Updated: Saturday July 10, 2021/AsSabt Thoul Hijjah 01, 1442/Sanivara Asadha 19, 1943, at 06:36:35 PM
The Finance Act, 2021
ISLAMABAD, WEDNESDAY,
JUNE 30, 2021
PART I
Acts, Ordinances, President’s Orders and Regulations NATIONAL ASSEMBLY
SECRETARIAT
Islamabad, the 30th June, 2021
No. F.
22(36)/2021-Legis—The following Act of
Majlis-e-Shoora (Parliament) received the assent
of the President
on the 30th June, 2021 is hereby published for general information:—
ACT NO. VIII OF 2021 AN
ACT
to give
effect to the financial proposals
of
the Federal Government for the year beginning on the
first day of July, 2021,
and to amend 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, 2021, and to amend certain laws for the purposes hereinafter appearing;
(209)
PART I] THE GAZETTE OF PAKISTAN, EXTRA., JUNE 30,
2021 209
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[914(2021)/Ex. Gaz.].
Price:
Rs. 340.00
It is hereby
enacted as follows:—
1.
Short title and commencement.—(1) This Act shall be
called the Finance
Act, 2021.
(2) It shall, unless specified otherwise, come into force on the first day of July,
2021.
2.
Amendments of Stamp Act, 1899 (II of 1899).—In the Stamp Act, 1899 (II of 1899), the following further amendments shall be made, namely:—
(1)
in section 2,—
(a)
for clause (11), the following shall be
substituted:—
“(11) “duly stamped” means affixation of an adhesive or impressed
stamp or e-stamp of not less than the
requisite amount and that the stamp has been legally affixed,
used or electronically generated,”;
(b)
after clause (11), amended as aforesaid, the following
clause (11A) shall be
inserted, namely;
“(11A) “e-stamp” means a paper printed
or partially
printed containing a bar code or having any of its unique
identification code and such other information, as may be specified by the rules,
to be generated and printed,
on
deposit of
money equivalent to chargeable
stamp duty in the account of the
Government”;
(c)
for clause (13), the
following shall be substituted, namely:— “(13) “impressed
stamp” includes—
(a)
the label affixed and impressed by the proper
officer;
(b)
the stamp embossed or engraved
on a stamp paper; and
(c)
estamp”; and
(d)
in clause (14), after the word “recorded”, the words “and includes
any instrument executed
in electronic form” shall be inserted.
(2)
In section 10,—
(a)
in sub-section (1), after the word “stamps”, the words “or e-stamps” shall be inserted; and
(b)
in sub-section (2), in
clause (a), after the word “stamps”, the words “or
e-stamps” shall
be inserted.
(3)
After section
32,
the
following section 32A shall
be
inserted,
namely:—
“32A. Certificate of designated officer.—An officer designated by the Government shall, by notification in the official
Gazette, issue a certificate as to genuineness or otherwise
of an e-stamp for the purpose of
evidence in a
legal proceedings”.
3.
Amendments of Customs Act, 1969 (IV of 1969).—In the Customs Act, 1969 (IV of 1969), the following
further amendments shall be made, namely:—
(1)
in section 2,—
(a)
in clause
(kka), for the expression “bill of lading, airway bill”, the expression “master bill of lading,
bill of lading, airway bill, certificate
of origin”
shall be substituted;
(b)
after clause (kkb), the following new clause shall be added, namely:—
“(kkc) “electronic assessment” means assessment of
a goods declaration in Customs
Computerized System by an officer
of Customs or by the computerized system according to the selectivity criteria;”;
(c)
after clause
(lc), the following new clause shall be added, namely:—
“(ld) “Vessel Intimation Report” or “VIR” means an intimation regarding impending arrival of a vessel at a customs
sea port, where the customs computerized system is operational, to the customs
authorities in the form and manner, by the carrier or his agent, as may be prescribed by rules;”;and
(d)
in clause (s), after the word “concealing”, the expression “, retailing” shall be inserted;
(2)
after section
3CCA, the following new section shall
be added,
namely:—
“3CCB. Directorate General of National Nuclear Detection Architecture.—The Directorate General of National
Nuclear Detection Architecture
shall consist of a Director General and as many Deputy Director Generals, Directors, Additional Directors, Deputy Directors, Assistant Directors and such other officers
as the Board may, by notification in the official Gazette, appoint.”;
(3)
after section 3CCB, the following
new section shall
be added, namely:—
“3CCC. Directorate General of Marine.—The Directorate General of Marine shall consist
of a Director General and as many Directors, Additional Directors, Deputy Directors, Assistant Directors and such other officers as the Board may, by notification in
the official Gazette,
appoint.”;
(4)
for section 12, the following
shall be substituted, namely:—
“12. Power to appoint or licence
public warehouses.—(1) At any warehousing station, the respective Collector of Customs in his own jurisdiction may, from time to time, appoint or licence public warehouses wherein
dutiable goods may be deposited without payment
of customs-duty.
