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
(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; (c)
soft
soap or no-soap soap; (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) (c) Base Caps B22 and E27 (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 8539.9040 8539.9040 8539.9040 8539.9040 3206.5010 3824.9099 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; (c)
SMD, LEDs with or without ballast, with fittings and
fixtures; (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
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)
1. Electrophysiology catheters
2. Electrophysiology cables
3.
Electrophysiology connectors
1.
Radioactive
isotopes
2.
Cold kits (Cardioloite
MAA, DTPA etc)
1.
Oxygenators
2. Cannulas
3.
Prosthetic
Heart Valves
4.
Luminal
Shunts for heart surgery
5.
Artificial limbs and appliances
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:-
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
S. No |
Description |
PCT heading |
Conditions |
(1) |
(2) |
(3) |
(4) |
1. |
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:-
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
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. |
|||
4. |
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. |
|||
6. |
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. |
|||
7 |
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.
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.
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,-
[See clause (aa) of sub-section (2) of section 3]
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. |
||||
5 |
Raw cotton and ginned cotton |
Respective headings |
5% |
On import |
6 |
Plant and machinery not manufactured locally and having no compatible local substitutes |
Respective headings |
5% |
(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.
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
(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, lay out plan and drawings.
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.
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 |
|
4 |
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. |
|||
5. |
Complete plants for relocated industries. |
Respective Headings |
Nil |
6. |
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; (c) Messrs ABS;
(d) Messrs Bureau 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- |
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 |
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 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.
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,-
[See sub-section (3B) of section 3]
(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 |
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 30th May, 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 1st of 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;”;
(c) in clause (29),-
(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;
(c)
in sub-section (3), after the word “capital” the comma and words “,debt securities”
shall be inserted;
(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
(c)
withholding tax statements for the immediately preceding tax year
have been filed.
(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;
(c)
a Local 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.”;
(C)
in Division-VII, for the
Table, the
following shall be substituted,
namely:-
“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 9th December, 2004; (iii)
Persons
importing urea; and (iv) Manufacturers covered under Notification No. S.R.O. 1125(I)/2011 dated the 31st December, 2011 dated the 31st December, 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 31st December, 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;
(c)
15% for non-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;
(C) in paragraph (3),-
(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.”;
(c)
in Division IV, in paragraph
(3), for the figure “0.5”, the figure “1” shall be substituted;
(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:-
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,—
S 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” |
(c)
in Division V, in clause (b) for the figure
“15”, the figure
“14” shall be substituted;
(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;
(c)
in clause (57), in sub-clause (3), after paragraph
(xii), the following new paragraph shall be added,
namely,-
“(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;,
(c) after
clause (18), the following new clause shall be inserted,
namely:-
“(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;
(c)
after clause (1A), omitted as aforesaid, the following new clause
shall be inserted, namely:-
“(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 1st July 2014.”;
(b)
clauses (10) and (10A)
shall be omitted;
(c) in clause (11A), in sub-clause (v), after the figure and brackets, “(132)” the following shall be inserted, namely:-
“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
S.
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.
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
73
74
75
76
77
78
79
80
81
82
83
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.
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)
Colours in sets (Poster
colours}
(j)
\Vriting. drawing and matking inks
88 Erasers
B.
Excccise books
C.
Pencil sharpeners
D.
Energy saver lamps
E.
Sewingntachincs <1f the household rype
F.
Bicycles
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:
(c) soft .soap or no-soap soap:
(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 edible 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)
(c)
Oasc CpS 622 and EZ7
(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
8S39.9040
8S39.9040
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
(c) Spray Pumps
and
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
S.
No Description 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 puiif)1ing, mad1U e()' aJld 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$sories of
automatic regulating or c<lntrolling inslrun1ents and apparatus
8423.8t00
8•23.8200
8423.8900
8423.9000
8423.9000
8517.6970
8514.3000
9016.0010
9016.0090
9032.10 10
9032.1090
9032.20(>0
9032.8100
9032.8990
9032.9000
P
Spares. ac«$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).
(c) Light emitting diode.s (light
e.mitting in difti.!(cnt colors).
<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 cells |
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.
(c) Oven.
(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
(C) Gcn<t>!OC
(d) Doep cycle battery
8l389090
39209900
RC'Spectl\-"l:
headirigs,
8541.1000
3920 <)<)(}()
8479.8990
8514.3000
8$14.3000
8479 8990
84619000
382A 9099
2848.0000
Rcspcc1h·c
headin
9030.8900
8S04.1020
354).7010
8412.8090
S.Sl29090
14129090
8501.90
&S07 8000
(44)
\Vind wattr pump 8413.8190
(45)
Georhcrmal c:11c:·
equipmc-nts.
(J) Geo1hermaJ I!eat Pumps
(2) Geotht.o'nal Reversible Chillers
(iii)
Air h:!ndkrs for ind1J\n quality control cquipcnents
(iv)Hydronic heat pump
(c) Slim Jim he excha.ntcrs
(6) HOP€ fusion ?oOls
8418.6100.
84 18.6990
8418.6' )0
84 1S.8300
8418.6100
8419 j000
SSIS.8000
invcnors, charge
controllers
and batteries
16 Plant, 1na.::hinel')', equipment a,nd specific items used
in production of biodics l.
