of the First Schedule, for following year.

(5) If the excess tax, as mentioned in sub-section (4), is not wholly adjusted, the amount not adjusted shall be carried

forward to the following tax year and adjusted as specified in sub-section (4) in that year, and so on, but the said excess cannot be carried forward to more than ten tax years immediately succeeding the tax year for which the excess was first computed.

Explanation.- For the purpose of this sub-section the mechanism for adjustment of excess of Alternative Minimum Tax over Corporate Tax, specified in this section, shall not prejudice or affect the entitlement of the taxpayer regarding carrying forward and adjustment of minimum tax referred to in section 113 of this Ordinance.

(6) If Corporate Tax or Alternative Corporate Tax is enhanced or reduced as a result of any amendment, or as a result of any order under the Ordinance, the excess amount to be carried forward shall be reduced or enhanced accordingly.

(7) For the purposes of determining the “Accounting Income”, expenses shall be apportioned between the amount to be excluded from accounting income under sub-section (8) and the amount to be treated as taxable income under sub-section (2).

(8) The following amounts shall be excluded from accounting income for the purposes of computing Alternative Corporate Tax:-

(i) exempt income;

(ii) income subject to tax under section 37A and final tax chargeable under sub-section (7) of section 148, section 150, sub-section (3) of section 153, sub-section (4) of sections 154, 156 and sub- section (3) of section 233; and

(iii) income subject to tax credit under section 65D and 65E.

(9) The provisions of this section shall not apply to taxpayers chargeable to tax in accordance with the provisions contained in the Fourth, Fifth and Seventh Schedules.

(10) Tax credit under section 65B shall be allowed against Alternative Corporate Tax.

(11) The Commissioner may make adjustments and proceed to compute accounting income as per historical accounting pattern after providing an opportunity of being heard.”;

(20) in section 114, in sub-section (1), in clause (b), in sub-clause (ix), after the word “is” the words “a resident person” shall be inserted;

(21) in section 122B, for the words “Regional Commissioner”, wherever occurring, the words “Chief Commissioner” shall be substituted.

(22) in section 127,-

(a) for the words “taxation officer”, the words” Officer of Inland Revenue” shall be substituted;

(b) in sub-section (2), in clause (b), for the word “again”, the word “against” shall be substituted;

(23) in section 130, in sub-section (4),-

(i) in clause (b), the word “or”, occurring at the end, shall be omitted;

(ii) in clause (c), for the full stop, at the end, a semicolon and the word “or” shall be substituted and thereafter the following new clause shall be added, namely:-

“(d) a person who has, for a period of not less than ten years, practiced professionally as a cost and management accountant within the meaning of Cost and Management Accountants Act, 1966 (XIV of 1966).”;

(24) in section 148,-

(a) in sub-section (7), in clause (d),-

(i) in sub-clause (viii), for the words “ with Sales Tax Department” the expression “under the Sales Tax Act, 1990”shall be substituted;

(ii) in sub-clause (ix), for the words, “ for sales tax purposes” the expression “under the Sales Tax Act, 1990” shall be substituted; and

(b) after sub-section (8), the following new sub-section shall be inserted, namely:-

“(8A) The tax collected under this section at the time of import of ships by ship-breakers shall be final tax.”;

(25) in section 149, after sub-section (2), the following new sub-sections shall be added, namely:-

“(3) Notwithstanding anything contained in sub-sections

(1) and (2), every person responsible for making payment for directorship fee or fee for attending board meeting or such fee by whatever name called, shall at the time of payment, deduct tax at the rate of twenty percent of the gross amount payable .

(4) Tax deductible under sub-section (3) shall be adjustable.”;

(26) in section 150, for the expression “Division III of Part I” the expression “Division I of Part III” shall be substituted;

(27) in section 151,

(a) in sub-section (i), after the word “Division” for the figure “I” the figure “IA” shall be substituted; and

(b) in sub-section (3), for the full stop, at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely:-

“Provided that in the case of a non-filer other than a company the final tax shall be equal to the tax deductible in the case of filer and the tax deducted in excess of that shall be advance income tax adjustable against tax liability.”;

(28) in section 153, in sub-section (1), in clause (c),-

(i) after the word and comma “contract,”, the words “including contract signed by a sportsperson” shall be inserted; and

(ii) for the words “other than” , the words “ but not including” shall be substituted;

(29) in section 156, in sub-section (3), after the word “under”, occurring for the second time, the word and hyphen “sub-” shall be inserted;

(30) in section 159, in sub-section (4), for the word “one”, the word “on” shall be substituted;

(31) in section 169, in sub-section (1), in clause (b), for the word “of”, occurring for the eighth time, the word “or” shall be substituted;

(32) after section 181A , the following new section shall be inserted, namely:---

“181AA. Compulsory registration in certain cases.- (1) Notwithstanding anything contained in any law, for the time being in force , any application for commercial or industrial connection of electricity or natural gas, shall not be processed and such connection shall not be provided unless the person applying for electricity or gas connection is registered under section 181.”;

(33) in section 203, in sub-section (i), for full stop at the end a colon shall be substituted and thereafter the following proviso shall be added, namely:-

“Provided that the Federal Government may, by, notification in official Gazette, declare that a special judge appointed under section 185 of the Customs Act 1969 (IV of 1969) shall have jurisdiction to try offences under this Ordinance.”;

(34) for section 231B, the following shall be substituted, namely:-

“231B. Advance tax on private motor vehicles.— (1) Every motor vehicle registering authority of Excise and Taxation Department shall collect advance tax at the time of registration of a new locally manufactured motor vehicle, at the rates specified in Division VII of Part IV of the First Schedule.

(2) Every motor vehicle registering authority of Excise and Taxation Department shall collect advance tax at the time of

transfer of registration or ownership of a private motor vehicle, at the rates specified in Division VII of Part IV of the First Schedule.

(3) Every manufacturer of a motor car or jeep shall collect, at the time of sale of a motor car or jeep, advance tax at the rate specified in Division VII of Part IV of the First Schedule from the person to whom such sale is made.

(4) Sub-section (1) shall not apply if a person produces evidence that tax under sub-section (2) in case of a locally manufactured vehicle or tax under section 148 in the case of imported vehicle was collected from the same person in respect of the same vehicle.

(5) The advance tax collected under this section shall be adjustable:

Provided that the provisions of this section shall not be applicable in the case of –

(a) the Federal Government;

(b) a Provincial Government;

(d) a foreign diplomat; or

(e) a diplomatic mission in Pakistan.”;

(35) after section 235, the following new sections shall be inserted, namely:- “235A. Domestic electricity consumption.- (1) There

shall be collected advance tax at the rates specified in Division XIX of

Part IV of the First Schedule on the amount of electricity bill of a domestic consumer.

(2) The person preparing electricity consumption bill shall charge advance tax under sub-section (1) in the manner electricity consumption charges are charged.

(3) Tax collected under this section shall be adjustable against tax liability.

235B. Tax on steel melters, re-rollers etc.- (1) There shall be collected tax from every steel melter, steel re-roller, composite steel units, registered for the purpose of Chapter XI of Sales Tax Special Procedure Rules, 2007 at the rate of one rupee per unit of electricity consumed for the production of steel billets , ingots and mild steel (MS products) excluding stainless steel .

(2) The person preparing electricity consumption bill shall charge and collect the tax under sub-section (1) in the manner electricity consumption charges are charged and collected.

(3) The tax collected under sub- section (1) shall be deemed to be the tax required to be deducted under sub-section (1) of section 153, on the payment for local purchase of scrap.

(4) Tax collected under sub-section (1) shall be non- adjustable and credit of the same shall not be allowed to any person.”;

(36) in section 236B,-

(a) in sub-section (2), for the words “person preparing” the words “airline issuing” shall be substituted;

(b) after sub-section (2), amended as aforesaid, the following new sub-section shall be inserted, namely,-

“(2A) The mode, manner and time of collection shall be as may be prescribed.”;

(37) after section 236J, the following new sections shall be inserted, namely:-

“236K. Advance tax on purchase or transfer of immovable property.—(1) Any person responsible for registering or attesting transfer of any immovable property shall at the time of registering or attesting the transfer shall collect from the purchaser or transferee advance tax at the rate specified in Division XVIII of Part IV of the First Schedule.

(2) The advance tax collected under sub-section (1) shall be adjustable.

(3) The advance tax under this section shall not be collected in the case of the Federal Government, a Provincial Government, a Local Government or a foreign diplomatic mission in Pakistan.

(4) Nothing contained in this section shall apply to a scheme introduced by the Federal Government, or Provincial Government or an Authority established under a Federal or Provincial law for expatriate Pakistanis.

236L. Advance tax on purchase of international air ticket.— (1) Every airline, operating in Pakistan, shall collect advance tax at the rates specified in Division XX of Part IV of the First Schedule, on the gross amount of international air tickets issued to passengers booking one-way or return, from Pakistan.

(2) The airline issuing air ticket shall collect or charge advance tax under sub-section (1) in the manner air ticket charges are collected or charged, either manually or electronically.

(3) The mode, manner and time of collection under sub- section (1) and time of collection shall be as may be prescribed.

(4) The advance tax collected under sub-section (1) shall be adjustable.

236M. Bonus shares.- (1) Every person issuing bonus shares to a shareholder of the company, shall collect tax at the rate of five per cent on the value of the bonus shares determined on the basis of day-end price on the first day of closure of books.

(2) The company issuing bonus shares shall make adequate arrangements for collection of such tax and in case of default, said tax shall be collected from the company, without prejudice to any other liability which it may incur under this Ordinance.

(3) Tax required to be collected under this section shall be a final tax on the income of the shareholder of the company arising from issuance of bonus shares.”;

(38) in section 239, in sub-section (13), for the words and comma, “amended, modified”, the words and comma “amend, modify” shall be substituted;

(39) in the FIRST SCHEDULE,-

(I) in Part I,-

(A) in Division I,-

(i) after paragraph (1A), the following new paragraph shall be inserted, namely:-

“(IB) Where the taxable income in a tax year, other than income on which the deduction of tax is final, does not exceed one million rupees of a person-

(i) holding a National Database Registration Authority’s Computerized National Identity Card for disabled persons; or

(ii) a taxpayer of the age of not less than sixty years on the first day of that tax year,

the tax liability on such income shall be reduced by 50%.”;

(ii) paragraph (2) shall be omitted.

(B) For Division III, the following shall be substituted, namely:-

“Division III

Rate of Dividend Tax

The rate of tax imposed under section 5 on dividend received from a company shall be -

(a) 7.5% in the case of dividends declared or distributed by purchaser of a power project privatized by WAPDA or on shares of a company set up for power generation or on shares of a company, supplying coal exclusively to power generation projects; and

(b) 10%, in all other cases:

Provided that the dividend received by a person from a stock fund shall be taxed at the rate of 12.5% for tax year 2015 and onwards, if dividend receipts are less than capital gains:

Provided further that the dividend received by a company from a collective investment scheme or a mutual fund, other than a stock fund, shall be taxed at the rate of 25% for tax year 2015 and onwards.”;

“TABLE

S.No.	Period.	Tax Year.	Rate of tax.
(1)	(2)	(3)	(4)
1.	Where holding period of a security is less than six months.	2011 2012 2013 2014	10% 10% 10% 10%
2.	Where holding period of a security is more than six months but less than twelve months.	2011 2012 2013 2014	7.5% 8% 8% 8%
TAX YEAR 2015
3.	Where holding period of a security is less than twelve months.	12.5%
4.	Where holding period of a security is twelve months or more but less than twenty-four months.	10%
5.	Where holding period of a security is twenty-four	0%

months or more.”

(D) in Division VIII, in the TABLE, after S.No 2, the following new S.No and corresponding entries relating thereto in columns (2) and (3), shall be added, namely:-

“3. Where holding period of 0% immovable property is more

than two years.”;

(E) after Division VIII, amended as aforesaid, the following new Division shall be added, namely,-

“Division IX

Minimum tax under section 113

S.No	Person(s)	Minimum Tax as percentage of the person’s turnover for the year
(1)	(2)	(3)
1.	(a) Oil marketing companies, Oil refineries, Sui Southern Gas Company Limited and Sui Northern Gas Pipelines Limited ( for the cases where annual turnover exceeds	0.5%

	rupees one billion.); (b) Pakistan International Airlines Corporation; and (c) Poultry industry including poultry breeding, broiler production, egg production and poultry feed production.
2.	(a) Distributors of pharmaceutical products, fertilizers and cigarettes; (b) Petroleum agents and distributors who are registered under the Sales Tax Act, 1990; (c) Rice mills and dealers; and (d) Flour mills.	0.2%
3.	Motorcycle dealers registered under the Sales Tax Act, 1990.	0.25%
4.	In all other cases.	1%

“

(II) for Part II, the following shall be substituted, namely:-

“PART-II

RATES OF ADVANCE TAX

[See Division II of Part V of Chapter X]

The rate of advance tax to be collected by the Collector of Customs under section 148 shall be-

S.No.	Persons	Rate
(1)	(2)	(3)
1.	(i) Industrial undertaking importing remeltablesteel (PCT Heading 72.04) and directly reduced iron for its own use; (ii) Persons importing potassic fertilizers in pursuance of Economic Coordination Committee of the cabinet’s decision No. ECC-155/12/2004 dated the 9^thDecember, 2004; (iii) Persons importing urea; and (iv) Manufacturers covered under Notification No. S.R.O. 1125(I)/2011 dated the 31^stDecember, 2011 dated the 31^stDecember, 2011.	1% of import value as increased by customs- duty, sales tax and federal excise duty
2.	Persons importing pulses	2% of import value as increased by customs- duty, sales tax and

		Federal excise duty
3.	Commercial importers covered under Notification No. S.R.O. 1125(I)/2011 dated the 31^stDecember, 2011.	3% of import value as increased by customs- duty, sales tax and federal excise duty
4.	Ship breakers on import of ships	4.5%
5.	Industrial undertakings not covered under S. Nos. 1 to 4	5.5%
6.	Companies not covered under S. Nos. 1 to 5	5.5%
7.	Persons not covered under S. Nos. 1 to 6	6%

(III) Part IIA shall be omitted;

(IV) in Part III,-

(a) for Division I, the following shall be substituted, namely:-

“Division I Advance Tax on Dividend

The rate of tax to be deducted under section 150 shall be-

(a) 7.5% in the case of dividends declared or distributed by purchaser of a power project privatized by WAPDA or on

shares of a company set up for power generation or on shares of a company, supplying coal exclusively to power generation projects;

(b) 10% for filers other than mentioned in (a) above;

Provided that the rate of tax required to be deducted by a collective investment scheme or a mutual fund shall be-

	Stock Fund	Money market Fund, Income Fund or any other fund
Individual	10%	10%
Company	10%	25%
AOP	10%	10%

Provided further that in case of a stock fund if dividend receipts of the fund are less than capital gains, the rate of tax deduction shall be 12.5%

Division IA

Profit on Debt

The rate of tax to be deducted under section 151 shall be 10% of the yield or profit for filers and 15% of the yield or profit paid, for non-filers:

Provided that for a non-filer, if the yield or profit paid is rupees five hundred thousand or less, the rate shall be ten per cent”;

(b) in Division III,-

(A) in paragraph (1), in sub-paragraph (b),-

(i) in clause (i), for the figure “3.5”, the figure “4” shall be substituted; and

(ii) in clause (ii), for the figure “4”, the figure “4.5” shall be substituted;

(B) in paragraph (2), in sub-paragraph (ii),-

(i) in clause (a), for the figure “6”, the figure “8” shall be substituted; and

(ii) in clause (b), for the figure “8”, the figure “10” shall be substituted;

(i) in sub-paragraph (i), for the figure “6”, the figure “7” shall be substituted;

(ii) in sub-paragraph (ii), for the figure “6.5”, the figure “7.5” shall be substituted; and

(iii) after sub-paragraph (ii), amended as aforesaid, the following new sub-paragraph shall be added, namely :-

“(iii) 10% of the gross amount payable in case of sportspersons.”;

(d) in Division VIA, for the figure “10”, the figure “12” shall be substituted;

(V) in Part IV,-

(a) for Division II, the following shall be substituted, namely:-

“Division II Brokerage and Commission

The rate of collection under sub-section (1) of section 233 shall

be.-

(a) 7.5% of the amount of the payment, in case of advertising agents;

(b) 12% of the amount of payment in all other cases.”;

(b) in Division III,-

(i) for clause (3), the following shall be substituted, namely:-

“(3) in case of other private motor cars shall be as following,-

S No.	Engine capacity	for filers	for non-filer
(1)	(2)	(3)	(4)
1.	upto 1000cc	Rs. 1,000	Rs.1,000
2.	1001cc to 1199cc	Rs. 1,800	Rs. 3,600
3.	1200cc to 1299cc	Rs. 2,000	Rs.4,000
4.	1300cc to 1499cc	Rs. 3,000	Rs.6000
5.	1500cc to 1599cc	Rs 4,500	Rs 9,000
6.	1500cc to 1999cc	Rs. 6000	Rs.12,000
7.	2000cc & above	Rs. 12,000	Rs.24,000”

”

(ii) for clause (4), the following shall be substituted, namely:-

“(4) where the motor vehicle tax is collected in lump sum,—

No.