(2)
Every application for a licence for a public warehouse shall be made in such form as may be prescribed by the respective Collector
of Customs
in his own jurisdiction:
Provided
that where the Customs Computerized System is operational, the application shall be filed to the respective Collector of Customs
through the system
in the manner as may be prescribed
by rules.
(3)
A licence granted under this section may be cancelled
by the respective Collector of Customs in his own jurisdiction for infringement of any condition laid down in the licence or for any violation
of any of the provisions of this Act or any rules made thereunder, after the licensee has been given proper
opportunity of showing cause against the proposed cancellation.
(4)
Pending consideration whether a licence
be cancelled under sub-section (3), the respective Collector of Customs in his own jurisdiction may
suspend the licence.”;
(5)
after section
12, the following new section
shall be added, namely:—
“12A. Power to
appoint or licence common warehouses.—
(1) At any warehousing station, the respective Collector of Customs
in his own jurisdiction may, from time to time, appoint or licence common warehouses wherein dutiable goods may be deposited
without payment of customs-duty on owner or licensee
own account.
(2)
Every application for a licence for a common
warehouse shall be made in such form as may be prescribed by the respective Collector of Customs in his own jurisdiction:
Provided
that where the Customs
Computerized System is operational, the application shall be filed to the respective Collector of Customs through the system
in the manner as
may be prescribed by rules.
(3)
A licence granted under this section may be cancelled
by the respective Collector of Customs
in his own jurisdiction for infringement of any condition laid down in the licence
or for any violation of any of the provisions of this Act or any rules made thereunder, after the licensee
has been given proper opportunity of showing cause
against the proposed cancellation.
(4)
Pending consideration whether a licence
be cancelled under sub-section (3), the respective Collector of Customs
in his own jurisdiction may suspend
the licence.”;
(6)
for section 13, the following
shall be substituted, namely:—
“13. Power to licence private warehouses.—(1) At any warehousing station, the respective Collector of
Customs in his own jurisdiction may, from time to time,
licence private warehouses wherein dutiable goods may be deposited
without payment of
customs-duty.
(2)
Every application for a licence
for a private
warehouse shall be made in such form as may be prescribed by the respective Collector of Customs in his own jurisdiction:
Provided
that where the Customs
Computerized System is operational, the application shall be filed to the respective Collector of Customs through the system
in the manner as
may be prescribed by rules.
(3)
A licence granted under this section may be cancelled
by the Collector of Customs in his own jurisdiction for infringement of any condition laid down in the licence or for any violation of any of the provisions of this Act or any
rules made thereunder, after the
licensee has been given proper opportunity of showing cause against the proposed
cancellation.
(4)
Pending consideration whether a licence may be cancelled under sub-section (3), the respective Collector of Customs
in his own jurisdiction may suspend
that licence.”;
(7)
in section 18E, for the full stop at the end, a colon shall be substituted and thereafter the following
proviso shall be added, namely:—
“Provided further that the Board may constitute a
committee or a centre for the purpose
of settlement of disputes
regarding classification of goods and may prescribe rules or procedure for carrying
out the purpose of this section.”;
(8)
in section 19, in sub-section (5), in the second
proviso, for the figure “2021”,
the figure “2022” shall be substituted;
(9)
in section 25, in sub-section (9), after the word “determined” occurring for the second time, the words “using
reasonable means”
shall be inserted.