9032.8990.
8507.0000
Rc:;pc:ctive
headings
being i1r1por1ed are i1l quantities which oom1ncnsuratc wilh the PV modules being im;ported.
TI1e ,'\hetnat ivc Energy Dcvclopmenl Board (l\COB Islamabad shall mtify
in ihc pn:sc.ribod manner and format as
per
Ann::<8D that the imported goods are bonafidc pcojcct requirement. ih c:. goods shall not be sold or otherwise disposed of
,\•ithin a period of (ivc. ye.ars of their
im1)on c:: ce.pt with Lhe prior apptoval of the FBR and payrnent of customs duties and ta:<c; lcviablc at the time- of import .
A.nne.i:-A
f-le:dcr l for:i:a1io11 |
||||||||||||
l\IN!fTN of ltn' porte: IR.<1:g.c!11u.1ry A :r.arity r.o. |
Name urRet;.ul31ory•11tl1o:ity |
|||||||||||
(!) (2) |
(l) |
|||||||||||
Dei\'lils of br.u1
£1)Qwt'$
( a bt- fl!!«!
b)' the .;f- t:f CXC'.O:UI: \' Of lf-.C
ill'l(l0!1)!l.j; "<>mplmy) |
Goo& irnPQe"teC (Cfll!cctar.it.e @f import} |
|||||||||||
-:< c3 |
Oe dp1i¢ |
11 *'' |
C\:$t(l :'n Duty tlltC ( !>lie· :ible) |
$ k Tu r.ite C pplitlll:i c> |
" |
.· l |
COM |
Q..a'.ld ty inrp<Jr!cd |
Col!cc<oC'ne |
CRNI MS<-11 No. |
C)::.e of 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 NTX/fDiori1';'9(1r!(I I
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>· rli; (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$c of 1hc 2bQvc mcnt10fled insllumcnts
or refund or
1hc amount paid
at inipon s1agc,
(iv) Sobscquc,.
sopplr
of
pl""'
and machinery Jmponed
or acquirtd by register«! nlanufacturers 10 unregistered persons or persons other lhan 1na11ufaCluu:rs shall be liable
to tax
at standard rote;and
(v) the 't'alidf(y period
of
instruinei11S furnished ui1der th.is
provision :;hull not b¢ lei,.,. than one hundred
a'.ld
&plgngtion.- t"or the purposeof this
on. pl3'lt
3'ld machlll<f)' means such plant
and madunety as i$ 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)
followln,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. 111a1ctials. 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:·! IRtguhu"!Joui!'ltlrit>'Co), |
- |
of Rq:ub:ory;iutbo:i:)' |
|||||||||||
(I) (2) |
(J) |
||||||||||||
O.: i6ofln;i111zcod\ (:e 11;;.:,;.by 1 e 111:rruc111i>\'. o.>flb.'. tn;>orti:is tompny) |
<ioods itn ntd (Collo.:1or'lttor..ro r1) |
||||||||||||
-§ u |
0.-sc;.-j;l:l«\ |
Speu |
C'L"StQ'.l'l Out)' iat.: (ap;1h .. iblc) |
S:1fo::' 1'(1 i"11"pp!k.·.obk) |
!:: |
l" |
UOi |
Qv:inii:)' tml)(l(ltil |
Colle nrii:t |
('RN/ |
|
l)At ¢ " ('R.Xt ll l"o. |
|
M.J.ch 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 ') |
|
|||||||||||
HS Cod.,. |
Oese:ri;i1iot1 |
|
Cai.torn. (U.)'
:'\ltC (llppl b-!c) |
r:t( (liobk) |
|
|
Q: •:r.1ty i r:t.U |
r('ll1o;C:¢{11:t fl2l |
('R,". 'IM.c'.i. |
|
C.l,.<< CitN.t M:id1 !\(I, {!() |
|
o. |
||||||||||||
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 ;'';
(c) in clause (29),-
(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;
(c) in section 13, in sub-sect ion (8), the word "the", occu rring last, shall be omitted;
(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 .
(c) Persons eligible for t.ax credit under this section include-
• 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;
(c) in section 130, in sub-section (4),-
• 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;
(c) a Local Government;
(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) holding a 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. Period . Tax Year. Rate of tax.
I 2 3 4)
I.
Where
holding period of a 201l 10%
security is less than six 201°2 10%
months. 20 l 3 10%
20 14 10%
2. Where holdi11g period of a 20 11 7.5%
security is Jnore than six 20 12 8%
months but less than twel ve 20 13 8%
months. 20 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 istani A
irl ines; 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
istributors who are registered under the Sales Tax Act. 1990; (c)
R ice 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. !%"
(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. |
(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)
Persons 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 value as 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;
(c) 15% for non-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 ;
(C)
in paragraph (3), ·
(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.";
(c)
in Division
IV,
in paragraph (3), for the figure "OS', the figure
"I" shall be
substituted:
(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 |
I Rs. 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" |
||
(c)
in Division V, in clause (b), for the figure "15", the figure "14"
shall be substituted;
(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 |