Engine capacity

for filer

for non-filer

(1)

(2)

(3)

(4)

1.	upto 1000cc	Rs. 10,000	Rs.10,000
2.	1001cc to 1199cc	Rs. 18,000	Rs. 36,000
3.	1200cc to 1299cc	Rs. 20,000	Rs.40,000
4.	1300cc to 1499cc	Rs. 30,000	Rs.60,000
5.	1500cc to 1599cc	Rs 45,000	Rs 90,000
6.	1600cc to 1999cc	Rs. 60,000	Rs.120,000
7.	2000cc and above	Rs. 120,000	Rs.240,000”

(d) in Division VI, after the word “withdrawn” the words and figures “for filers and 0.5% of the cash amount withdrawn, for non-filers” shall be inserted;

(e) for Division VII, the following shall be substituted, namely:-

“Division VII

Advance tax on purchase of private motor car and jeep The rate of tax under sub-sections (1), (2) and (3) of section 231B shall be as follows:–

S. No.

Engine Capacity

Tax for filer

Tax for

			Non-filer
(1)	(2)	(3)	(4)
1.	Upto 850cc	Rs. 10,000	Rs. 10,000
2.	851cc to 1000cc	Rs. 20,000	Rs. 25,000
3.	1001cc to 1300cc	Rs. 30,000	Rs. 40,000
4.	1301cc to 1600cc	Rs. 50,000	Rs. 100,000
5.	1601cc to 1800cc	Rs. 75,000	Rs. 150,000
6.	1801cc to 2000cc	Rs.100,000	Rs. 200,000
7.	2001cc to 2500cc	Rs.150,000	Rs. 300,000
8.	2501cc to 3000cc	Rs.200,000	Rs. 400,000
9.	Above 3000cc	Rs.250,000	Rs. 450,000”

“;

(f) in Division X, after the word “received” the words and figures “for filers and 1% of the gross amount of the consideration received for non-filers.” shall be added;

(g) in Division XI, for the figure”10” the figure “5” shall be substituted;

(h) after Division XVII, the following new Divisions shall be added, namely:-

“Division XVIII

Advance tax on purchase of immovable property The rate of tax to be collected under section 236K

shall be:-

S.No	Period	Rate of Tax
(1)	(2)	(3)
1.	Where value of Immovable property is up to 3 million.	0%
2.	Where the value of Immovable property is more than 3 million	Filer	1%
		Non-Filer 2%

Provided that the rate of tax for Non-Filer shall be 1% upto the date appointed by the Board through notification in official gazette.

Division XIX

Advance tax on domestic electricity consumption

The rate of tax to be collected under section 235A shall be-

(i) 7.5% if the amount of monthly bill is Rs.100,000 or more; and

(ii) 0% the amount of monthly bill is less than Rs.100,000.

Division XX

Advance tax on international air ticket

The rate of the rate of tax to be collected under section 236L shall be:-

S. No.	Type of Ticket	Rate
(1)	(2)	(3)	(4)
		Filer	Non- Filer
1.	Economy	0%	0%
2.	First/Business/Club class	3%	6%”

(40) in the SECOND SCHEDULE,-

(I) in Part I,

(a) in clause (4), in sub-clause (b) for the words “income year”, the words “tax year” shall be substituted;

(b) clause (35) shall be omitted;

“(xiii) Sindh Province Pension Fund established under the Sindh Province Pension Fund Ordinance, 2002.”;

(d) clauses (58), (58A), (59) and (60) shall be omitted;

(e) in clause (66),

(i) sub-clause (v) shall be omitted;

(ii) clause (xxiv), occurring for the second time, clause (xxv), clause (xxvii), clause (xxviii), occurring thrice and clause (xxix) shall be re-numbered as clauses (xxv), (xxvi), (xxvii), (xxviii), (xxix), (xxx) and (xxxi) respectively;

(iii) after sub-clause (xxxi), renumbered as aforesaid, the following new sub-clause shall be added, namely:-

“(xxx) Greenstar Social Marketing Pakistan (Guarantee) Limited.”;

(f) clauses (81A), (88A), (92A) and (93A) shall be omitted;

(g) in clause (99), for the full stop, at the end, a colon shall be substituted and thereafter, the following proviso shall be added, namely:-

“Provided that for the purpose of determining distribution of at least 90% of accounting income, the income distributed through bonus shares, units or certificates as the case may be, shall not be taken into account.”;

(h) for clause (126) the following shall be substituted, namely,-

“(126) Any income derived by a public sector university”

(i) for clause (126A) the following shall be substituted, namely:-

“(126A) income derived by China Overseas Ports Holding Company Limited from Gwadar Port operations for a period of twenty years, with effect from the sixth day of February, 2007.”;

(j) after clause (126G), the following new clause shall be inserted, namely:-

“(126H) Profits and gains derived by a taxpayer, from a fruit processing or preservation unit set up in Balochistan Province, Malakand Division, Gilgit-Baltistan and FATA between the first day of July, 2014 to the thirtieth day of June, 2017, both days inclusive, engaged in processing of locally grown fruits, for a period of five years beginning with the month in which the industrial undertaking is set up or commercial production is commenced, whichever is later.”;

(k) after clause (132A), the following new clause shall be inserted, namely:-

“(132B) Profits and gains derived by a taxpayer from a coal mining project in Sindh, supplying coal exclusively to power generation projects.”;

(l) clause (135) shall be omitted;

(II) in Part II,-

(a) in clause (3),-

(i) after the word, “rendered” the words “ and construction contracts” shall be inserted;

(ii) for the words, “such receipts” the words “ receipts from services and income from contracts” shall be substituted; and

(b) clauses (3A), (9B), (9C), (13E), (13HH), (13HHH) and (17) shall

be omitted;,

“(18A) The rate of tax as specified in Division II of Part I of the First Schedule shall be reduced to 20% for a company setting up an industrial undertaking between the first day of July, 2014 to the thirtieth day of June, 2017, for a period of five years beginning from the month in which the industrial undertaking is

set up or commercial production is commenced, whichever is later:

Provided that fifty percent of the cost of the project including working capital is through owner equity foreign direct investment.”;

(d) clauses (19), (20), (23), (24), (24B), (26), (29) and (30) shall be omitted;

(III) in Part III,-

(a) in clause (1), in sub-clause (1), in paragraph (a), the word and comma “pilots,” shall be omitted;

(b) clause (1A) shall be omitted;

“(1AA) Total allowances received by pilots of any Pakistani airlines shall be taxed at a rate of 7.5%, provided that the reduction under this clause shall be available to so much of the allowances as exceeds an amount equal to the basic pay.”; and

(d) Clause (5), (7), (8), (9), (10), (11), (12), (13), (14) and clause (15)

shall be omitted;

(IV) in Part IV,-

(a) after clause (5), the following new clauses shall be inserted, namely:-

“(9A) Provisions of clause (a) of sub-section (1) of section 153, shall not apply to steel melters , steel re-rollers , composite

steel units, as a payer, in respect of purchase of scrap, provided that tax is collected in accordance with section.

(9AA) Provisions of clause (a) of sub-section (1) of section 153, shall not apply to ship breakers as recipient of payment:

Provided that this clause shall only apply for ships imported after the 1^stJuly 2014.”;

(b) clauses (10) and (10A) shall be omitted;

“and clause (132B)”;

(d) clause (38B) shall be omitted;

(e) in clause (38C), after the word, “section”, the figure and comma “150,” shall be inserted;

(f) clauses (41A), (41AA), (41AAA) and (41B) shall be omitted;

(g) after clause (56A), the following new clauses shall be inserted, namely:-

“(56B) The provisions of sub-section (7) of section 148, and clause (a) of sub-section (1) of section 169 shall not apply to a person being a commercial importer if the person opts to file return of total income along with accounts and documents as may be prescribed, subject to the condition that minimum tax liability under normal tax

regime shall not be less than 5.5%, of the imports, if the person is a company and 6% otherwise.

(56C)The provisions of sub-section (3) of section 153, in respect of sale of goods and clause (a) of sub-section (1) of section 169 shall not apply to a person, if the person opts to file return of total income along with accounts and documents as may be prescribed subject to the condition that minimum tax liability under normal tax regime shall not be less than 3.5% of the gross amount of sales, if the person is a company and 4% otherwise.

(56D) The provisions of sub-section (3) of section 153, in respect of contracts and clause (a) of sub-section (1) of section 169 shall not apply to a person if the person opts to file return of total income along with accounts and documents as may be prescribed subject to the condition that minimum tax liability under normal tax regime shall not be less than 6% of contract receipts, if the person is a company and 6.5% otherwise.

(56E) The provisions of sub-section (2) of section 153 and clause (a) of sub-section (1) of section 169 shall not apply in respect of a person if the person opts to file return of total income along with accounts and documents as may be prescribed subject to the condition that minimum tax

liability under normal tax regime shall not be less than 0.5% of gross amount of services received.

(56F)The provisions of sub-section (2) of section 156A and clause (a) of sub-section (1) of section 169 shall not apply in respect of a person if the person opts to file return of total income along with accounts and documents as may be prescribed, subject to the condition that minimum tax liability under normal tax regime shall not be less than 10% of the commission or discount received.

(56G)The provisions of sub-section (3) of section 233 and clause (a) of sub-section (1) of section 169 shall not apply in respect of a person if the person opts to file return of total income along with accounts and documents as may be prescribed, subject to the condition that minimum tax liability under normal tax regime shall not be less than 10% of the commission.”;

(h) in clause 57,-

(i) the following new explanation shall be added, namely:- “Explanation.- For the removal of doubt, exemption

under this clause, in respect of section 153, shall only be available as a recipient and not as withholding agent.”;

(ii) in clause (57), in sub-clause (vi), for the words, “with Sales Tax Department” the words, comma and figure “under the Sales Tax Act, 1990” shall be substituted;

(i) clauses (80), (84), (85), (87) and (88) shall be omitted;

(41) in the THIRD SCHEDULE, in Part II, in clause (1), for the figure “25”, occurring for the second time, the figure “10” shall be substituted; and

(42) in the SEVENTH SCHEDULE,-

(A) in rule 6,-

(i) for the words “income under the head “Dividend” and” the words “net income from “Dividend” and net income from” shall be substituted; and

(ii) for the words “per cent”, the words “and twelve and a half, respectively” shall be substituted; and

(B) after rule 6, amended as aforesaid, the following new rules shall be inserted:-

“ 6A. For the purpose of rule 6, net income from dividend shall be computed according to the following formula, namely:-

(A/C) x B

where-

A is the total amount of expenditure as per this Schedule; B is the gross amount of dividend received; and

C is the gross amount of receipts including dividend.

6B. For the purpose of rule 6, net income from capital gains shall be computed according to the following formula, namely:-

(A/C) x B

where-

A is the total amount of expenditure as per this Schedule; B is the gross amount of capital gains; and

C is the gross amount of receipts including capital gains.”.

7. Amendments of the Federal Excise Act, 2005. ─ In the Federal Excise Act, 2005, the following further amendments shall be made, namely:-

(1) in section 13, in sub-section (4), in the proviso, for the full stop, at the end, a colon shall be substituted and thereafter, the following new proviso shall be added, namely:-

“Provided further that the Board may through a general order specify zones or areas only for the purpose of determination of highest retail price for any brand or variety of goods.”;

(2) in the First Schedule,–

(a) in Table I, in column (1),–

(i) for S. Nos. 9 and 10 and the corresponding entries relating thereto in columns (2), (3) and (4), the following shall respectively be substituted, namely:–

“9. Locally produced cigarettes if their on-

24.02 Rupees two thousand six hundred

pack printed retail price exceeds rupees two thousand seven hundred and six per

thousand cigarettes

and thirty two per thousand cigarettes.

10.

Locally produced cigarettes if their on- pack printed retail price does not exceed rupees two thousand seven hundred and six per thousand

cigarettes

24.02

Rupees one thousand and eighty five per thousand cigarettes.”;

(ii) against S. No. 13, in column (4), for the words “four hundred rupees per metric ton” the words “five per cent of the retail price” shall be substituted; and

(iii) against S. No. 55, in column (2), for the word “Motor”, the words “Imported motor” shall be substituted;

(iv) in the heading “Restrictions” in the sub-heading “Variant at different price points” for figures and hyphen “2012-13” the words “of the current financial year” shall be substituted; and

(b) in Table-II, in column (1),–

(i) against S. No. 3, in column (2), in entry (b),

(a) against sub-entry (i), in column (4), for the words “Three thousand eight hundred and forty” the words “Five thousand” shall be substituted; and

(b) against sub-entry (ii), in column (4), for the words “Six thousand eight hundred and forty” the words “Ten thousand” shall be substituted;

(ii) against S. No. 6,–

(a) in column (2), after the word “services”, the comma and words “, excluding such services in the area of a Province where such Province has imposed Provincial sales tax and has started collecting the same through its own Board or Authority, as the case may be” shall be added; and

(b) in column (4), for the word “nineteen”, the word “Eighteen” shall be substituted; and

(iii) after S. No. 14, the following new serial number and corresponding entries relating thereto in columns (2), (3) and (4) shall be added, namely:–

“15. Chartered flights 98.03 Sixteen per

cent of the charges.”.

8. Amendment of Act XXI of 2011.─ In the Gas infrastructure Development Cess Act, 2011 (XXI of 2011), the following further amendments shall be made namely:-

(1) in section (3) for the full stop, at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely:-

“Provided that the Federal Government may decide to levy any rate of Cess on any category of gas consumers subject to maximum rate provided in the Second Schedule.”;

(2) in the First Schedule,─

(a) in entry 4, the word “and”, at the end, shall be omitted;

(b) in entry 5, for the full stop, at the end, a semi colon and the word “and” shall be substituted and thereafter the following shall be added, namely:-

“6. Oil and Gas Development Company Limited; and

7. Any other company engaged in sale of gas to any category of gas consumers as notified in the official gazette.”;

(3) for the Second Schedule, the following shall be substituted, namely:- “THE SECOND SCHEDULE

[See Section 3]

Maximum

No. Sector

Rate of Cess (Rs/MMBTU)

(1)	(2)	(3)
1.	Fertilizer – Feed Stock	300
2.	Fertilizer – Fuel Stock	300
3.	Compressed Natural Gas (CNG)	300
4.	Industrial	300
5.	Captive Power	300
6.	WAPDA / KESC / GENCOs	300
7.	Independent Power Plants (IPPs)	300
8.	Commercial including Ice Factories	300
9.	Cement	300
10.	Liberty Power Plant	-
11.	Domestic	-.”.

9. Repeal of Income Support Levy Act of 2013.- The Income Support Levy Act, 2013 is hereby repealed.

STATEMENT OF OBJECTS AND REASONS

The purpose of this Bill is to make financial provisions for the year beginning on the first day of July, 2014. Various provisions have been explained in the Notes on Clauses.

(MUHAMMAD ISHAQ DAR)

Minister for Finance and Revenue

EXTRAORDINARY PUBLISHED BY AUTHORITY

ISLAMABAD, THURSDAY, JUNE 26, 2014

PART !

Acts, Ordinances,President's Orders and Regulations NATIONAL ASSEMBLY SECRETARIAT

Islamabad, the 26/h Jzme, 20J4

No. F. 22 (11)12014-Legis.-The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on the 25th June, 2014 and is hereby published for general information:-

ACI No. !X OF 20 14

An Act togive ejfecl to 1hefin.ancial proposals of 1he Federal Government for the year beginning on thefirs/ day of July. 2014 and to amend and enact certain lalvs

WHEREAS it is expedient to make provisions to give effect to the financial proposa ls of the Federal Government for the year beginni ng on the first day of July, 2014 and to amend ce1tain laws for the purposes herei nafter appearing;

It is hereby enacted as follows:---

1. Short title, extent and commencement.-{I) This Act may be called the Finance Act, 2014.

4. It extends to the whole of Pakistan.

5. lt shall come into force from the first day of Ju ly, 2014, except sub-sections (11) and (12) of section 2 and sub- sections (2), (9), (10), (I 1) <\nd

(13)of section 4 which shall have effect from cbe next day of assent given to th is Act by the President of the Islam ic Republic of Pakistan.