(10)
in section 25A,—
(a)
in sub-section (1),—
(i)
after the word “section”, the expression “the Collector of Customs
on his own motion or” shall be
inserted; and
(ii)
for the full stop at the end, a colon shall be substituted and thereafter the following
proviso shall be added, namely:—
“Provided that notwithstanding anything contained in any provision
of this Act and any decision or judgment
of any forum, authority or court,
while determining the customs
value under this section,
the Director may incorporate values from internationally acclaimed publications, periodicals, bulletins or official websites of
manufacturers or indenters of such goods.”;
(b)
after sub-section (2), the following new sub-section shall be added, namely:—
“(2A) In case of any conflict in the customs value determined under sub-section (1), the Director General of Valuation
shall determine the applicable customs value.”; and
(c)
in sub-section (4), after the expression “(1)”, the expression “ ,or the case may
be under sub-section (2A)” shall be
inserted;
(11)
in section
25C, for the word “Board”, the words “respective Chief Collector”
shall be substituted;
(12)
for section 25D, the
following shall be substituted, namely:—
“25D. Review of
the
value determined.—Notwithstanding the provision
contained in section 25A, the Director General Valuation may on his own motion or in pursuance to a review petition made to him within thirty days from the date of determination by any person or an officer
of Customs may rescind or determine
the value afresh:
Provided
that the proceedings
so
initiated shall be completed within sixty days of the filing of the review petition
or initiation of proceedings as the case may be.”;
(13)
in section 27A, after the word “owner”, the expression “,to be made before
the filing of goods declaration,” shall be inserted;
(14)
in section 30, for the first proviso,
the following shall be substituted,
namely:—
“Provided that, where a
goods declaration has been manifested in advance
of the arrival
of the conveyance by which the goods have been imported,
the relevant date for the purposes
of this section shall be the date on which the goods declaration is manifested under section 79 or section 104, as the case may be, except for those goods declaration in
respect of which the rate of duty change after the submission of the goods declaration and before the berthing or cross-over event of the vessel or the vehicle
respectively, as the case may be, the relevant
date in which case, for the purposes of this section,
shall be the date on which the vessel has berthed or the
vehicle has crossed-over the
border, as the case
may be.”;
(15)
in section-32, in sub-section (3A), in first proviso,
for the words “one hundred”, the words “twenty thousand” shall be
substituted.
(16)
in section 32C, in sub-section (1), for the second proviso,
the following shall
be substituted, namely:—
“Provided further that Board may, by notification in
the official Gazette, make rules for carrying out the purposes
of this section.”;
(17)
for section 44, the following
shall be substituted, namely:—
“44. Delivery of import manifest in respect of a conveyance other than a vessel.—The person-in-charge of
a conveyance other than a vessel shall before arrival or as per following timelines, after arrival thereof at a land customs-station or customs-airport, as the case may be, deliver or file electronically an import manifest
to appropriate officer of Customs:
(a)
for customs airport: within three hours of landing; and
(b)
for land Customs-station: at the time of entry into the country as prescribed under the rules.”;
(18)
in section 45,—
(a)
in sub-section (2), for the full stop at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely:—
“Provided that before the berthing of
the vessel or the cross-over of the vehicle, as the case may be, the person incharge of a conveyance or his duly authorized agent may amend the import manifest
subject to the rules notified
by the Board.”; and
(b)
sub-section (3) shall be omitted;
(19)
in section
79, in clause (a), the
word “and” at the end, shall be omitted
and thereafter, the following new clause shall be added,
namely:—
“(aa) the documents mandatory for assessment of the goods, shall be uploaded by the importer or his agent with the goods declaration, as may be prescribed by the Board; and”;
(20)
in section 80, in sub-section (4), for the full stop at the end, a colon
shall be substituted and thereafter the following proviso shall be added,
namely:—
“Provided further that in
case of clearance of goods declaration through green channel, the goods may be examined with the prior approval of the Collector of Customs.”;
(21)
in section 82, in clause (c), after colon at the end, the following new proviso
shall be added, namely:—
“Provided that Collector of
Customs may direct the importer
or in case importer is not traceable, the shipping
line to re-export
out of Pakistan any goods,
banned or restricted through a notification issue by the Federal Government, if the same are not cleared
or auctioned within sixty days of the date of their arrival:”;
(22)
in section
83B, after the word “to”, the word “outright” shall be inserted;
(23)
in section 88, for sub-section (5), the following