2. Amendments of Act IV of 1969. - In the Customs Act, 1969

(IV of I 969), the following further amendments shal l be made, namely:-

(12) in section 2,-

(i) for clause (k), the following sha ll be substituted, namely:-

^"(k)"custon1s-station'' means any custorns-statlon, customs-airport, an inland river po1t, land customs station or any place declared as such under section 9;";

and

(b) clause (m) shall be omitted;

(a) in section 7, for the word "Central", the word "Federal" shall be substituted;

(b) in section 18, after sub-section (I), the following new sub-section shall be inserted, namely:-

"( I A) otwithstanding anythi ng contained in su b-section (I), customs duties shall be levied at such rates on import of gpods or class of goods as are prescribed in the Fifth Schedu le, subject to such conditions, limitations and restrictions as prescribed therein.' ;

(c) in section J 8A, for the words, figures and brackets "Central Excis<?S and Sa lt Act, I 944 (I of I 944)'', the words and figures "t he Federal Excise Act, 2005" shall be substituted;

(d) in section 25,-

(i) in sub-sect.ion (5), clause (d) shall be om itted; and

(ii) in sub-section (6),-

• for the com ma, occurring for eighth time, the word "and"sha ll be substituted ; a11d

• the word, letter and brackets "and (d)" sha U be omitted;

(j) in section 32, in sub-sections (2), (3) and (3A), after the word "duty", the comma and word ".taxes" shall be inserted;

(k) in section 80, i n sub-section (3),after the word "duty", the comma and the words ", taxes and other charges levied thereon" shal l be inserted;

(5) in section 81, in sub-section (!),-

• in the first proviso, after the word '' duty", the comma and words ", taxes and other charges"sha l l be inse11ed;and

{b) in the second proviso, for the word "tax", the words "laxes and other charges"shall be substituted;

(6) in section 1858, for clause (a), the followi ng shall be su bstituted, namely:-

"(a) no court other than the Special Judge havingjurisdiction shall try an o!Tence punishable under this f\ct, except the offences relating to narcotics and narcotic substances wh ich shal l be tried by the Special Courts establishe:d under the Control of Narcotic Substances Act, 1997 (XXV of 1997);";

(7) in section 194, in sub-sect.ion (3),-

• for the words "Customs and Exci:se Group", the words "Pakistan Customs Service"shall be s·ubstituted ; and

• for the word "five",the word "three" s:hall be substitu ted;

( 11) the amendments set out i n the First Schedule to th is Act shall be made in the First Schedule to the Customs Act, 1969 (IV of 1969); and

13. the provisions in the Second Schedule to this Act shall be added as the Fifth Schedu le to tbe Customs Act, J 969 (IV of 1969).

3. Amendment of Act XXVU of 1974.-- In the Members of Parliament (Sa laries and Allowances) Act, 1974 (XX VH of 1974), in section 4, in sub-section (I),for t he words "seven hundred and fitly", the words "two thousand" shall be substituted.

4. Amendments of the Sales Tax Act, 1990.- In the Sales Tax Act,

1990, the following fu1ther amendments shall he made, namely:-

(I) in section 2, in clause (27), for the semicolon at the eod a colon shall be substituted, and thereafter the following proviso shall be added, namely:-

"Provided that the Board may through a general order specify zones or areas for the purpose of determ ination of highest retail price for any brand or variety of goods;";

(i) in section 3,-

• i n sub-section (2),-

• in clause (a), in the proviso, the word "and", at the end, shall.be omitted; and

• atler clause (a), amended as aforesaid, the following

new clause (aa) shall be inserted, namely:-

"(aa) goods specified in the Eigh th Schedule shall be charged to tax at such rates and subject to such cond itions and limitations as specified · therein; and";

• after sub-section (3A), the following new sub-section shall be inse11ed, namely:-

"(38) Notwithstanding anyth ing contained in sub· sections (I) and (3),sales tax on the import and supply of the goods specified in the Ninth Schedule to this Act shall be charged.collected and paid at the rates, in the manner, at the time, and subject to the procedure and cond itions as specified therein or as may he prescribed, and the liability to charge, collect and pay the tax shall be on the persons specified therein.';

• for sub-section (8), the following shall be substituted, namely:-

"(8) Notwithstanding anything contained in any law or notification made thereunder, in case of supply of natural gas

to CNG stations, the Gas Transmis.sion and Distrib11tion Company shall charge sales tax from t he CNG stations at the rate of seventeen per cent of the value of supply to the CNG consumers, as notified by the Board Jrom time to time, but excludiog the amount of tax, as provided in clause (46) of section 2. '

• after sub-section (8), substituted as aforesaid, the following new sub-section shall be added, namely:-

"(9) Notwithstanding anything c•ontained in sub-section (I ), tax shall be charged from retailers through their monthly electricity bi lls,at the rate of five per cent where the moothly bill amount does not exceed rupees twenty thousand and at the rate of seven and half per cent where the monthly bill amount exceeds the aforesaid amount, su bject to the exclusions, proced ure, restriction s and limitations as prescribed in Chapter II of the Sale.s Tax Special Procedure Rul es,2007:

Provided that the tax under this sub-section shall lie in addition to the tax payable on supply eof electricity under sub sections (1),(I A) and (5).";

(f) in section 3B, for sub-section (2), th• following shall be substituted and shall be deemed to have been always sosubstituted, namely:-

"(2) Notwithstanding anything contained in any law or judgment of a court, including the Supreme Court and a High Court, any amount payable to the Federal Govern ment under sub section (I) shall be deemed tO be an arrear c•f tax or charge payable

u nder this Act and shall be recoverable acc•ordingly and any claim for refund in respect of such amount shall neither be admissible to the registered person nor payable to any <:ourt of law or to any person under direction of the comt.";

(g) i n section 4, in clause (d), for the words "zero-rated goods", the words "go(lds al reduced rate of sales tax" shall be substituted;

(h) i n section 7, i n sub-section (1) -

• for the word "section", occurring for the first time, the words and figure "sections 8 and" shall be substituted ; and

• after the words "ou tput tax'', the commas, words, brackets and figures ", excluding the amount of forther tax under sub section ( I A) of section 3," shall be i nserted;

(i) in section 8, i n sub-section ( I ),-

(i) in clause (d), the word "and", at the end, shall be omitted;

(j) after clause (e), for full stop at the end a semicolon sha ll be substituted and thereafter the following new clauses shall be added, namely:-

"(f) goods and services not related to the taxable supplies made by the registered person;

• goods and services acqu ired for personal or non business consumption;

• goods used i n, or permanently attached to, immoveable prope1ty, such as building and construction materials, paints, electrical and sanitary fitti ngs, pipes, wires and cables, but excluding such goods acquired for sale or re sa le or for direct use in the production or manufacture of taxable goods;and

• vehicles falling in Chapter 87 of the First Schedule to the Customs Act, 1969 (IV of 1969), paits of such vehicles, electrical and gas appliances, furniture, furnishings, office equ ipment (excluding elc.crron ic cash registers), but exclud ing such goods acquired for sale or rc-sale.n;

(j) in section 40B, after the proviso, the following explanation sha ll be added, namely:-

"Explarwrion.- For the removal of doubt, it is declared that the powers of the Board, Chief Commissioner and Comm issioner under this section are independent of the provisions of section 40.";

(k) after sect.ion 50A, the following new section shall be inserted, namely:-

"SOB. Rlectroi:tic scrutiny aod iotimation.-(1) The Board may implement a computerized system for the purpose of automated scrntiny, analysis and cross-matching of returns and other available data relating to registered persons and to electronically send intimations to such registeJ'ed persons about any issue decectcd by the system.

(f) The i ntimation sent by the computerized system u nder sub-section ( I ) shal l be in t he nature of an advice or advance notice, aimed at allowing the registered person to.clarify the issue, rectify any mistake or take other corrective aciioo beforn any legal or penal actioo is initiated.

(g) The computerized system shall be so implemented so as to keep record of the issues detected, intimations sent, rnsponses received and actions taken, and to pre.sent such information to the officer of In land Revenue and to the Board in the prescribed 1nanner.

(h) The Board may prescribe procedures and speci fications for chc smooth and ctllcient operation of the computerized systent.,,;

(l) in the Fiflh Schedule, in column ( I ),after· Serial No. 8 and entries relating thereto in column (2), the following new seria l numbers and entries relating thereto shall be added, namely:-

"9. Goods exempted under section 13, if exported by a manufacturer who makes local supplies of both taxable and exempt goods.

10. Pecroleum Crude Oil (PCT heading 2709 .0000).

I I . Raw materials, components, sub-components and parts, if imported or purchased locally for use i n the manufacn1ring of such plant and machinery as is chargeable to sales tax at the rate of zero percent, subject to t he condition tl1at the impo11er or purchaser of such goods holds a valid sales tax registration showing h is registration category as

·'manu facturer"; and in case of im port, all the conditions, restrictions, limitations and procedures as are imposed by not ification under section 19 of the Customs Act, 1969

(JV of 1969), shall apply.

12. Tl,e following goods and the raw materials, packing material>, sub-components, components, sub-assembl ies and assemblies impo1ted or purchased locally for the manufacture of the said goods, subject to the conditions, limitations and restrictions as specified in Chapter X IV of the Sales Tax Special Procedure. Rules, 2007:-

(i) Colors in seis (PCT heading 3213. lOOO)

(ii) Wriiing, drawing and marking inks (PCT heading 3215.9010 and 32 15.9090)

(iii) Erasers (PCT head ing 4016.92 10 and 4016.9290)

(iv) Exercise books (PCT heading 4820.2000)

(v) Pencil sharpeners (PCT heading 82 14.I000)

(vi) Geometry boxes (PCT heading 9017.2000)

(v ii) Pens, ball pens, markers and porous tipped pens (PCT heading 96.08)

(vii i) Pencils including color pencils (PCT heading 96.09) (ix) Mi lk incl uding flavored milk (PCT heading 04.0 1

and 0402.9900)

(x) Yogurt (PCT heading 0403. 1000)

(i) Cheese (PCT heading 0406.J 0l0)

(j) Butter (PCT heading 0405.1000)

(k) Cream (PCT heading 04 .01 and 04.02)

(l) Desi ghee (PCT heading 0405.9000)

(m) Whey (PCT head ing 04.04)

(n) M.ilk and cream, concentrated and added sugar or other sweetening matter (PCT head ing 0402·.I 000)

(o) Preparations for infant use put up for retai l sale (PCT heading 1901.1000)

(p) Fat filled milk (PCT head ing I 901.9090) (xix) Bicycles(PCT heading 87.I2).";

(m) in the Sixth Schedule,..:._

(l) in Table- I , in column (I),-

• against Serial No. 24, in column (3), after the figure and comma, "1 510.0000," the figure and comma "I5 1 l.I000,"sha II be inserted;

• against Serial No. 59, in column (2) after the word, "solution" ,the comma and wordls ", cochlear implants system'.', and in column (3), after the figure "99.25", the comma and figure ", 99.37" shall respectively be inserted; and

(c) after Serial No. 71 and the entries relating thereto in columns (2) and (3), the following new Serial Nos. and entries relating thereto shall be ad.ded, namely:-

"72

Uncooked poultry ntcat

Milk and crtam

Flavored n1ilk

Yogurt Whey Buner Ocsi ghc:c Cheese

Processed cheese not grated (Ir powdered Cotton seed

fro7,cn, prcpascd or pn:sc:r\'cd sausages and similar products of poultry 1nea1 or nlcat offal

Meat and similar product$ of prepared,

frozen Qr prescoicd n1eat or meat offal of all

lyp<s in•!•4iog P9•!1!)' m•••1!!14 lish

02-07

04.01 and

04.02

0.102.9900

0403.1000

04.04

0405. 1000

0405.9000

0406.1010 0406.3000 1207.2000

1601.0000

1602.3200,

1602.3900.

1•m.ooo,

1604.1100,

1604.1200.

1604.1300,

1604.1400.

160-•.I500,

1604.1600,

1604.1900.

1604.2010,

1604.2020,

1604.2090.

1604.3000

84 Prcpars1ions tbr infant use, pu( up for retail

sale

(h) ^Fat^{filled milk}

(i) ^C^o^l^{ours in sets (Poster
colours}}

(j) \Vriting. drawing and matking inks

88 ^Erasers

B. ^Excc^c^ise^books

C. ^{Pencil sharpeners}

D. ^{Energy saver lamps}

E. ^{Sewingntachincs}^<1f^{the household rype}

F. ^Bicy^c^les

G. \Vheelchairs

1901.1000

1901.9090

3213.1000

321S.90l0

and

3215.9090

4016.9210

snd

4016.9290

4820.2000

82 14.1000

8539.3910

8452.1010

and

8452.1090

87.12

87 13.1000

and

8713.9000

	Vessels for breaking \JP Other dmwing.. mark ng out <ir matflcnta1ical	&9.08 9017.2000
	calculating instruntcnts (gt'.Qmctry box)
97	?c.n s and ball pens	96.0&
98	Pcnc-ils including colour pencils	96.09
99	Compost (non che1nical fcnitizcr) produ C(d and supplied locally	Re.spcc i\'e hea.dings
J OO	ConstroC:t on ma1cria s 10 Gaw-1. dar Export f'rQc:cssing Zone's investors and tu Export Processi1lg Zone Gawatlat for development	Rc.sive he.adi11gs
	of lonc·s infrastn1cturc,
IO I	Raw and pickled hides and skins, \\'CJ blue hides :i.nd skins. fi1lishcd leather. and	Respe<::tive headings
	accessories , components and trimmings, if
	imported by a rC"¥i$tered Jcather goods ntanufacnircr. for !he manofaen1rc of goods
	wh<>lly for export, provided lh:tt conditions,
	procedures and restrictions laid down in
	rules 264 10 278 of the Custoins Rules. 2001
	are duly fulfilled nd <:()(H_plicd wilh.
102	!\1achincry, equipment and materials impor1cd eitlte( for exclusive use withi11 the	Respecli\·e headings
	limiLS of Ex1>on Processing Zone or for
	making exports then from, and goods
	imported for warehousing purpose in Export
	Processing 7,Qne, subject to lhe conditions
	that such 1nachinery, equipment, n1ate-rials and goods a..-e imponed by irwcstors of
	Export Processi ng Zones, nnd all the-
	procedures, lin1ita1ions and restrictions as
	arc npplic-a.blc on su ch goods under 1h c
	Cu.ston1s Act, 1969 (IV of 1969) and rules
	made tJ1creunder shall muttUi$ mut<u1dis.
	apply.
103	frnport and supply thereof,. up to the year	Re<. Spectivc
	2020. of ships of yoss tonnage of less than	headings
	IS LDT and all Ooaling crafts inciuding
	tugs. dredgers. survey vessels and other
	speciaJized crafb purchased or bare-boat
	chartered by a Pakista11 emity aod flyit\g, the
	f>akistan flag. cxccpl ships or c-rafts acqufred fo1 dent0lition purposes or are designed e>r
	adapted for use for recreation or pleasure
	purposes, subject t() the- condition that such
	ships or C(afts ate used only for the purpose
	for which they "'ere procured. and in case
	such ships or craft'.:> arc used for dcmoli1ion
	purposes within a period of five yi;ars of
	thdr ncquisition.sales tax applicable to such
	ships pufchased for demolition pu1p0se.s
	:>hall be chargeable
10	Substa.ncts registered as drugs undc-r the Orugs Act, 1976 (XXXl of 1976) and	CSf>l'C·li\'C: headings
	medicaments a;; ure chtsi>ifiablc:- under
	Cti:ipte(' 30 of the Fitst Schedule to lhe CuSlC>tUS Ace, 1969 (IV of 1969) except the
	fOllO\Vil)g. even if medicated or rnedicina.I in
	nature:, namely·-

(•) m infus;on solunon b.ogs imported "1th or ·ithout infusion gi\'1ng scc.s:

(b) scrub$, detergents and washing

prcpara:ions:

(d) :adhesive platei.

C. surgicaltap('s:

D. liquid pruaffin;

7. dl>h>fe<:IMlS; and

8. <:osmeties wid toilet preparations.

105 ^Ran•^m11cri1Js^{for
the basic manufacturt of}pharmaceuoeal acth't ingredients and fOJ IMllUflClutC of phmna=>tiaJ prodUCU. pro\'fckd lhat 1n case of import. on·such """ m,ntctis thall be entitled lO cxcmpnon

...,tiich arc liable to custi:.>ms duty noc

exceeding lcn per cent adw1forem, eilher

under 1hc Finil Schedule to tbe Custom s Ac<.

1969 (JV or 1969) or under a no1ificution

issued under sccti<)n 19 1hc.re1 f.

RCJpcctivc

headings

106 lmPoft	^of^Halal^edi^b^l^e^{offal of bovine}0206. 1000.
animals	. 0206.2000,
	0206 8000
	and 0206.9000
107 lmpOft	^and^supply^of^{ioditcd sail bcanns}2501.0010

brand names and trademarks whdher 6t noc

sold i·n rct.11.il packing.

l08 Conlponcnl:I or sub-components of energy

1'-aYCr lnmps.namcly:-

(a) Elccironie Circuit

(b) Plaslii; Caps (Upper and Lower)

(d) ·ru ngs1cn filtunents

(e) Lead·in,vin:

(0 Fluorc:sccnl Po\\'dcr (Tri Band Phosphcr)

(g) Adhc:sh"t Additive

c..,.,••

(h) Al-Oxide Su.pension

ti> ₈eem.n1

(J)Scrunp Plld Ink

(k) Outtcr (or Suspension

109 Good:i impurlcJ tempOtarily wi1h a \'iew to subsequent exportation. as concurred by the l:Jcltitd, including passenger ser\'ict item, fHi)Y Sion and stores of Pakistani Airlines.