shall be substituted, namely:—
“(5) If the quantity
or value of any goods has been incorrectly stated in the goods declaration, due to inadvertence or bona
fide error, the Collector of Customs
may, for reasons
to be recorded in writing, direct the correction
of the said error.”;
(24)
in section 98, in sub-section (1), for clause (a), the following
shall be substituted, namely:—
“(a) by the Collector
of Customs, for a period not exceeding
six months;
and”;
(25)
in section 131, in sub-section (2), in the second proviso, the expression “, where Customs Computerized System has not been introduced” shall be
omitted;
(26)
in section 155F,
in clause (c), in the first proviso, for the words “after recording reasons in writing”, the expression
“after giving notice and affording
reasonable opportunity of being
heard,” shall be
substituted;
(27)
in section 155R, for the full stop at the end, a colon shall be substituted and thereafter the following
proviso shall be added, namely:—
“Provided
that in case where any clerical or typographical error is noted in goods declaration except as provided
in section 29 of this Act, the exporter or importer
may apply to the concerned
officer not below the rank of Assistant
Collector for issuance of correction or corrigendum certificate and the concerned officer upon
his satisfaction may issue
such certificate for subsequent correction in the computerized goods
declaration.”;
(28)
in section 156, in sub-section (1), in the Table,
in column zero,—
(a)
against S.No.1,—
(i)
for sub-serial No.(ii), and entries relating thereto
in columns (1), (2) and (3), the following
shall be substituted,
namely:—
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If any
person, as specified in the
rules, contravenes
the
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such person shall be
liab under: -
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le to a
penalty as
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General
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requirement of placement of
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1st
time
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Rs 50,000/-
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invoice and packing list
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2nd
time
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Rs 250,000/-
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inside the import container or
consignment.
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3rd time and
onward for every recurring violation
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Rs 500,000/-
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(ii)
after sub-serial number (ii), amended as aforesaid, the following
new serial number
and entries thereto
in column (1), (2) and (3), shall be inserted, namely:—
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“(iii)
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If any
person fails to attach or electronically upload mandatory documents required under
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such person shall under:-
1st
time
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be liable to a penalty
as
Rs.50,000/- General”;
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section 79 or
131 of
the
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2nd
time
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Rs.100,000/-
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Customs Act, 1969-,
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3rd time
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Rs.150,000/-
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4th
time
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Rs.200,000/-
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5th time and onwards,
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Rs.250,000/-,
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(b)
S.No. 47A, and entries related thereto in column (1), (2) and (3)
shall be omitted;
(c)
against S.No.89,
in the sub-serial number (i), in column (1), after the word “concealing”, the expression “, retailing” shall be inserted; and
(d)
against S.No.90,
in column (1), after the word concealing,
the expression “, retailing”
shall be inserted;
(29)
in section 157, in sub-section (2), in the proviso, for the full stop a colon shall be substituted and thereafter the following new proviso shall be added, namely:—
“Provided further that where a conveyance found carrying smuggled goods in false cavities
or being used exclusively or wholly
for transportation of offending goods under clause (s) of section 2 of this Act, has been seized for the third time, no option to pay fine in lieu of the confiscation shall be
given.”;
(30)
in section 179, in sub-section (3), in the second proviso, for the full stop at the end, a colon shall be substituted and thereafter the following
proviso shall be added,
namely:—
“Provided further that in
cases where in goods are lying at sea-port,
airport or dryport, these shall be decided
within thirty days of the issuance of show cause notice which can be extended by another
fifteen days by Collector
of Customs, if required
so.”.