8S39.9040

SS39.9040 3206.SOIO

382• 9099

3824.9099

3214.IOSO J21S.9010

28.s0.0000

R pcieti\'C

heading.-;

110 The following items with dcdica1ed useof rene\vablc source of energ)'like solar and

\;• ind, subjecl to oertification by the

Aherna1ive. Energy Dc1t·ctopment Board

(AEDB), slamabad:-

(o)	Solar PV panels;	8541.5000
(b)	LVD induction lan1pS:	8539.3990
{c)	S10. LEDs 'vith or \Vithout	9405.1090
(d)	ballast, wilh fittings and lix1ures: \Vind turb.ines including alternators	85(12.3100
(c)	and mast Solar torches	8513.10.10
(f) (g)	Lun1en1s and rdated instr'uinen1s: PY module.s along with related components. inc.luding invtrtOl'i.	85)3.1090 8S4J.4000, 8504.4090,
	charge controllers and banecies.	9032.8990 and
		8507.0000

111 White crystallinesugar

112 ^{Following cardiology/cardil\'C surgery.}ncurovascutar, elcclrophysiology, endosurger), endosoopy, onoology, urology, gynaecology. disposables and O(her equipmen t:-

A. ANGIOPLASTY PRODUCTS

I. Coronary ARcry Stc.nts

2. Drugs Eluting Coronary Artel)'

.Sti:nts

3. Coronal)' Ancry Dilatation Cathetets (Balloons)

4. PTCA Guide Wire

5. PTCA Guiding Cathcttrs

6. lnOation Oe\'ic.cs/Pciorit}' Packs

B. ANGIOGRAPH\'PRODUCTS

l. Angiography Cathelcrs

M. Sheaths

N. Guide- "''ires

4. Contrast l..ines

5. Pressure Lines

6. Mannifolds

C. CONTRAST MEDIA FOR ANGIOGRAPHY/ ANGIOPl.ASTY l. Angiography Aeoe.ssories

2. 1\$0 Closure Devices

3. J\SD Deli\ltl')' S"tems

4. VSO CIO$ure Devices

.S. VSD'Oc1ivery System

(a) Guide Wirts

(b) -Si.zi ng Ba.ttOons

3. Sizing Plates

(iv) PDA Closure Devices

(v) PDA.Dt.livery system

D. TEMPORARY PACEMAKf:RS

(wi1h leads. oonnec101s and accessories)

L Pf,RMA!'iF,NT PACl:MAK£R

(wi1h leads. connectors- and · accessories)

1701.9910

and 1701.9920

Respccti\· heading.s

F. HE.ART f'All,,llRE 0£VIC£S (with leads. <:Orlt'lec:tO:-S and accessories)

C. 1"1Pl.Al\IA.BL£

CAROIOV£RTI:S

(wi h lads. conncctoN and

accessories)

4. CARDIAC

ELECTROPHYSIOLOGY PROOUCTS

A. F.lcclzOphysiology carhcicrs

2. Electrophysiology cables

J. Elcruophysiology co11nec1ors

5. LEAR CARDIOLOGY PRODUCTS

I . Rtilioaah:e i.sotopes

2. Cold kilS (Cardiole>itc MAA, l)TPA <tc)

7) CARDIAC SURGERY PRODCCTS

• O<ygtnaoo

3) Cannulas

3 Prosthetic HC'<Ut Vah·es

4, Luzninal Shunts for hcan surgery

S . Artificiat limbs and appliances

K. EQUIPMENT

I . Cardiac A.ngiography Machine

2, Echocrud ogzaphy fachiJ1es

4) EIT Machines

4, Oamn1il Camera for Nuclear cardiology studies

L. P&IUPHERAL INTERVENTION S EQUIPMENT

OispQSablc:s and other cquipmcnl for peripheral interventions including stcnts (including carotid and wall stc::nts). baUoons, sheaths. ca&heten. guide wires. fiJter wires eotls. nttdlcs, vah·c.s (including rotating homeoslalic valves). conneetin.g cables, i:nnarion device$ adaptors.

(iv) Ul&b Efficiency lrrigarion Equipment

(I(used ror agricuhurc sector)

(iii) SubmeDible pumps (up to 7llbs and

head I SO Jnetcrs)

(2) Sprinkle-rs includ ing high and low prwure (center ph·otal) sys.tern, conventional sprinkler cquip1ncnt.water reel

INlvcling sprinkle.r. drip m trick!

irn&ation equipment. mint irrigation

sprinkler syStem.

8413.7010

8424.8100

8424.2010

(3) Air rclcaK val\•cs. pressure g:t\1gcs,	8481. 1000.
water meters, back flow preventtrS. and	8481.3000,
automatic controllers.	9026.2000.
	9032.1990

114 Gr= House Fanning and Olhn Green

House Equ1pmen1.

(I(used ror agriculture sector)

(J ) TunncJ farming equipment.

(2) (Ileen houses(prt.fabricatcd).

8430.3100,

M30.3900

9406 0010

Plnn. t, machinery and cquipnu:nl imported for scuin& up fruit processing and prt:K:nution units iJ1 Gilgit·Baltistn. n, Bakxht-Stan Pro\•incc and Malakand Dl\olSIOn upto the 30th June. 2019 subject to the same condtUOC\S and prure as II'( appl1C>bk ror 1mpon of such planL machu.cry and cquiprMent Wlda" ahc Cumoms Act, 1969 (IVof 1969).

Rcspccti• e

hcftdings

116. ^{Plane. rna.;hincry and equipment impoucd}for scuin& \IP industries in FATA uptO the 30th June, 2019 subject to the smno condi1ions und procedure as arc applicable for lmpon of such plant, machinery 1md et1uipmcn1 under the Cust0tns Act, 1969 (JV of 1969)

(m) in Table-2,in column (!),-

Ri:sptive headings.";

• against Serial No. 3, for the entry in column (2), the

following shall be substituted,namely:- "Supplies made by cottage industry.";

• after the already om itted Serial No. 12, the following new Serial Nos. and entries relating thereto in columns

(2) and (3) shall be added, namely:-

"13 Reclaimed lead. if supplied to recognized manufacturers of lead batteries

14 Waste p•pcr

15 (•) Sprinkler Equipmen t

(b) Drip Equipmei\t

no1..lles

16 Ra'' cotton and ginned cotton

Rc:specti\'C

headings

Respective headings Respective hc•dings

Rr.speelive

headin":and

(n) after Table-2,amended as aforesaid,the following new Table shall beadded, namely:-

"Table-3

The plan t, machinery, equipment and apparatus, including capital goods, specified in column (2) of the Annexure below, falling under lhe HS Codes specified i n column (3) of that Annexure, shall be exempt from the whole of sales .tax, subject to the following cond itions, besides the cond itions specified in column (4) of the Annexure, namely:-

(d) the imported goods as are not listed i n the locally mauufactured items, notified through a Customs Genera l Order issued by the Board from time to time or, as t he case may be, certified as such by the Engineer ing Development Board;

(e) except for S. No. 9 and 14 of the Annexure, the Chief Executive, or the person next in hierarchy duly authorized by the Chief Executive or Head of the importing company shall certify in the prescribed manner and fo11nat as per Ann• X-A that the imported items arc the company's bonatide requirement. He shall furnish a ll relevant information online to Pakistau Customs Computerized System against a specific user ID and password obtained under section 1550 of the Customs Act, 1969. In already computerized Collectorates or Customs stations where the Pakistan Customs Computerized System is not operational, the Project Director or any other person authorized by the Collector in this behalf shal.I enter the requisite i n formation in the Pakistan Customs Computerized System on da ily basis, whereas entry of the data obtained from the customs stations which have nol yet been computerized shall be made' on weekly basis; and

(f) i n case of par1ial shipments of machine1y and equipment for setting up a plant, the importer shall, at the time of arrival of first partial shipment, furnish complete details of the machinery, equipment and components required for the complete plant, duly supported by the contract, layout plan and drawi ngs:

Explanation.-For the purpose of Table-3, capital goods mean any plant, machinery, equipment, spares and accessories, classified in Chapters 84, 85 or any other chapter of the Pakistan Customs Tariff, required for-

• the manufacture or production of any goods and includes refractory bricks and materials required for setting up a furnace, catalysts, machine tools, packaging mach inery and equ ipment, refrigeration equipment, power genera.ting sets and equipment, instruments for testing, research and development, quality control, pollution control and the like;or

• use in m111111g, agriculture, fisheries, animal husbandry, floriculture, ho1ticu lture, livestock, dairy and poultry industry.

A1. ''NEXURE

_NoDescription PCT heading Conditions

^(I)(2) (3) ⁽⁴⁾

I. ^{Machinery and equipment
for}initlaJ installation, baJancing. modcmi1;3tion, replacement or expansion of desalination plants, coal firing syste1n, gas processing plants and oil and gas field prospcc1ing.

3. ^{Following mat.hintry,}^e.quipment,apparatus, and medical. surgical, dental and vc.1c.rina1y fui:ni1urc, n\aterials, fixtures and fittings imported by hospitals and mcdicaJ or diagnostic institutes:-

• !\tedic.al Equipn1ent.

12. Dentist cl1airs

(a) ^{t\1c. dical surgical dctltal}or

\'Cterinary furn iture

4. Operating Table,

5.

($)

Hospital Beds with mechanical fillings

9402.9020

(6)

Gymnasium cquipntent.

9506.9100

(7)

Cooling Cabinet.

84185000

(8)

Refrigerated Liquid Bath.

3824.9099

(9)

Contrast t\1cdia Injections (for use in 1\ngiography & 1RI

3822.0000

etc).

Emergency Operating Lights.

Respective headings

9402. 1010

9402.9090

9402.9010

94-05.4090

Nil

23) The project rcqulrcmc-nt shall be appro.,·ed the Board of Investment (BO]). The aulhoriicd offiocr of 801 shaJI certif)' the item-v.ise rtquiren1ent of the project in the prescribed fo(lnat and manner as pcr Anncx-9 and shall furnish all relevant information onlinc: to Pakistan CUstoms Computerized Systen1 against a specific user-JO and password obtained under section I SSD of the Customs Act, 1969 (IV ofl969);

24) the goods shall not be sold or othcn.\•isc disposed of without prior approval of the Board and payment of custonts duties and ta. es at s1.atutory rates leviablc at the time of import, Breach of this condition shall be oonstrued as a ctiminal offence under the Customs Act, 1969 (IV of 1969).;

R. ( ardiology/Cardi.ar Surgtr)'

Equipmtot

(I) Cannulas.

9018.3940

3. ·1anifolds.

4. lnlravenous canoula i.v.

catheter.

C. Dispos.able lcdical_Uc,·icr.s

O ) Sdf-disablin safely sterile syringes.

(l) lnsulin syringes.

0. 01hc:r Related Equipmcnrs

(I) Fire ext ngu sher.

P Fixtures & fiuing.s for hospitnls

3. ^{I . Machinery. equipment.}matedals, capital goods., sptciali?..ed \'ehiclcs (4x4 110-n· luxury) i.e.. single ot double cab n

1>ickups. ticccssories, sparc.s,

chcnticals end consumables meant for 1ninc cons.uuction phase or extraction ph:L. e.

2. Co1is1n1c1io1l 1nachinery,

equip1nen1 and spcc inlizcd

\'Chicks, excluding pa.sscn gcr vehicles, imported on temporary basis as required for n1inc ctlnStru<:tion or extr.:ic. t.ion phase.

Coal min ng machinery, i:quipment, sparc.s_, including vehicles fot site us.e i.e. single or doubie ca.bin pick-up:S,impOrled for TI1ar Coo.I Field.

_>.1. tachin ry, equipment and spares 1ncain for initial i11stallation.

balancitut modernization, replacem-cnt or expansion of prt)jccts f()r power generat ion

8481.8090

9018.3940

9018.3110

9018.31 10

$424.1000

Rc:s(lcctive

headin s

Rospcctjvc

headings

Respective

h cidings

Respc:;ctivc heading.

Respective

headings

I . This conce.ssion s11all be available to those iniocral exploration and extraction companies or their au1hori1..cd openuoJ's or contrn.t'..fors who hold permits, licences, lease a11d who enter into agreements with the Governntent 6f Pakisrnn nr a Provincial Goverrunen1;

2. TcmpcrariJy imported gQods shall b<! clcrucd against a security in the fonn of a post-d<lteJ cheque for the amount of sales rnx.along v.'ith an undertaking to pay the sales tax at the statutory rate In case such goods are not re-exported o•:i. oonclosion of the project;and

3. TI1t goods shall 1101 b< sold or

od1c1v,risc disposed of without prior

:!ppro\•a1 of the Board and Lhe paymern of sales 1ax leviableat the time of i1nport.

·n1csc shall, however, be allow1'.1t to be 1ranst'Crrl.'d t<> olhe-r entitled mining compMics witll p1ior approval of 1J1e

a.o:?rd,

(a) This. -oonccssion shall be a\'ailabk to thuse ntining companies or their authorized operalol"S or conuaclOrs who hold pcrmi1s, licenses, kases t1nd who en1cr into agreements. with lhc Government of Paki.SU\1\ or a r'()vincial Government.

(iii) Tt.e goods shall not be sold or

<.>thcrwisl.' disposed of wilhOul p;i01 approval or the noard aild the pa)rritcnt

of c-ustorns duties and taxes lcviablc m the 1ime of import. 111ese shall,hO\\\·er. be allowed to be uansfcrred to other entitled mining companies with prior app:lwd of the Board.

(I} Th1s concession shall also be available 10 pri1na11· OO!ltraclors of the prOJCCl upon rulflJlment of' thl: foH<>win£, conditions. namely:-

through oil, at CQa:i wmd and Wl!\'C encrg) induding under construcbOn projetl$. '-'h1ch entered into an imp?cmcnlat1on agrcc:m.cni: with the Govcmrncnl of Pakisun.

• the contraclor $hall $ubm1t • copy or the ;ontraa. or agrccmc:nt under \\'hKh he illlcnds io import d)( goods for lh< proJ«(:

(b) the Oltcf Exccuth c «head or

the oon1racdng ccxnp&n)' shall

2. CQC'l.Struc:tion

equipment and vehicles, cxcJuJing vchiclc-s. irnponed on basis as required constniction of projcc-L

1nac:hin(t)',

spcc1alfzcd passenger lcmp(lrar')' for the

certify in the prc:scnbcd manner and j(lmlat as per ArlllcX•A th 1 the im_portcd goods a.re lhC 1>nic:c:is bonu lidc: reqmrcmcnt nnd

{c) the goods shall not be sold or otl'leru·ise disposed uf wi1hou1 1>nor npproval of the FDR or1 1>aynu:m of sales tax lc:\'iablc at the time of i1upor1;

⁶^.1. Machi1lery. cqtupmc:nl and spares meant for initia1 inst.;illn1ion. balaucin. modcrniu1tion. rcpllltcment Or expansion Of projects for pow·cr generation through gas. c<>al, hydcl, and oil including under cons1n1c1ion projects.

Rcsp·l c1ivc

headin

(c) ttmp0rarily imported goods shall be dc:arcd igainst a S«Ul'it)' in lhe (urm or a pOSt-dated chcqvc- tOr the ddTtttntilll

amount bc1·wttn the: stat\llOt) rllt ot

saics- w:: and the amOWll pa)'1blc under this no1ific:aiion , atoog \\-ilh an

undc-naking. 10 pay the: Wes tax at 1hc

statutol)' rates in case such goods Dre: noi

fC-tXpOlttd on ronclus.ion ofthe pro)CCI.

-do-

2. Construction tqu1pmcm and

\'ehieles. c'\'.cludmg

\ chicks. impOrtcd on b0Sis as required construction Of proj«I

ni.ich1ncry. ipccualizcd passc.nacr

l<:rnpOrll)'

ror 1he

1 I. iachmcry. cqu1pmm and spares meant for inrt1al 1ns1aJladon. balancing, 1nodc:mi1.a1}()n, rcplacetnent or expansion (If projects for power gcncru111'm through nuclear and renew-able energy sources like solar. wind, niicro-hydel bio·encrg)'. ocvan, w:istc·to-e1tergy and hydrogen cell etc.

Rcspcarvt

headings

-do·

2. Constn1aio11 equipme;u and "thictes. excluding vducles. imp0rtt: d on basis as required COOIDOCtion o( Pro.tf'Ct

nm<:hincry,

.sciaJizcd pids.enger ccrupora.t) f<>< lh<

Expfanahon.· The cxprC$$1on

..projCClS ror power generation.,. meant any project for gent.ration of elcctr1city whether s1naJJ. medium

or lnrgc: and whether for supply to the ru1.1io110.I grid or to ;my other ustr or for in house consu1nptlon.

8. ^{I , 4ac:hinery and equipment}meant for J)O"cr trmsm1ssion and grid s1auons including under consuuction projt(tS.

Respective

h<ad1ngs

·do-

rrxplMllt(ln.• for the purp()SC Of this :sen:il nun1btr.'"machinery n:nd cquiprnc-n1"' shall mean -

{a) machinery and equipment

«)permed b)' power of any description. such as is used in the scncmtion ofpower:

(b) apparatus. appliances.me.tering ruid testing app.aralus. medianicaJ and electrical control. transm1Ssion gear and transmisslOO tower,pow'tf UMJmlS.$100 and dtSlribution cabks and eonducu:ws.. insularocs, da.1. llpcr spacer and hardware and paru therrof 1da.ptc to be used in

eanjune1ion wnh the machintry and C"qui1>mcnt a. specified in clause(4'1) above:and

(c) components 11ar1s of machinety rind equipmc:nl. as specified in clause (a) and (b) above, 1dtn110ablc for use in Of wilh madune-ry i1nponed foe the projcc.1 and U-lpmcn1 mcluding span::s for put'pe)k< ofd1e prOjta.

2. Constroc1100 m:rcb1ncry,

equipment and specialized ''thiclt$. c'tcludins pa.s.<>enger vetuclcs, lmpurtcd on tempOr<\t)'

basis tis required tQr the

co1\s1n1ction of project.

3. ^{Follo,.,..ing machinery, equipmen1}and other cducatiOI\ Md research 1ela1ed items ilnportcd by technic:?I uaining institutes, research 1ns1i1u1es. schools. concges itnd uni,·m11ic$·•

• Quam m>«or rubes ""d holders dei1gncd for instrtion into diffusion and oxu;l:ation fumaccs

fot produc11on of semiconductor

wafer$,

P.I Otht1 d1ytos

P.II Fil1cring or punfying

1nach1nc:ry and apparatus for water

7017 1010

8419 )900

8421,2100

(4) Other ^{fihering <)r}^p^u^iif)¹^ing, mad1U e()' ^aJ^ld^{appJU(llUS for}	8421.2900
liquid'.>
(S} PCrson31 we ghing mach nes,	8423.J OOO
including. baby scales, household
scales
(6) ScJcs for continuous weighing ufgoods onconveyors.	8423.2000
(7) Cori:stant weight scales and	8423.3000

scales for dischacging a prcdc1ermined v.t:igh t (if maierial into a bag or container. including hopper scales

(8) Other 'veighing 1nachinCI)' having s maximum weighing capacity not exceeding JO kg

(9) Omer weighing machinery having a maxinnun \\\':igh ng capacity exceeding 30 kg bu! not exceeding S,OOOkg

(I()) Other weighing machinery

(I I }\.Veighing nJachinc weights of all kinds; parts of 'vcighing machinery of machin of heading 8423.2000 & 8423.3000

( I ) Other wdz.hin,g machine

\\'CtghlS of all kinds; parl$ Qf weighing. muchincr)' of machines CJf heading 8423.2000 & 8423.3000

(13} };°CLworking equip1nt-nl$ like roulers, LAN bridges. hubs excluding switches and repe.ate.rs.

3. ) Olher fumacec.: and ovens

4. Electronic balances of a sensitivily of S cg or better, with or with<mt weights.

{I 6) Othe' balances <if a sensitivity of :5 cg or better. with or \Vi thQUt weights.

{17) Thermostats of a kind used in

1cfrigcNttors a.nd air·oonditioners

(18) Other thcnnostats

(19) Manosiats

(20) Other ins.tn1mcnts and apparatus Hydr:.i:ulie or. pncumat1c

(21) OtJtcr instruments aod apparatus

O Part$ and accC$sories of automatic regulating or c<lntrolling inslrun1ents and apparatus

8423.8t00

8•23.8200

8423.8900

8423.9000

8517.6970

8514.3000

9016.0010

9016.0090

9032.10 10

9032.1090

9032.20(>0

9032.8100

9032.8990

9032.9000

P

Spares. ac«$sonCS. and rca.,o..tnts f«setcniific rqu1prr.tntS

_10.Machinc:n , equ1pmmt. ra"

materials.:to1npoocncs and oc.hrt

capital goods for use in buJfdlngs. fittings. repairing, or refin ng of ships. boa s or flo:uing suuctur<S impor1cd b)' Karachi Shipyard nnd Engineering \Vori.:s Limiled

II.

Following machinery and cquipt!le1\l for nu1rhlc ranite nnd Senl Stone c;drll.Cl10n and processinginduslries:

(I) Polishing cream or ma1cnal (2) Fib« &Iass mtth

Q Cham sa"fdiamond \\1rc saw tn all sizes and dimensions and sprues thereof, diamond wirt jo1ncs alJ types and dimensions, ct11un for

hain sa ' and diamond wire$ for wire saw 2nd Spart widia..

(•1) Gin saw blades.

B. Gangsaw bladc:'.i/ditu nond s:h.,. blades/multiple blades or all lYJ>CS and d mensions.

C. Air co1npressor (27 cf\ and abo,•c).

D. f\.iachinc and tool for stone

"'Of""' sand blasting machines. iungstcn easbidc iools: d11mOnd 1ools & sqrncms (all l)i>C & dimensions). hydraulic JacL.1na machints. h)1lrauhc man\QI prtss mxhincs. airJbydro pillo" ·

coinprcssod air rubber pipes.

h)draulic drilling m:ichincs, manual and pO\\cr drillln.: machi!'!es, steel drill rods nnd spring (all sizes and dimensions),

\vholc finding system with accessories. n1a.nual ponabk roc:k dri11$. <:.ross cutter and bridge cutters.

E. Integral drillii1g steel for

horizontal end \'ertica\ dolhng. estension lhread rods ror

pncumtk super long drills. tools and accessories for roek dnlts.

3405.4000.

3405 9000

7019.5190

3202 4000,

8202 9100

8202.9910

8202.9990

3414.8010

1464 9000 &

Rcspccttvc

headings

846Q.9 100

L For the proj ects of Gem S1011c & JewclCI)' Industry, CEO/COO. Pnkislan Gem and Jewclcl)' Com1)nt1)'$hall cc:t1ir)' in the pr4:Scribcd fornuu nnd mnnncr AS

per A.nncx B 1ha1the 1m por1cd r:oods nc

or

bona.fide project requirement. 1'hc aothorizcd person of tJ1c Co111pany shall furnish all relevant infonnauon onhnc 10 Pakistzn Customs Computcriitd S)'ttcm ag.ainst a specific user ID and password obtained under secoon I SSO the

Custcxm Aa. 1969

C. For 1hc projects of asblc & Gtan1te lndtW.T\ . CEO/COO. Pllkbtan Soonc OeveloPmcnt Compan)' shall ccn1fy in the pre$cribed fonna1 and manner as per Anncx-B that 1hc imported &QOds arc bonafidc projccl tequirctn(nl TilC authorir<d per:l<lns of 1he Company shall rumish ..n relevant infonnation onhnc to Pa.k is.tan Customs Com pu1cri1..cd System against a specific user Jf) und password

obtained under srction ISSO or the

Q.Js<om:sAct, l969.

D. The goods shall not be sold oi othcn,·1se disposed of wnhm a period of fi"c: years of their Import ex. cep1 n•i1.h the prior approval of the FBR and pa)mcnl of customs d:u1ics and tncs lc\'1abk: tat

the timtof impOrt.

i. iv1achincJ)'. equipment and othet project rdated iten1::; including c?1)ital goods, tOr setting up of hotels. power generation plants, w•ater tr1men1 plants and other infrastn1cwre related projects loca1cd in an area of 30 km around the zc.oo point in G\\'adir.

ii. Efl1uenl trcatn1ent plants.

iii. Following itents with dedicated use of renewable source of energy like solar, wird,geo1hc:.r111id etc:-

• Solar Home Systems.

(a) ln\'eners.

iv. Charge controllets/cul'retn

contr()llers.

v. Energy saver lrunps of va.rying

\'Qltagcs (operaiingon DC).

(d) Energy saver lrunpS of varying

\•(>ltages (operating on AC).

<O \Vatcr pumJ)s operatiog on solar

energy.

(g) \Vatcr purificmion planlS

operating on solar energy.

(h) Bancrics KiCd. Liiol\ & Lead Acid specific utili.-.ation and integnited \Vi th solar elcc.trilication system.

(i) Energy Saving Tube Li{!hL;,;

• Solar Parabolic Trough Powtr

f'lants.

D. Paiabof ic Trough <:ollcctors tnodules.

E. Absorbers!Rt.ceivers tubes.

F. Sic.am turi)me of an output exceeding 40t<.1\V.

G. Steam uirbine of ail output not

exce-tding40l>,. \V.

Respec.th•e

Hcading.s

Respective

headings

8504.4090

9032.8990

8539.39 10

8539.3910

854 1.5000

8413.7090.

8413.7010

8421,2100

8507.3000.

8507.8000

539.3920

8502.3900

8503.0010

8503.0090

84()(>.8 I00

8406.8200

I .The Di"i:sion dealing with the: subject matter of induslfies.. Wall certify in the pre..::ribl!d manner and fo!mllt as per AnnexB tl\at the in\porttd goods are bonaf1dc project rcquirernent The authori1.ed officer of the \\1inistry shall fwnish all rdC\'illlt infOmuuion Online t<) Pakistan Customs Compure!'ized S)'Stt1n ng?.inst a specific user 10 and password obtained under sc:clion 155D of the ClS101l'lS Act, 1969.

ix. The goods shall not be sold or uthenviSc:- dispQSed of wilhout prior approvaJ of the FDR and payment of customs dUiics.and taxes le-viable at 1he time- of import

Nil

xii

(c) Sun tracking control system.	8543.7090
(I) Conuol p11.ncl with other accessories	8537.1090
J. Sohtr Oisb Sr trting Engin .	8412.8000
(a} Solar conccntn'lting di.sh.	8543.7000
(b) Stetling engine.	8543.7000
(c) Sun uacking controJ system	8543.7090
(cl) Control p.111el "*th :?CCCSSOnt;S..	84068200
(c) Gc-nerator	8501.6100
4. Solar ,\ir Condilionint;	84 15.1090
S)'srtm
(a) Absorpcion chilltrS.	8418.6990
(b) Cooling towers.	8419 8910
(c) ^Puntps^.	84\ 3.3090
(d) Air handling unil$.	8415.8200
(c) Fan coils U111ts.	8415.9099
(t) Charging & Testing; cquipntent	9031.8000
5. Sola1· Otsitlinatiou Sys1em	8421.2100
(a) Solar phoco \'Oltaicpands	8541.4000
(b) Solar w1;<1pump$	8413.3000
(c) Storage batteries.	ssin 2090
(d) Charge eon1rollcrs.	9032.8990
Ce) ln"cncrs	8504.4090
6. Sohtr 'fhermal Po"·u Planb	8502.3900
with ac::c::tS50riN.
7. Solar \Vater Hca l"n> \\ llh acttssorits.	8419.1900
(a) Vacuum tubes (Glass)	7020 ()()Q()
(b) Sdcclt\c Cualing for absorber	RtspCCtive
plate::>.	hezdin;
(c) Cop1,r. aluminum and	Respective
stainlc-ss steel sheets.	heading
(d) O:>ppC"t and ah.11n num tu.	Rcspcct1ve heading
8. P\' JodultJ	8541.4000
(0) ^Solar^ce^ll^s	8541.4000
^(b)Tempered Glass.	7007.2900
(c) Aluminum frames	7610.9000
(d) 0-Ring	40169990
(e) flux	3810.1000
(I) Adht.StVt IObcl .	3919.9090

{g) Juna.klnbox -co-.·cr

i. Shm mixture or Paper and pla:ilie

ii. Ribbon for PV Modules (n1adc

of'""'& uad)

til Bypassdiodes.

(k) EVA (Ethyl Vinyl Accu11c)

Sheet (C1lcmic;;il).

9. Solar Cell i\la11ufac1urinj! f quipmcnt.

(a) Crystal (Grower) Puller (if

machine).

(b) Diffusion furnace.

(d) \Vaferin; n1achint

(e) CUtting and shaplllf machines for silicoo ingot-

(!) Solu g,ade pol)"hcor1 material.

(g) Phosphene G .

(h) Aluminum and sil\'CC paste.

HI. f•yrltnOmtttrs Jllld acccss.orici> for !)Olar dHta cnllcction

l·l. S()INr chargtts for chsirging

eltcrronic dcvicc!I

12. Rt1no1e control for .solar

charge controller.

(43) \Vind Turbints.

(•) Rotor

(b) HIE

(d) Doep cycle battery

8l389090

39209900

RC'Spectl\-"l:

headirigs,

8541.1000

3920 <)<)(}()

8479.8990

8514.3000

8$14.3000

8479 8990

84619000

382A 9099

2848.0000

Rcspcc1h·c

headin

9030.8900

8S04.1020

354).7010

8412.8090

S.Sl29090

14129090

8501.90

&S07 8000

(44) \Vind wattr pump 8413.8190

(45) Georhcrmal c:11c:·

equipmc-nts.

(J) Geo1hermaJ I!eat Pumps

(2) Geotht.o'nal Reversible Chillers

(iii) Air h:!ndkrs for ind1J\n quality control cquipcnents

(iv)Hydronic heat pump

(6) HOP€ fusion ?oOls

8418.6100.

84 18.6990

8418.6' )0

84 1S.8300

8418.6100

8419 j000

SSIS.8000

invcnors, charge controllers and batteries

16 ^{Plant, 1na.::hinel')',}^e^q^uipment^a,ndspecific items used in production of biodics l.

9032.8990.

8507.0000

Rc:;pc:ctive

headings

being i1r1por1ed are i1l quantities which oom1ncnsuratc wilh the PV modules being im;ported.

TI1e ,'\hetnat ivc Energy Dcvclopmenl Board (l\COB Islamabad shall mtify in ihc pn:sc.ribod manner and format as per Ann::<⁸D that the imported goods are bonafidc pcojcct requirement. ih c:. goods shall not be sold or otherwise disposed of

,\•ithin a period of (ivc. ye.ars of their im1)on c:: ce.pt with Lhe prior apptoval of the FBR and payrnent of customs duties and ta:<c; lcviablc at the time- of import .

A.nne.i:-A

f-le:dcr l for:i:a1io11

l\IN!fTN of ltn' porte: IR.<1:g.c!11u.1ry A :r.arity r.o.

Name urRet;.ul31ory•11tl1o:ity

(!) (2)

(l)

Dei\'lils of br.u1 ^£1)Qwt'$^{( a}^bt-^fl!!«!^b^)'^the^{.;f- t:f}^{CXC'.O:UI: \' Of lf-.C}ⁱ^{ll'l(l0!1)!l.j;}

"<>mplmy)

Goo& irnPQe"teC (Cfll!cctar.it.e @f import}

-:<

Oe dp1i¢

¹¹*''

C\:$t(l :'n

Duty

tlltC

( !>lie·

:ible)

$ k Tu

r.ite

C pplitlll:i c>

.·

COM

Q..a'.ld ty

inrp<Jr!cd

Col!cc<oC'ne

CRNI

MS<-11

No.

C)::.e

C'JI

i\.1w.:h.

No.

{1-)

fl/

(6)

(7)

<SJ

t9)

(JO)

(Ii)

02)

(13')

(14)

(iS)

CERTIFICATE. It is cert i fied chat the description and quantity mentioned above are commensurate with the project requirement and that the same are not

manufactured locally. It is further cercified that the above items shall not be used for any other purpose.

----------

Signature of Chief Executiye, or the person next in hierarchy duly authorized by the Chief Executive Name

N.l.C. No.--------------

NOTE:- In case of clearance through Pakistan Customs Computerized System,

the above information shall befam ished Online against a specific user l.D. and password obtained under section / 55D Qf the CZLftoms Act, 1969.

Explanation.-

Chief Executive means.-

I. owner of the firm, in case of sole proprietorshi p; or

(a) partner of firm having major share, in case of partnership finn; or

(b) Chief Executive Officer or the Managing Director in case of limited company or multinational organization; or

4. Principal Officer in case of a foreign company.

H(':l(l;;r l :ifu:m;ititon

^N^TX/fDi^o^r^i1';'9(1r!(II Appnn'<ll Ne..

(. } _"'

1>1;u1i s uf Input gwdli ({O 0.: ftlkd by I .JU.(horixtd offic.". ! of the Ro:vi1''Y

Authorit)')

G«1diimpon;;d (Coll0i:11)r1t. <1fimw.t)

HS

tM<

[)(s..; ip:ior.

[

OW.Ml

Dut>· ^r^l^i;

(pp!k.aOlc)

Sokt T0<

rJt

(2pp!ica.,lc}

I::

ii

I_"

0

Ql.=lot;ity

impo". \td

Colke111nr.e

CRN/M;idt.

No.

D.Jt,;- Qf

CR:S:

._·\W.:h

(>)

(6)

/8)

(9)

{tO)

(li)

(12)

(J))

(14)

Aoncx-B

CERTIFICATE. Before certifying the above-authorized officer of the Regu latory Authority shall ensure that the goods are genuine and bonafide requ irement of the project and that the sam'e are not manufactured locally.

Signature Designation

NOTE:-Jn case of clearance through Pakislan Customs Compulerized System, the above information shall bejum ished on line against a specific user 1D. and password obtained under sec1ion 155D of the Customs Act, 1969. ";

(II) after the Sixth Schedule, amended as aforesaid, the following new Schedu le shall be inserted, namely,-

"EIGHTH SCHEDULE

{See clause (aa) ofsub-section (2) of section !