(31)
in section 195, for marginal note and for sub-section (1), the following shall be substituted,
namely:—
“195. Powers of Board or Chief Collector
or Collector to pass certain
orders.—(1) The Board or the Chief Collector
or the Collector
of Customs may, within
his jurisdiction, call for
and examine the records of
any
proceedings under this Act for the purpose of satisfying itself or, as the case may be, himself
as to the legality
or propriety of any decision
or order passed by a subordinate officer:”;
(32)
in section 196, in sub-section (1), for the word “Additional”, wherever occurring,
the word “Deputy” shall be substituted;
(33)
in section 202B, for marginal
note and for sub-section (1), the following shall be substituted, namely:—
“202B. Reward to officers and officials of Customs and Law Enforcement Agencies.—(1) In cases involving evasion of customs-duty and other taxes and confiscation of goods, cash reward shall be sanctioned to the officers of Customs
Service of Pakistan,
as defined under the Occupational Groups and Services (Probation, Training and Seniority) Rules, 1990 and officials
including officers and officials
of other law enforcement agencies, who assist Customs officers and officials or are actually
instrumental in seizure
of smuggled goods and vehicles as confirmed
by the respective Collectorate of Customs,
for their meritorious conduct in such cases,
and to the informer
providing credible information leading to such confiscation or detection, as may be prescribed by rules by the Board, only after realization of part or whole of the duty and taxes involved in such
cases.”;
(34)
in section 212B, in sub-section (5), for the words “one year” , the words
“three years” shall be substituted;
(35)
in the First Schedule,—
(i)
in Sub-Chapter-V, in the title, after the word “AREA”, the expression “OR SPECIAL TECHNOLOGY ZONES (STZ) OR AUTHORIZED UNDER EXPORT FACILITATION SCHEMES,” shall be added; and
(ii)
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
(36)
the Fifth Schedule to the Customs Act, 1969 (IV of 1969),
shall be substituted in the manner provided for in the Second Schedule to this
Act.
4.
Amendments of the Members of Parliament (Salaries and Allowances) Act, 1974 (XXVII of 1974).—In the Members of Parliament (Salaries and Allowances) Act, 1974 (XXVII of 1974),
the following further
amendments shall be
made, namely:—
(1)
In section 10,—
(a)
in sub-section (2A),—
(i)
after the word “nearest”, the words “or most viable”
shall be inserted;
(ii)
after the word “Islamabad”, the words
“or the equivalent value
thereof in travel vouchers.”
shall be inserted;
and
(b)
after sub-section (2A), as amended
aforesaid, the following new explanation
shall be added;
“Explanation.—In this sub-section where the Pakistan
International Airlines Corporation (PIAC) does not fly from the concerned member’s constituency, twenty-five business
class open return air tickets shall be issued by the PIAC or travel vouchers
of equivalent value for issuance of air tickets
from another nearest viable Airport.
The member may opt for provision
of air
tickets or travel vouchers.”;
(c)
in sub-section (3),—
after the expression “sub-section (1)”, the expressions “and (2A)” shall be inserted; and
(d)
in sub-section (4), after the expression “sub-section (1)”, the expression
“and (2A)” shall be inserted.”
5.