2 on cake and other solid residuci;, whether or not

ground or in lhe fonn

ofpclleu

⁾Oi=tly m!uc<d iron

2306.1000 S%

n.oo S%

4 Oilseeds meant for Respective

sowing. hc-adin&-$

S% Import lhertof subject to the condition that the concerned department of the Oi\'ision dcatin; with lhc subjc:ct nu1ttcr of oil seed certifies that the imp<>rted seeds arc fungicide and insecticide treated and are mcan1 fQr 50\\'ing.

s _.R_..r._.l_.rf_.c_.ouon and ginned

6 ^{Plant and machiner)'
not}

Respective

headings

Rcspcctivc

^S^%On•mport

S% (i) On import

or such pianl and

manufacturtd loc.llll)'

and h$ving nn

compatible local substitutes

hcad 1ng..,.

(ii)

(iii)

machi1lCt)' by registered manufrict1.1rcrs. p06t-datcd cheque($) equal to lhe.

differcnti111 amounl of sa:les taX payable a.t impM stage, shall bt submitted to the cuscoms 111.1lhoritic:s.. "'flich shall be returned on fumish;na proor or filing of first sales tax rttum after impOrt of sueh niachinery. showing thoimport of such machinery;

On impon by comn,creial importers., &OOd·for·pa)mcnt cheque. bank guaninlcc, pay ordC'r ot tteas\il')' clWla.... sOOw;nc depooi equal lo !he differcnlial amount of saJes tax pa,ynblc at i1nport stag(, shall be submitted to the customs 11.uthoi;tics, "'hich shall be rctuntcd back, or as the case m "y be, refunded, after evidence of subsequent supply 10 rcgister<d manufac:curers ot industriaJ usas is fumished to the customs auihontics;

Supply of su<h imported plant

snd machinery by eomnlercial importers to unreg_is1ered

persons or ptrlOnS other than

manufac.1urci·s shall be lieblc

10 stand.ard rate of 1ax. Md evident<: to lhlll cffccc shall be produced IQ the cus101ns authorilics for r¢fell$c of 1hc 2bQvc mcnt10fled insllumcnts

or refund or 1hc amount paid

at inipon s1agc,

(iv) Sobscquc,. sopplr of pl""' and machinery Jmponed or acquirtd by register«! nlanufacturers 10 unregistered persons or persons other lhan 1na11ufaCluu:rs shall be liable to tax at standard rote;and

(v) the 't'alidf(y period of instruinei11S furnished ui1der th.is provision :;hull not b¢ lei,.,. than one hundred a'.ld

"'' "<Yda>•

&plgngtion.- t"or the purposeof this

on. pl3'lt 3'ld machlll<f)' means such plant and madunety as i$ used in the- manufac.turc Of production of goods.

Tablc-2

Plant, machinery, e(\tiipment and apparatus, includ ing capital goods, specified in column (2) of the A nnexure below, falling under the HS Codes specified in column (3) of that Annexure. shall be charged to sales lllx at the rate of five percent , subject to the following cond itions, besides the conditions specified in column (4) of the Annexurc, namely:-

• the imported goods as are not listed in the locally manufactured items, notified through a Customs General Order issued by che Board from time to time or, as the case may be, certified as such by the Engineering Developm ent Board;

• the Chief Executi ve, or the person next in hierarchy duly authorized by the Chief Executive or Head of the importing company shall certify in the prescribed manner and fonnat as per Annex-A that the imported items are the company's bonafide requirement. He shall furnish all relevant information Online to Pakistan Customs Computerized System against a specific user ID and password obta ined under section 1550 of the Customs Act, 1969. Jn a lready computcriied Collectorates or Custom s stations where the Pakistan Customs Computerized System is not operational, the Project Director or any other person au thorized by the Collector in this behalf shall enter the requ i site information in the Pakistan Customs Computerized System on daily basis,

whe!'eas entiy of the data obtained from the customs stations wh ich have not yet been computerized shall be made on weekly basis; and

• i n case of partial shipments of machinery and equipment for setting up a plant, the importer shall, at the time of arrival of first partial shipment, furn ish complete details of the machinery, equipment and components required for the complete plant, duly supported by

the contract, lay out plan and drawings.

Expfanalion.-Jn this Table the expression, capital goods mean any plant, machinery, equipmei1t, spares and accessories,classified in chapters 84, 85 or any other chapter of..the Pakistan Customs Tariff, required for-

• the manufacture or product ion of any goods, and includes refractory bricks and materials requ1ired for setting up a furnace, catalysts, machine tools, pac:kaging machinery and equipment, refrigeration equipment, power generating sets and equipment, instruments for testing, research and development, quality control, pollutiOn control and the like; or

• use in mining, agriculture, fisheriE:s, animal husbandry, floricultu re, horticulture, livestock, dairy and poultry industry.

Annexure

S.No

Description

PCT heading

Conditions

(I)

Machinery

(2)

and equipma1t

f'br

(3)

Respe.ctive Headings

(4)

Nil

development of grnin handling Md

storage facilities.

(v) ^{Cool chain machinery '1nd c.quipmenc Rcspc-ctivc Headings}^Nil

(vi) ^fo^llowlⁿ^,g^itcnlS^{imponed b)' Call}

Ccntc.rs, Business Prpccss ing

Nil

Omsou,cing facilities duly apptoved by the Pakistan Tclccommunic1.-lion
Authoiity.
{I) Telephone sets/head sets.	8517.1100
{2)Cat 5/Cat 6/Powe? c-ablcs	8544.4990
(3) PABX Switch	8517.6290
(4) Plasma TV	8528.7212

128 TllE GAZElTE OF PAKISTAN, EXTRA .• JUNE 26. 2014 (PART I

(I) (2) (3)

(4)

(3) Ocdica1ed telephone exchange S)'Stern ror call ccntc:-rs.

·(6) Olhcr (digital call recordel'.<)

4 ^{I Machinery. equipment.}¹^11a1ctials.capital goods. spccialiud vehicles (4x4 non lu.xury) i.e. $inglt or double cabin p1cL-ups. accessories. spares. chcmteals and consumables: mcM.I for mi xplorat phase 2.ConstNChOn machinery. equipment

and speci1li1,cd vthic1es. excluding

passcn aer \'ehicles, rmportcd on tcn\pOrru')' basis as required for the exploration pht1sc.

s. ^{Complete plan1s for relocated}

industries.

• ^Machinery^{, equipment and other}capital goods rnean1 for in itial installat ion.balancing. modetn ization, rcpl11eemcnt or expansion of oil rcfinina (n11ntral oil. hydro- criKktng and other value added petrOleum p<odUCIS peuochcmical and pcuochcmieal nsuum products including fibers and h\')' chen\ica.I industry. cryogenic facility for cth)' cne s1oragc and handling.

8517.6290

8Sl9.R990

Rc.spcccivc Headings 1. This conctss1on $hall be

a\'ailablc 10 those Mineral E'.<.ploct1ion and C:<traction Comp.10. or lhcir authonled opcraiors 0t c:ontracsnrs \\>ho hold permits. lioen.$C'S, Jcucs

and who enter intoagrccnltnts

with lhc Oovcmmcnt of Pakistan or a Provincial Government.

• TempQrurily imponcd

goods shall be dea. d ugainst a scc•.irity in 1hc fot1u of a p0st·di1tcd cheque toe the differential runount bctwttn the statulory n\t( O( CU!IOmS duty and sales tu and the amoun1 payable unda lhis no1iflC81.ion, along with an unde.uking 10 pay th< customs dut)'.and sales tax at

lhc: statutory ra1cs in case such goods arc not re-exported on

conclusion of the project.

• The goods shall not be sold or otherwise disposed of "''ithou t priOf approval of lhc fBR and the payment of

customs duties J..nd taxes

lcviablc at the time of import. These shall howev<t b< allowed lo be trll'ISftrrcd to other cn1111cd mining companie! wi\h prior approvJI of rhc Board

(3) tcspccii,,c Headings rr\il

Respective Headings Nil

building/snuc1urcs of a height of 100 ft and above and it \"<'lrious items/ co1nponenls oonsisting of the foltowi11g, namely:-

and imported b)' the construction companies registered with the Pakistan

£nginee-ring Council:

(a) Plas1ic tube.

3917.2390

(ii) the system is to be procured from a we.11 renowned international manufacturer:

(2) Plastic tic slot fillers/plugs.plastic

3926.9099

{iii) a certificate front one of

cone.

the following hnernational

Pre-shipment lnsp«tion Coinpanies/Suf\•cy f imls to the extent that all the cqn1ponents/pa11S are to be used in the Proprieta.iy Fotffi\\'Otk Systern for construction of structures/ building. of m()rt than 100 feet height is prod uced. namd:-

(3) Standard steel ply pands, Spe.eial sized steel ply panels, wedges. tube	7308.4000	(a) Messrs Lloyds of London:
elamps (H-Type & G Type}, push/pull		(b) Messrs Quali1y Tech.
props, brackets (slfutture). st .1 soldiers (suuc-1urc). drop h'Rd,		LLC: (¢) Messrs J\llS: (d) Messrs Bureau Vcritas;
stsndard, pr<.>p tic, buard rail post (structu re). ooupler brace. crultilcvcr flame, decking beam/Infill lx--am and		and (e) Me<$" SGS;and (iv) ·n1c Pakistat1 Engine¢ring C.Owlcil shall ce.rtify that I.he
doorway angles.		imported Proprietary

Fonnworl:s System confonn to ·the requiremenl of lhe C<1rnpany·s project.

(4) Lifting Unit (Sttucturc)	7308.9090	-do·
(S) Bolts, tic- bohs. anc-hor bolt	7318.1590	-do-
assembly (fastener}. anchot screw
(f".\Steoer).
(6) Nuts	7318.1690	-do-
(7) Steel pins.tic\Ying nul (fastener),	731$.1900	-do-
(8) Steel vr.ishcrs. "''Iller plate	7318.2290	-do-
(fast..-ncr).
(9) Adjustable base j :1ck (thread rod wilh nut and stool plate). adjustable	8425.4900	-do-
fork head (thrc.. dcd rod \Vith m.n and

steel channel .

Annex-A

^{:-. r:>'.IFT
orl
r:·!}I^{Rtguhu"!Joui!'ltlrit>'}^Co),

of Rq:ub:ory;iutbo:i:)'

⁽^I⁾(2)

(J)

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tml)(l(ltil

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('R.Xt

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XI).

(')

())

(6)

(7)

(8)

(9)

(iO)

(U)

(12)

(i))

11.:)

US)

CERTIFICATE. It is certified tliat the description and quantity mentioned above are commensurate with the project requirement and that the same are not manufactured locally. It is further certified that the above items shall not be used for any other purpose.

Signature of Chief Executive,or the person next in h iernrchy duly authorized by the Chief Executive

Name -----------

N.I.C. No. -------------

NOTE :-!n case of clearance through Pakistan Customs Computerized System, the above information shall befurnished on line against a specific user J.D.and password obtained under section 155D of the Cusroms Act, 1969.

Exolanation.-

Chief Executive means.-

I . owner of the firm, in case of sole proprietorship; or

(iii) partner of finn baving major share, in case of partnership finn;or

(iv) Chief Executive Officer qr the Managing Director in case of limited company or multinationa l organ ization;or

(v) . Principal Officer in case of a foreign company.

Annex-B

O...::iilJ or ln;111t i;l:..xl (1¢ 11¢ fUiod by 1J..ie t:itho:i.rod ofrJ.:(r of l!lo Rq:, .lury

1\111hodt ')

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13)

(ol )

CERTJFICATE. Before certifying the above-authorized officer of the Regulatory Authority shail ensure that the goods are genuine and bonafide requirement of the project and that the same are not manufactured locally.

Signature Designation

NOTE:-ln ct:1se of clearance through Pakistan Customs Computerized System, the above information shall befurnis hed on line against a specific user l.D.and password obrained under section 155D of the Customs Act, 1969. ";and

( I 2) After the Eighth Schedule, inserted as aforesaid, the following new schedule shall be added, namely:-

"NINTH SCHEDULE

[See sub-section (38) of section 3]

(l)

<2l

(3)

(4)

(5)

s.

Description I Specification of Goods

Sales tax

Sale$ tax

Sales tax. on

No.

on im port

(chargeable

supply

(payable

at the time

(payable at

by

of

tinte of supply

importer

registration

by CMOs)

.at the

oflMEl

time of

number by

i1nnort)

CMQsl

TABLE

I.	Subscriber ldent1ficaHOn Module (SLM) Cards			Rs. 250
2.	A. LO\\' Priced Cellular 1v1obilc Phone!'or	Rs. 150	Rs. 150
	Satellite Phones
	(i) All cameras: 2.0 mega-pixels or less
	(ji) Screen size:2.6 inch es or less
	(iii) Koy pad
	B. ·ledjum pciced Cellular Mobile Phones or SateJ!jts- Phones	Rs. 250	Rs. 250
	(i) One or l\\'O carneras: between 2.1 to
	l0 mega-pixels

l <lll (2) ⁽³⁾⁽⁴⁾(5)

(ii) Screen si?.e:between 2.6 inches and

5.0 inches

(iii) Microproccssor: less than 2 GHZ

C. tnarl Cellul ar Mobjle Phqnes; or Rs. 500

Sa{Ollile Phones

(i) One or t\\'O cameras: I0 mega-pixels and above

(ii) Touch Screen: size 5.0 inches and

above

(12) 4GB or higher Basic.V\emory

(13)Operating system of the type JOS. Android V2.3, Android Gingerbread or higher,Windows 8 or lllackberry RIM

(14)Micro-processor: 2GHZ or higher.

dual core orquad core

Rs. 500

LIABILITY. PROCEDURE AND CONDITIONS

(a) In case of the goods specified against S. No. 1 of the Table, the liability to charge, collect and pay tax shall be oo the Cellular Mobile Operator (CMO) at the time of supply. Incase of the goods specified against S. No. 2, the liabi lity to pay sales tax at the time of import shall be on the imponer, and the 1iability to charge, collect and pay sales tax. payable on supplies shali be on the Cellular Mobile Operator at the time of registering International Mobile Equipment ldentity (IMEl) number in his system.

(b) The Cellular Mobile Operators shall, if not already registered, obtain registration under the Sales Tax Act, 1990.

(c) i) No!MEI shall be registered in his system by a Cellular Mobile Operator without charging and collecting the sales tax as specified i n the Table.

(d) The Cellular Mobile Operator shall deposit the ·sales tax so collected through h is monthly tax return in the manner prescri bed in section 26 of the Sales Tax Act; 1990 and rules made thereunder.

(e) TI1e Cellular Mobile Operator shall mainta.i n proper records of all

£MEI numbers registered for a period of six years, and such records shall be produced for inspection, aud it or verification, as and when required,by an authorized officer of Inland Revenue.

(f) The l'akistan Telecom munication Authority shall provide data regarding IMEI numbers registered with other Cellular Mobile Operators to prevent double taxation on the same!MEI number in

case of swilching by a subscriber from one operator to another, and to provide data regarding registration of !MEI numbers to the Board on monthly basis.

(g) No adjus tment of input tax shall be admissible to the Cellu lar Mobile Operator or any purchaser of cellu lar mobile phone against the sales tax charged and paid in terms of this Schedule.

(viii) The mx specified in columfl (4) of the Table shall be charged, collected and paid with effect from such date as may be specified by the Board and the sales tax specified in column (3) shall stand withdrawn from lhe date so specified.

Note :- Notwithstanding anything contained in any other law for the lime being in force, the levy, collection and payment of sales tax under notification No. S. R. 0. 460(1)/2013, dated the 30'h May, 2013, shall be deemed to always have been lawfu lly and valid ly levied, collected and paid.";

(iv) Amend ment of Act XVII of 1996.-ln the Pak istan Telecom munication (Re-organization) Act, I 996 (XVII of 1996), the following further amendment·shall be made and shall be deemed to have been so made on the I st day of March, 20 14, namely:-

In the aforesaid Act, in section 33A, in sub-section (4), clause (c) shall be omitted.

(v) Amendments of Ordinance XX1V of 2001.-ln the Controller General of Acc-0unts (Appointment, Functions and Powers) Ordinance, 2001 (XXIV of 2001). in section 5, in clause (b),-

(iii) after the word "may" the commas and words ", with the approval of the President," shall be inserted; and

(iv) for the semi colon, at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely:-

"Provided that in case of exigency Ministry of Finance or f inance Departments, as the case may be, may authorize payments directly from the State Bank of Pak istan and submit such information to Controller General to enable him to record the transactions;".