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,—
(a)
after clause (4A), the following new clause shall be inserted,
namely:—
“(4AA) “Commissioner (Appeals)” means Commissioner of
Inland Revenue (Appeals) appointed under
section 30;”;
(b)
in clause (5AB), in sub-clause (d), for the word “three”, the word “ten” shall be
substituted;
(c)
after clause (18), the following new clause (18A) shall be inserted,
namely:—
“(18A) “online market place” includes
an electronic interface
such as a market place, e-commerce platform, portal or similar means which facilitate sale of goods, including
third party sale, in any of the following manner, namely:—
(a)
by controlling the
terms and conditions of the
sale;
(b)
authorizing the charge to the customers
in respect of the payment for
the
supply; or
(c)
ordering or delivering the goods.”;
(d)
in clause (37), in sub-clause (iii), after the word “falsification”, the
word “of” shall be inserted;
(e)
in clause (43A),
(i)
in sub-clause (e), after the word “more”, the words “or two thousand
square feet in area or more in the case of retailer of furniture”
shall be inserted;
(ii)
after sub-clause
(e), the word “and”
shall be omitted and thereafter
following new clause (f) shall be
inserted, namely:—
“(f) a retailer who has acquired
point of sale for accepting payment through debit or credit
cards from banking
companies or any other digital payment service
provider authorized by State Bank of Pakistan;
and”
(iii)
existing sub-clause (f) shall be
renumbered as (h); and
(f)
in clause (44), in sub-clause (a), the words “or the time when any payment is received
by the supplier in respect of that supply, whichever is earlier”
shall be omitted;
(2)
in section 3,—
(a)
in sub-section (1B), in
clause (a), for the word “on”, occurring for the second time, the word “or” shall be substituted;
(b)
in sub-section (9A), first proviso shall be omitted; and
(c)
after sub-section (9A), the following
new sub-section shall be added,
namely:—
“(9AA) In respect of goods, specified in the Thirteenth Schedule,
the minimum production for a month shall be determined on the basis of a single or more inputs as consumed in the production process as per criterion specified in the Thirteenth Schedule and if minimum
production so determined
exceeds the actual supplies for the month, such minimum production shall be treated as quantity supplied during the month and the liability
to pay tax shall be
discharged accordingly.”.
(3)
in section 8B,—
(a)
in sub-section (1), after the word “person”,
the words “other than public limited
companies listed on Pakistan
Stock Exchange” shall be inserted;
and
(b)
in sub-section (6), for the expression “15%”, the expression “60%” shall be
substituted;”
(4)
in section 11, in sub-section (5), for the words “relevant date”, the words “end of the financial
year in which the relevant date falls” shall be substituted;
(5)
in section 22, in sub-section
(1),—
(a)
in clause (e), after the word “bills” occurring for second time, the expression
“cash book,” shall be inserted; and
(b)
after clause (ea), the following new clause (eb) shall be inserted,
namely:—
“(eb) Electronic version of records mentioned in clauses (a) to (ea) of
this sub-section.”.
(6)
in section 25AA, the existing
sub-section shall be renumbered as sub-section (1) and thereafter the following new sub-section (2) shall be added,
namely:—
“(2) The Board may, by notification in official
gazette, prescribe rules
for carrying out the
purpose of sub-section (1).”;
(7)
after omitted section
26A, the following new section
26AB
shall be inserted, namely:—
“26AB. Extension of time for furnishing returns.—(1) A
registered person required to furnish
a return under section 26 may apply, in writing,
to the Commissioner for an extension
of time to furnish the return.
(2)
An application under sub-section (1) shall be made
by the due date for furnishing the return in terms of section 2(9) for the period
to which
the application relates.
(3)
Where an application has been made under sub-section (1) and the Commissioner is satisfied that the applicant is unable to furnish
the return to which the application relates by the due date
because of—
(a)
absence from Pakistan;
(b)
sickness or other misadventure;
or
(c)
any other reasonable cause,
the Commissioner may, by order in writing,
grant the applicant an
extension of time for furnishing the return.
(4)
An extension
of time under sub-section (3) shall not exceed
fifteen days from the due date for furnishing the return, unless there
are exceptional circumstances justifying a longer extension
of time:
Provided
that where the Commissioner has not granted
extension for furnishing the return under sub-sections (3) or (4), the Chief Commissioner may on an application made by the
registered person for extension
or further extension, as the case may be, grant extension
or further extension
for a period
not exceeding fifteen
days, unless there are exceptional circumstances justifying a longer extension
of time.
(5)
An extension
or further extension of time granted under sub- sections
(3) or (4), as the case may be, shall not, for the purpose of charge of default surcharge
under section 34, change the due date for payment
of sales tax under section
6.”;
(8)
In section 40D, in sub-section (5), after the expression “Gilgit- Baltistan,”, the words “Border Sustenance Markets and” shall be inserted;
(9)
after section
40D, the following
new section 40E shall be inserted,
namely:—
“40E. Licensing of brand name.—(1) Manufacturers of the specified goods shall be required
to obtain brand licence
for each brand or stock keeping
unit (SKU) in such manner as may be
prescribed by the Board.
(2) Any specified brand and SKU found to be sold without
obtaining a licence
from the Board shall be deemed counterfeit goods and liable to outright
confiscation and destruction in the prescribed manner and such destruction and confiscation shall be without
prejudice to any other penal action
which may be taken under this
Act.”;
(10)
in section 48, after sub-section (2), the following new sub-section
(3) shall be
added, namely:—
“(3) The provision
of sub-sections (1) and (2) shall mutatis mutandis apply regarding assistance
in collection and recovery of taxes in pursuance of a request from a foreign
jurisdiction under a tax
treaty, bilateral
or a multilateral
convention,
and
inter-governmental agreement or similar agreement or
mechanism.”;
(11)
in section 50, in sub-section (2), after the word “price”,
the words “or may be placed regularly on the official website maintained by the Board” shall be inserted;
(12)
in section 56A,—
(i)
in the title,
after the word
“information”, the words “or assistance in recovery
of taxes” shall be
inserted;
(ii)
after sub-section (1), the following
new sub-section (1A) shall be inserted,
namely:–
“(1A) Notwithstanding anything contained in this Act, the Board shall have power to share data or information including
real time
data videos, images received under the provisions of this Act with any
other Ministry or Division of the Federal
Government or Provincial Government, subject
to
such limitations and conditions
an may be specified
by the Board.”; and
(iii)
after sub-section (2), the following
new sub-section (3) shall be
added, namely:—
“(3) The Federal Government may enter into bilateral
or multilateral convention, and inter-governmental agreement or similar
agreement or mechanism
for assistance in
the recovery of taxes.”;
(13)
in section 56C, the existing sub-section shall be renumbered as sub-section (1) and thereafter the following new sub-section shall be added,
namely:—
“(2) The Board may prescribe procedure for “mystery
shopping” in respect of invoices
issued by tier-1 retailers
integrated with FBR online system randomly and in case of any discrepancy, all the relevant provisions of this Act shall apply accordingly.”;
(14)
in section 67, in first proviso at the end for full stop at the end a colon shall be substituted and thereafter the following new proviso
shall be added, namely:—
“Provided further that where a
refund due in the consequence of any order passed under section 66 is not made within forty five days of date of such order, there shall be paid to the claimant in addition to the amount
of the refund due to him, a further
sum equal to KIBOR per annum of the amount of refund, due from the date of the refund
order.”;
(15)
in section 73, in sub-section (1), after the first proviso,
the following new proviso shall be added, namely:—
“Provided further that adjustments made by a registered person in respect
of amounts payable and receivable to and from the same party shall be treated as payments
satisfying the provisions of this sub-section subject to following conditions, namely:—
(a)
sales tax has been charged and paid by both parties under the relevant provisions of this Act and rules prescribed thereunder,
wherever applicable; and
(b)
the registered person has sought prior approval of the Commissioner before making such adjustments.”;
(16)
in section 76, the existing sub-section shall be renumbered as sub- section
(1) and thereafter the following new sub-section (2) shall be
added, namely:—
“(2) The Board may authorize
and prescribe the manner in which fee and service charges collected under sub-section (1) shall be
expended.”;
(17)
in the Third Schedule, in column (1), after serial number 49, the following new serial number 50
and entries relating thereto in columns
(2)
and (3) shall be added,
namely:—
|
“50.