(vi) Amendmen ts of Ordinance XLIX of 2001.-ln lhe Income Tax Ord i nance, 200 I (XLIX of 200 I ). the following further amendments shall be made, namely:-

( I ) in section 2,--

(a) clauses (8), (9), (IO) and (II) shall be re-numbered as clauses (9), ( I 0), (1 1) and (8) respectively; ·

(b) after clause (23), the following new clause shall be inserted, namely:-

"(23A) "filer" means a taxpayer whose name appears in the active taxpayers' list issued· by the Board from time to time or is holder of a taxpayer'scard ;'';

(i) for the word "and", occurring for the first time, a comma shall be substituted;

(ii) after the figure "234", the word and figure "and 236M" shall be inserted;

(iii) ) the words and commas "but does not include, in case of a shareholder of a company, the amount representing the face value of any bonus share or the amount of any bonus declared, issued or paid by the company to the shareholders with a view to increasing its paid up share capital'', shall be omitted;

(d) after clause (35B), the following new clause shall be inse11ed, namely:-

"(35C) "non-fi ler" means a person who is not a filer;";

(e) after clause (59A), the following new clause shall be inserted, namely:-

"(59B) "Special Judge" means the Special Judge appointed under section 203;"; and

(f) after clause (61), the following new clause shall be inserted, namely:-

"(61A) "stock fund" means a collective. investment scheme or a m utual fund where the in vestible funds are

.invested by way of equity shares in companies, to the extent of more than seventy per c.ent of the investn1ent;''";

(a) section 4A shall be omitted;

(b) i n section 8, in clauses (d) and (e), for the word "sections", the word "section" shall be substituted;

(iii) ^{in section 1 8, i n sub-section
(3), for the word "lesser", occurring}twice, the word "lessor" shall be substituted;

(iv) in section 21, in clause (e), after the word "fund",occur·ring for the second time a comma shall be i nserted;

(v) in section 31, in sub-section {I), for the expression "Banking Tribunals Ordinance., 1984" the expression "f inancial Institutions (Recovery of Finances) Ordinance, 200 I (:XLVI of 200 I)" shall be substituted;

(8) ^{i
n section 37, in sub-section (lA), the words and comma ''held for}a period upto two years,"shall be omitted;

(6) ^{in section 37A, in sub-section ( I ),-}

(a) first proviso shall be omitted;

{b) in the second proviso, the word "further" shall be omitted;

(4) in sub-section (3), after the word "capital" the comma and

·words '',debt securities" shall be inserted;

(5) after sub-section (3), amended as aforesaid, the follo\ving new sub-section shall be inserted, narnely:-

"(3A) For the purpose of this section, "debt securities" means-

• Corporate Debt Securitie ; such as Term Finance Certificates (TFCs), Suk uk Certificates (Sharia Compliant Bonds), Registo!red Bonds, Commercial Papers, Participation Ter1111 Certificates (PTCs) and all kinds of debt instmmcnts issued by any Pakistani or foreign company or corporation registered in Pakistan; and

• Government Debt Securities such as Treasury Bills (T-bills), Federal Investment Bonds (FIBs), Pakistan Investment Bonds . (P!Bs), Foreign Currency Bonds, Govern!lllent Papers, Municipal Bonds, Infrastructure Bonds and all kinds of debt instruments issued by Federal Government, Provincial Governments, Local Authorities and other statutory bodies.'';

(5) i n section 39, in sub-section (1),-

• in clause OJ, the word "and" shall be omitted;

• in clause (!), after the semicolon the word "and" shall be added;

• after clause (I), amended as aforesaid, the following new clause shall be added, namely:-

"(m) income arising to the shareholder of a company, from the issuance of bonus shares.";

( I J ) in section 49, after sub-section (4), for the full stop at the end a colon sha ll be substituted and thereafter the" following proviso shall be added, namely:-

"Provided tliat the income from sale of spectrum licences by Pakistan Telecommun ication Authority on behalf of the l ederal Govern ment after the first day of March 2014 shall be treated as income of the Federal Government and not of the Pakistan Telecommu nication Authority.";

( 12) in section 56A, for the word "onword", the word "onward" shall be substituted; ·

(5) in section 59AA, in sub-section (6), for the words "Central Board of Revenue"the word "Board" shall be substituted;

(6) section 88A shall be omitted;

(7) in section 92, in sub-section (I), for full stop, at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely,-

"Provided that if at least one member of the association of persons is a company, the share of such company or companies shall be excluded for the purpose of computing the total income of the association of persons ai1d the company or the companies shall be taxed separately, at the rate applicable to the companies, according to their share.";

(8) in section I OOB, in sub-section (2), for clause (d), the following clause shall be substituted,namely:-

"(d) a company, in respect of debt securities only; and";

( 17) after section I OOB, amended as aforesaid, the following new section shall be inserted, namely:-

"lOOC. Tax cre'd it for certain persons.-(l) Non-profit organizations, trusts or welfare institutions, as mentioned in sub section (2) shall be allowed a tax credit equal to one hundred per cent of the tax payable, including mini mum tax and final laxes payable under any of the provisions of this Ord inance, subject to the following conditions, namely:-

(2) retuni has been filed;

(VI) tax required to be deducted or collected has b_een deducted 01·collected and paid; and

(VII) withholding tax statements for the immediately preced ing tax year have been filed .

• any income of a trust or welfare institution or non-profi t orga nization from donations, voluntary contribu tions, subscriptions, house property, investments in the securities of the Federal Government and so much of the income chargeable under the head "income from business"as is expend ed in Pakistan for the purposes of carrying out welfare activities:

Provided that in the case of income under the head "income from business", the exemption in respect of income under the said head shall not exceed an amount wh ich bears to the income, under the said head, the same proportion as the said amount bears to the aggregate of the incomes from ihe aforesaid sources of incorne.

• a tnist administered under a scheme approved by the Federal Govcnimcnt in this behalf and established i n Pakistan exclusively for tjle purposes of canying out such activities as are for the benefit and welfare of-

• ex-servicemen and servi ng personnel, including civilian employees of the Armed · Forces, and their dependents; or

(ii) ex-employees and serving personnel of the Federal Government or a Provincial Govcmmcnt and their dependents, where the said trust is administered by a committee nominated by the Federal Government or, as the case may ·be, a Provincial Government;

• a trust or welfare institution or non-profit org8J'l ization approved by Chief Commissioner for the purposes of this sub-clause;

• income of a university or other educational i nstitution being ruo by a non -profit organization existing solely for educational purposes and not for purposes of profit;

• any income which is derived from investments in securities of 1he Federal Government, profil on deb1 from scheduled banks,grant received from Federal Government or Provincia l Government or District Governmems, foreign grants and house property held under trus1 or other legal obligations wholly. or in part only, for rel igious or charitable purposes and is actually applied or fina lly set apart for applica1ion thereto:

Provided that nothing in this clause sha ll apply to so much of the income as is no1 expended within Pakis1an:

Provided further that i f any sum out of the amount so set apart is expended outside Pakistan, it shall be included in the total income of the tax year in which it is so expended or of 1he year in which it was SCI apart, whichever is the greater, and the provisions of section 122 shall nol apply to any assessment made or to be made in pursuance of this proviso.

Explanation. -Notwithstanding anything contained in the Mu ssahnan Wakf Validating Act, 1913 (VI of 1913), or any other law for the time being i n force or i n the instru men t relating to the trust or the institu lion, 'if any amount is set apa1t, expended or disbursed for the maintenance and suppo11 wholly or partially of 1he family, children or descendents of the author of the trust or the donor or, the maker of the institution or for his own maintenance and support during his life time or paymcn1 to himself or his family, children, rcla1ions or dcscendents or for the payment of his or their debts out of the income from house property dedicated, or if any expendi111rc is made other than for charitable purposes, in each case such expenditure, provision, setting apart, payment or disbursement shall not be deemed, for lhe purposes of this clause, to he for religious or charitable purposes; or

• any income of a rel igious or charitable i nstilution derived from volun1ary contributions applicable solely to religious or chal'itable purposes of the i nstitution:

Provided tha1 no1hing contai ned in 1his clause shall apply to the income of a private religious trusl which does no1 enure for the benefit of the public.'';

(d) in sec1ion 113,-

• in suh-sec1ion (I), for!he words ·equal to one per ccnl of the person' s 1umover for 1hc year", rhe words ··the amount of minimu m tax computed on the basis of rates as specified in Division IX of Part I of First Schedule" shall be subst i1u1ed; and

(e) in su b-section (2), i n clause (b), for ihc wo1ds·'an amount equal 10 one per cent of the person 's turnover for 1hc year'', the words ''m i ni mum tax computed on the basis of rares as specified in Division IX of Part 1 of First Schedule" shall be substit utcd;

(e) after section 1 1313. the following new section I 13C shall be

inserted,namely:-

"U3C. Alternative Corporate Tax.- ( I) otwi1hsta nding anything contained in this Ord inance, for lax year 20 \ 4 and onwards, tax payable by a company shall be higher of 1he Corporate Tax or A l ternat ive Corporate lax.

(v) For the purp()scs of this sec;tion .-

• "Accounting Income" means ihe accoun1in1 ',:>rofi t before Lax for lhc tax year, as disclosed i.n the financial statements or as a(ljustcd und · sub section (7) or sub-section (11) excludit\p , shMe from the associate rccogni 7.cd u nder equity met hod of accounting:

• ''Alternative Corporate Tax" means t he lax at a rate of cvcntcen per cent of a sun 1 equal 1₀

accounting income less the amoun1s, a s SP':<:ificd

in sub-section (8), and determ ined i n ttccrmlance wi1h provisions of sub-setion (7) hercintft er;

• ··Corporutc Tax" means total lax payab le by the company, includ ing tax payab le on a ccou1lt of 1ni ni m1un ·111x and final taxes payable, u nder uny of 1hc provisions of this Ord inance but nC•!including those me111ioned i n sec1ions 8, 16 l and 162 <111d any amount charged or paid on accou111 of default su1·chargc or penalty and the 1ax pa yable u nder this section .

(vi) The sum equal to accounting i ncoll\e, less any amour\! to be excluded H1crcfrom u nder sub-section (8), shall be treated as taxable income for the purpose of this section .

(vii) The excess of Alternative Corporate Tax paid over the Corporate Tax payab le for the tax year shall be carried .forward and adjusted against the tax payable under

Division nof Part lof the f i rs\ Schedule, for following year.

(viii) If the excess tax, as mentioned in sub-section (4), is not wholly adjusted, the amounl not adjusted shall be carried fonvard to the following tax year and adjusted as specified in sub-section

(d) i n that year, and so on, but the said excess cannot be carried

forward to more than ten tax years immediately succeed ing the tax year for which the excess was first com puted.

faplanarion.-For the purpose of this sub-section !he mechanism for adjustment of excess of Alternative Corporate Tax over Corporate Tax, s1>ecified in this section, shall not prejudice or affect the entitlement of the taxpayer regarding carrying forward and adjus tment of minimum tax referred to in section I l3 of this Ordiance.

• ff Corporate Tax or A lternative Corporate Tax is enhanced or reduced as a resu lt of any amendmen t, or as a resu lt of any Or(ler under the Ordinance, the excess amount to be carried forward shall be reduced or enhanced accord ingly.

• For 1he purposes of determining the "Accounting Income", expenses shall be apportioned between the amoun( to be . excluded from account ing income under sub-section (8) and the amount to be treated as taxable income under sub-section (3).

• The following amounts shall be excluded from accounting income for the purposes of com puti ng A lternative Corporate Tax:-

exen1pt incorne

income subject io tax under section 37A and lina l tax chargeable under' sub-section (7) of section 148, section I 50, sub-section (3) of section 1 53, sub

section (4) of sections 15'4, 156 and sub-section (3) of

section 233;

(f) ) income subjccl to tax credit under section 650 and

658;

(g) income subject to tax credit under section J OOC; and

(h) i ncome of the company subject to clause (J 8/\) of Pa11-Il of the Second Schedule;

(9) The provisions of this section shall not apply to taxpayers chargeable to tax i n accordance with the provisions contained in the Fou1th, Fifth and Seventh Schedules.

( l 0) Tax credit u nder section 65B sna il be allowed agaiost Alternative Corporate Tax.

(l 1 ) The Comm issioner may make adju stments and proceed to compute accounting income as per historical accounting patter11 a!for provid ing an oppo1tunity of being heard.";

(f) in section 1 14, i n sub-section (1), in clause (b), in sub-clause (ix),

after the word "is" the words "a resident person'' shall be inse1ted;

(e) in section 122B, in the head ing and in sub-sections (I) and (2), for the words "Regional Co111missione1", whci·evcr. occurring, the words "Chief Commissioner" shall be substituted.

(f) in section 127,-

(it) for lhe words ''taxation officer", the words "Officer oflnland Revenue"shall be substituted;

(3) in sub-section (2), it1 clause (b), for the word ·'again", the word "against" shall be substituted;

• in clause (b). the word ''or", occu1Ting at the end, shall be omitted;

• ) i n clause (c), for the foll stop, at the end, a semicolon and the word "or" shall be substituted and thereafter the following new clause shall be added, nameiy:-

'.'(d) a person who has, for a period of not 1.ess than ten years, practiced professiona lly as a cost and management accountant with in the meaning of the Cost and Management Accountants Act, 1966 (XIV of 1966).";

(d) in section 148,-

(i) i n sub-sect ion (7), in clause (d),-

(i) in su b-clause (viii), .for the words "with Sales Tax Dcpanmcnl" the expression "under the Sales Tm< Act, 1990"sluill be substituted;

(ii) in sub-clause (ix), for the words, "for sales tax purposes" the expression "u nder the Sales Tax Act, 1990,. shall be substituted ; and

(b) after sub-sect ion (8), the fol lowing new sub-section shall be inse1ted, namely :-

"(8A} The tax collected under th is section at the time of import of ships by ship-hrea.kcrs shall be fina l tax.";

(25) in section 149, after sub-section (2), the following new sub sections shall be added, namely:-

"(3) No(withstanding anything contained in sub-sections (I) and (2), every person responsible for making payment for directorship fee or fee for attending board meeting or such foe by whatever name called, shall at the time of payn;ent, deduct tax at tlic rate of twc.niy percent of ihc gross amount payable .

(4) Tax deductible under sub-section (3) sh<Lll be adjustahle.";

(V) in section 150, for the expression "Division !II of Part I" 1he

expression "Division Iof Pa it lll" shall be substituted;

(VI) in section 151.

(a) in sub-section (J ), after the word "Di vision" for the figure "I"

the figure " A" shall be substituted; and

(b) in sub-section (3}, for the full stop, at the end, a colon shall he substituw<l and thereafter the following proviso shall l;c added, namely :-

"Prov ided that in che case of a non-filer other than a company the final tax shall be equal to the tax deduct ible in t he case of filer and the tax ded ucted in excess of that shall be advance income tax adjustable against tax l ia bil i ty.";

(VII) i n section 153,.in sub-seciion (1), in clause(c),-

(C) after the word and comma "contract,'', the words "including contract signed by a sportsperson"shal l be inserted; and

(D) for the wo1·ds "other than" , the words "but not including" shall be substituted;

(VIII) in section 156, in sub-section (3), after the word "under",occurring for the second time,the word and hyphen "sub-" shall be inserted;

(IX) in section 159,-

(3) in sub-section (!), in clause (b}, for the comma, a semicolon and the word "; or" shall be substituted and thereafter the following new clause sha ll be added,namely:-

"(c) is subject to hundred per cent tax credit under section

I OOC,";

(4) in sub-section (4), for the word "one", the word "on"sha ll be substituted;

(4) in section 169, in sl1b-section (l), in clause (b), for the word "of ', occurring for the eighth time, the word "or" sha ll be substituted;

(5) after section 18IA . the following new section shall be inserted, namely:-

"l.81AA. Compulsory registration in certain cases.--(!) Notwithstanding anything contained i n any law, for the time being in force, any application for commercial or industrial connection of electricity or natura l gas, shall not be• processed and ·such connection shall not he provided unless tlhe person applying for electricity or gas connection is registered un.der section 181 .";

(6) in section. 203, in sub-section (!), for full stop at the end a colon shall be substituted and thereafter the following_ proviso shall be added, namely:-

"Provided that the Federal Government may, by notification in oflicial Gazette, declare that a Special Judge appointed u nder section 185 of the Customs Act 1969 (IV of 1969) sbal l have ju risdiction to try offences under this Ordin,ance.";

(7) for section 23 IB, the followi11g shall be substituted , namely:-

"231J3. Advance tax on private motor vchicles.-(1)

Eve1y motor veh icie register ing authority of Excise and Taxation Department shall collect <idvance tax a1 the time of registration of a motor vehicle, at the rates specified in Division V II of f>art JV of

the First Schedule.

(2) Every motor vehicle registering authority of Excise and Taxation Department shall collect advance tax at the time of transfer of registratio n or ownership or a private motor vch icle, at 1he rares spceified in Division Vil of Parr IV of the First Sched ule:

Pro'lidcd that no collection of advance tax under this sub· section shall be made on transfer of veh icles after five years from the date of fast l'egistration in Pakistan.

(3) Every manufacturer of a motor car or jeep shall collect, at the time of sale of a motor car or jeep, advance tax at rhc rare speci ticd in Division VII of Pa11IV of the First Schedul<: from the person to whom such sale is made.

(4) Sub-section ( l) shall no! apply if a person produces evidence that tax under sub-section (3) i n case of a locally manu factured vehicle or tax under sect ion 148 i n the case of

·im ported veh icle was collected from !he Same person in respect of

the same vehicle.

(5) The advance rax collected u11dcr this section shall be adjustable:

Provided that the provisions of this section shall not be applicable in the case of -

(a) the Federal Governmen t;

(b) a Provincial Governmen t;

(d) a foreign diplonuil; or

(e) a d i plomatic mission in P_ak istan.";

(35) after section 235, the following new sections shall be inserted, namely:-

"235A. Domestic electricity consurniption.- (l ) There shall be collected advance tax at the rates s.pecilied in Division X IX of Pa11IV of the First Schedule on the amount of electricity bi ll of a domestic consumer.

(2) The person preparing elecLricity consumption bil l shall charge advance tax under sub-section (I) in the manner electricity consumption charges are charged.

(3) Tax collected under this secti•:Jn shall be adju stable again st tax l iabil ity.

23513. Tax on steel melteri;, re- rollers etc.--(I) There shall be collected tax from every steel melter, steel re roller, composite steel u nits, registe;red for the purpose of Chapter X I of Sales Tax Special Procedure Ru les, 2007 al the rate of one rupee per unit of clcccricity consumed for t he production of steel billets, ingots and mild steel (MS 1>roducts) excluding stainless steel .

(2) The person preparing electricity consumption bill shall charge and collect the tax under sub-section (I) in the manner electricity corisumption chairgcs are charged and collected.

(3) The tax collected under sub- section (1) shall be deemed to be the tax required to be ded ucted u nder sub section ( l) of section I 53, on the payment for local pul'Chasc of scrap.

(4) Tax collected under su b-section ( I ) shall be non adjustable and cred i t of the same shal l not be allowed to any person.'';

(36) in section 236B,-

(a) ill' sub-section (2), for the words "person preparing" the words "airline issuing" shall be substil'uted;

(b) after sub-section (2), amended as aforesaid, the following new sub-section shall he inscrted,"nam.cly,-

"(2/\) The mode, manner and t inrre of collection shall be as may be prescri bed .":

(37) after section 236J, 1he following new sections shall be inserted, namely:-

"236K. Advance tax 011 purchase or transfer of immovabfe property.-{!) Any person responsible for registering or attesting transfer of any immovable property shall at the time of registering or attesting the transfor shall collect from the purchaser or transferee advance tax at the rate specified in Division XVIII of Part IV of the First Schedule.

('2) The advance tax collected under sub-section (1) shall be adjustable.

(3) The advance tax under th is section shall not be collected in the case of the Federal Government, a Provincial Government, a Local Government or a foreign d iplomatic mission in Pakistan.

(4) Nothing contained in th is section shall apply to a scheme introduced by the Federal Government, or a Provincial Governrnem or an Authority established under a Federal or Provi ncial law for expatriate Pakistanis.

236L. Advance tax on purcha se of international air ticket.-(!) Every airline, issuing ticket for journey originating from Pak istan, shall collect advance tax at the rates specified in Division XX of Part IV of the First Schedule, on the gross amou nt of international air tickets issued to passengers booking one-way or return,from Pak istan . ·

(2) The a irline issuing air ticket shall collect or charge advance tax under sub-section (1) in the manner air ticket charges are collected or charged, either manually or electronically.

(3) The mode, manner and time of collection under sub section (l) shall be as may be prescribed.

(4) The advance tax collected u nder sub-section ( I ) sha ll be adjustable.

236M. Bonus shares issued by companies quoted on stock cxc.hangc.-{l) Notwithstand ing anything contained in any law for the time being in force, every company, quoted on stock exclra.nge, issuing bonus shares to the shareholders of the company, sha ll withhold five per cent of the bonus shares 10 be issued .

(2) Bonus shares withheld under sub-section (I) shall only be issued 10 a shareholder, i f the com pany collects from the shareholder, tax equal to five per cent or t he va l ue of ihe bonus shares issued 10 che shareholder including bonus shares withheld, determ ined on the basis of day-end price on the first day of closure of books.

(3) Tax under sub-section (2), shall be collected by the company, within fifteen days of t he first day of closure of books.

(4) If the shareholder fails to make the payment of lax u nder sub-section (2) with in fifteen days or the company fails to collect the said tax witli i n fifteen days, the company shall deposit the bonus share withheld under sub-section (I) i n the Central Depository Company of Pakistan 'Lim ited or any other entity as may be prescribe.([.

(5) Bonus shares deposited in the Central Depository Company of Pakitan Lim ited or the emity prescribed under sub section (4) shall be d isposed of in the mode and manner as may be prescribed and the proceeds thereof shall be paid to the Comm issioner, by way of credil lO the Federal Government.

(6) lssua11ce of bonus shares shall be deemed to be the. income of the shareholder and t he tax collected by the company u nder sub-section (2) or proceeds of the bonus shares d isposed of and paid under sub-section (5) shal l be treated to have been paid on hchal f of the shareholder.

(7) Tax paid under this section shall be a final tax on the income of the shareholder of the company arising from issuance of bonus shares.

236N. Bonus shares issued by companies not quoted oo stock exchange.-( I ) Notwithstanding anything contained in any law for the time being i n force, every company, not quoted on stock exchange, issu i ng bonus shares to the shareholders of the company, shall deposit tax, within fifteen days of the closure of books, at the rate of five J}er cent of the value of the bonus shares 011!he first day of closure of books, whether or not tax has been collected by tbe company under sub-section (3).

(2) Issuance of bonus shares shall be deemed to be the i ncome of chc shareholder and tax deposited under sub-section ( I ) shall be treated to have been deposited on behalf of the shareholder.

(3) A company liable to dcposi1 lax under sub-section (l), shall be entitled to collect and recover the tax deposited under su b· section (!), from the shareholder, on whose behalf the tax has been deposited, before the issuance of bonus shares.

(4) J f a shareholder neither makes payment of tax to the com pai1y nor collects its bonus shares, within three months of the date of issuance of bonus shares, the company may proceed to d ispose of its bonus shares to the exlent it has paid tax on its behalf under sub-section ( l).

(5) Tax paid under this section shall be a final tax on the income of the shareholder of the company arising from issuance of bonus shares.

(6) The Board may prescribe rules for determination of value of shares under sub-section (I).

(38) in section 239, in sub-seciion (13), for the words and comma, "amended, mod i fied", the words and comma "amend, mod ify" shal l be substituted;

(39) in the FIRST SCH EDULE,-

(!) in PartI,-

{A) i n Division 1,-

(i) after paragraph. (IA), lhe follo\ving new paragraph shall be inse11ed, namely:-

"(lB) Where the iaxabJe income in a tax year, other than income on wh ich the deduction of tax is final, does not exceed one mi llion rupees of a pe1·son-

(i) ^holdinga National Database Registration Authority's Computerized Nationa l Identity Card for disabled persl'>ns: or

(ii) a taxpayer· of the age of not less than sixty years on the first day of that 1ax year, lhe tax l iability on such income shall be reduced by 50%.";

(ii) paragraph (2) shall be omitted.

(BJ in Division II, in clause (i), in the proviso for full stop at the end a colon shall be substituted and thereafter the following new proviso shall be added, namely:-

"Provided further that the rate of tax imposed on ihe taxable i1icome of a company, other than a banki ng company shall be 33% for the tax year 20 15.";

• For Division III, the following shall be substituted, namely:-

"Division Ill

Rate of Dividend Tax

The rate of tax imposed under section 5 on dividend received from a company shall be-

(a) 7.5% in the case of dividends declared or distributed by purchaser of a power project privatized by WAPDA or on shares of a company set up for power generat ion or on shares of a company, supplying coal exclusively to power generation projects ; and

(b) I 0%, in all other cases:

Provided that the dividend received by a person from a stock fund shall be taxed at ihe rate of 12.5% for tax year 20 I 5 and onwards, if d ividend receipts are less than capital gains;

Provided fu 11her that the dividend received by a company from a collective invest ment scheme or a mutual fund, other than a stock fund, shall be taxed at the rate of 25% for tax. year 20 15 and on\vards.'

• in Division-Vil, for the Table, the fol lowing shall be substituted, namely:-

'TABLE

S.N ^o^.^Perⁱ^o^d^.Tax Year. ^{Rate of tax.}

^I2 3 4)

I. ^{Where
holding period}^o^fa 201l 10%

^security^{is less than}six 201°2 10%

months. 20 l 3 10%

20 14 10%

2. ^W^hereholdi11g period of a 20 11 7.5%

^s^{ecurity is}Jnore than six 20 12 8%

^{months but}less than twel ve 20 13 8%

months. ₂_{0 14 8%}

TAX Y EAR 20 15

3. Where holding period of a security is less than twelve mon ths.

12.5%

4. Where hold i ng period of a security is twelve months or more but less than twenty-four months.

10%

5. ^Where^{holding
period of a}0% security is twenty-fou r months

or 1nore.n

Provided that the rate for companies shall be as specified in Division II of Part I of First Schedule, i n respect of debt securit ies;

(E) in Division VIII, in the TABLE, after S.No 2, the followi ng new S.No and correspond ing entries 1'Claring thereto in columns (2) and (3), shall be adde.d, namely:-

^"³^{. Where holding period of}0% immovable propcrfy is more

than t\vo ycars.H;

(F) atkr Division V III, amended as aforesaid, the following new Division shall be added, namely,-

"Division IX

Minim um tax under section 1 13

S. No.

Person(s)

'v1inimum Tax as percentage of the person 's turnover for lhc year

(I)

(2)

(3)

I.

(a)          Oil marketing companies, Oil

refineries, Sui Southe-rn Gas Company Limi Led and Sui Norrhel1l Gas Pipelines Limited ( for the cases where annual

turnover exceeds rupees one billion.);

(b)          ^{Pak is}^tani^A^ir^lⁱⁿ^es;^and

(c)          Pou lt1y industry including poull1y breed ing, broiler production, egg

production and poultiy feed production.

0.5%

2.

(a)          Distributors of pharmaceutical products, consumer goods including fast moving consumer goods fertilizers and cigarettes;

(b)         ^Petroleum^agents^{and d}ⁱ^st^rⁱ^bu^tors^whoare registered under the Sales Tax Act. 1990;

(c)         ^{R ice}^mills^{and dealers; and}

(d)         ^Flour^mi^lls.

0.2%

3.

Motorcycle dealers registered under the Sales

Tax Act, 1990.

0.25%

4.

In all other cases.

!%"

(ll)        for Part II, the following shall be substituted, namely:- ''PART-II

RATES OF A DVANCE TAX

lSee Division II of Part Y of Cbaplcr X]

The rate of ad vance tax to be collected by the Collector of Customs under seclion 148 shall be-

S.No.

Persons

Rate

(!)

(2)

(3)

(i) Industrial undertak ing impo1ting

rcmeltablesteel (PCT Heading 72.04) and directly reduced iron for its own use:

1 % of import value as increased by

(l)	(2)	(3)
	(ii) Persons importing potassic fertilizers in pursuance of Economic Coordination Committee of the cabinet's decision No.ECC- 0 155/12i2004 dated the 9"' Dcccmber, 2004; (iii) ^P^er^sons^{importing urea; and} (iv) Manufacturers covered under Notificat ion No. S.R.O. I 125(1)/20 11 daced the 31" December, 20 I I dated the 3 I"December. 20 11.	custo111s- duty, sales tax ^and federal excise duty
2.	Persons importing pu lses	2% of impo1t ^val^u^eas increased by customs- ^duty,sales tax and Federal excise dutv
"J.	Commercial importers covered under Notification No. S.R.O. I I 25(1)i20 I I dated the 3I" December, 20 I I.	3% of impo1t value as increased by customs- dury, sales tax ^and federal excise dutv
4.	Sh in breakers on inmoit of shios	4.5%
5.	Industrial undertakings not covered under S. Nos. !·to 4	5.5%
6.	Comoanies not covered under S. Nos. I to 5	5.5%
7.	Persons not covered under S. Nos. I to 6	6%"

(lll) Part!IA shall be omitted;

(i) in Part Ul,-

• for Division I, the following shall be substituted, namely:-

''Division J

Advance Tax on Dividend

The rate of tax to be deducted under section 150 shall be--

(a) 7.5% in the case of dividends declared or distributed by purchaser of a power project pri vatized by WAPDA or on shares of a com pany set up for power generation or on shares of a company, supplying coal exclusively to power generation projects;

(b) 10% for filers other than mentioned in (a) above;

Provided that rhe rate of tax required to be deducted by a collective investment scheme or a mutual fund shall be--

'	Stock Fund	Money market Fund, lncome Fund or any other fund
lndividual	10%	10%
Company	10%	25%
AOP	10%	10%

Provided further that in case of a stock fund if dividend receipts of the fund arc less than capita l gains, the rate of tax deduction sha ll be 12.5%.

Division IA

Profit on Debt

The rate of tax 10 be deducted under scctior1 I SI shall be I0% of the yield or profit for filers and 15% of the yield or profit paid, for non-filers:

Provided that for a non-fi ler, if the yield or profit paid is rupees five hundred thousand or less,the rate shall be ten per cent";

(b) in Division Ill,-

(A) in paragraph (I), in sub-paragraph (b),-

(i) in clause (i), for the figu re "3.5'', the figure "4" shall be substituted; and

(ii) in clause (ii), for the figu re "4", the figure "4 .5" shall be substituted;

(B) in paragraph (2), in sub-paragraph (ii),-

(i) in clause (a), for the figure "6", the figure ''8" shall be substituted;and

(ii) ) i n clause (b), for the figure "8", the figure "IO'' shall be substitu ted ;

(i) i n sub-paragraph (i), for the figure ·'6", the figure "7"

shall be substituted;

(ii) in sub-paragraph (ii). for the figure '·6.5", the figure

"'7.5'' shall be substituted; and

(iii) ) a!\cr sub-paragraph (i i), ame.nded as aforesa id, the following new su b-paragraph shall be added, namely:-

"(iii) I 0% of the gross amount payable in case of sportspersons.";

(d) in Division VIA, for the figure "10'', the figure "12" shall be substituted;

(V) in Pait JV.-

(a) for Di v ision ll , the following shall be substituted, namely:-

"Divisinn Tl

Brokcni;::c and Commission

The rate of collection under sub-section (I) of section 233 shall be.-

(a) 7.5% of the amount of rhc payment. in ca c of advertising agent :

(b) 12% of t he amou nt of payment in all other cases.";

(b) in Di vision Ill,

(i) for clause (3), the fol lowing shall be subst ituted, namely:-

''(3) i n case of other private motor cars shall t>c as following,-

S. No .	Engine capacity	for filers	for non-ti ler
( I )	(2)	(3)	I
			(4) _!
l.	upto l OOOcc	_IRs. J ,000	; lls. 1,000
2.	IOO l cc to l199cc	Rs. 1,800		- R. 3,600 Rs. 4,000
3.	I 200cc to l299cc	Rs 2,000
4.	l 300cc tol499cc	Rs. 3,000	Rs. 6,000
s.	I SOOcc to l599cc	Rs. 4,500	Rs. 9,000
6.	I 600cc to l999cc	Rs. 6,000	Rs. 12,000
7.	2000cc & above	Rs. 12,000	Rs. 24,000"

(ii) for clause (4), the following shall be substituted, namely :-

"(4) where the motor vehicle tax. is collected in Jump sum,-

s. No.	Engine ctpacit)'		for filer		for non-filer
( I )	(2)		(3)		(4)
I.	upto IOOOcc		Rs. 10,000		Rs. 10,000
2.	IOO lcc to l l 99cc		Rs. 18,000		Rs. 36,000
3.	l 200cc to I 299cc		Rs. 20,000		Rs. 40,000
4.	1300cc to l 499cc	I		Rs. 30,000	Rs. 60,000
5'.	l SOOcc to I 599cc		Rs. 45,000		Rs. 90,000
6.	I 600cc to J 999cc		Rs. 60,000		Rs. l 20,000
7.	2000cc and above		Rs. 120,000		Rs.240,000"

(d) in Division VI, after the word "withdrawn" the words and figures "for filers and 0.5% of the cash amount withdrawn, for non-filers" shall be inserted ;

(e) for Division Vil, the following shall be substituted, namely:-

"Division Vil

Advance tax on purchase of private motor car aod jeep

The rate of tax under sub-sections (1), (2) and (3) of section 23 1 B shall be as follows:-

S. No.	Engine Capacity	Tax for filer	Tax for Non-filer
(I)	(2)	(3)	(4)
I.	Upto 850cc	Rs.• 10,000	Rs. 10,000
2.	85 lcc to I OOOcc	Rs. 20,000	Rs. 25,000
3.	I OOlcc to 1300cc	Rs. 30,000	Rs. 40,000
4.	130Ice to I 600cc

A. ANGIOPLASTY PRODUCTS

B. ANGIOGRAPHY PRODUCTS

C. CONTRAST MEDIA FOR ANGIOGRAPHY/ ANGIOPLASTY

H. CARDIAC ELECTROPHYSIOLOGY PRODUCTS

I. LEAR CARDIOLOGY PRODUCTS

J. CARDIAC SURGERY PRODUCTS

K. EQUIPMENT

“Table-3

A. Medical Equipment.

E. Other Related Equipments

Annex-A

Annex-B

“EIGHTH SCHEDULE

Table-1

Table-2

Annexure

Annex-A

Annex-B

“NINTH SCHEDULE

TABLE

B. Medium Priced Cellular Mobile Phones or Satellite Phones

C. Smart Cellular Mobile Phones or Satellite Phones

LIABILITY, PROCEDURE AND CONDITIONS

“Division II Brokerage and Commission

STATEMENT OF OBJECTS AND REASONS

1•m.ooo,

"'' "<Yda>•