|
Sugar except where it is
supplied as an industrial raw material to pharmaceutical, beverage and confectionery industries
|
Respective heading”;
|
(18)
in the Fifth Schedule,
in the Table, in column
(1),—
(a)
Serial No. 1, 6, 10 and 11 and entries
relating thereto in column
(2) shall be
omitted; and
(b)
in the Fifth Schedule, after S. No. 14, in column (1) and entries
relating thereto
in column
(2),
the following
new
S. No.
15 shall be added, namely:—
|
“15.
|
Local supplies of raw materials, components, parts and plant and machinery to registered exporters authorized under Export Facilitation Scheme, 2021
notified by the Board with such conditions, limitations
and restrictions.”;
|
|
16.
|
Milk (PCT heading 04.01).
|
|
17.
|
Fat filled milk excluding that sold in retail packing under
a brand name or a trademark (PCT heading 1901.9090).
|
|
18.
|
(i)
Supply, repair or maintenance of any ship which is neither;
(a)
a ship of gross
tonnage of less than 15 LDT; nor
(b)
a ship designed or adapted for use for recreation or pleasure.
(ii)
Supply of spare parts and equipment for ships falling under
(i) above.
(iii) Supply of equipment and machinery for
salvage or towage
services.
(iv)
Supply of equipment and machinery for
other services provided for the handling of ships in a port.”
|
(19)
in the Sixth Schedule,—
(a)
in Table-1, in column (1),—
(i) Serial No. 22, 24, 26, 27, 29, 29C, 73, 73A, 74, 75, 76,
77, 78, 79, 80, 82, 83, 85, 91, 93, 101, 103, 106, 108,
115, 123, 124, 125, 128 and 153 and entries
relating thereto in columns (2) and (3) shall be
omitted;
(ia) against
S. No. 19, for the entry in column (2), the expression “cereals and products of milling
industry” shall be substituted;
(ii)
against S. No. 133,
in columns (2) and (3), the
following new
entries shall be added, namely:—
|
|
White spirit
|
2710.1240
|
|
|
Solvent oil
|
2710.1250.”
|
(iii)
in serial No. 137,—
(a)
in column (2), after expression “g/m2”, the words “, art paper and printing
paper” shall be inserted;
and
(b)
in column
(3), after the figure “4802.5510”, the expression “,4810.1990, 4810.1910
and 4802.6990”
shall be inserted;
(iv)
after serial
No. 156 and entries relating thereto in columns
(2) and (3), the following new serial Nos. shall be
added, namely:—
|
“157.
|
Import of
CKD (in kit form) of following electric vehicles (4 wheelers) by local manufacturers till 30th June, 2026:
(i)
Small cars/SUVs with 50
Kwh battery or below;
and
(ii)
Light commercial
vehicles (LCVs) with 150 kwh
battery or below
|
Respective headings
|
|
158.
|
Goods temporarily imported into Pakistan by International Athletes which
shall be subsequently taken by them within 120 days of temporary
import
|
Respective headings
|
|
159.
|
Import of
auto disable Syringes till 30th June, 2021
(i)
with needles
(ii)
without needles
|
9018.3110
9018.3120
|
|
160.
|
Import of
following raw materials for the manufacturers of auto disable
syringes till 30th
June, 2021
(i)
Tubular metal needles
(ii)
Rubber Gaskets
|
9018.3200
4016.9310
|
|
161.
|
Import of
plant, machinery, equipment and raw materials for consumption of these items
within Special Technology Zone by the Special
Technology Zone Authority, zone developers and zone enterprises
|
Respective headings
|
|
162.
|
Import of raw materials, components, parts and plant
and machinery by registered persons authorized under
Export Facilitation Scheme, 2021
notified by the Board
with such conditions, limitations
and restrictions.”;
|
Respective headings
|
(b)
in Table-2, in column (1),—
(i)
serial Nos. 17, 18, 19, 20, 24 and 25 and entries
relating thereto in columns (2) and (3) shall be
omitted;
(ii)
after serial number 25, the following
new serial numbers and entries
relating thereto in columns
(2) and (3) shall be
added, namely:—
|
“26.
|
Supply
of locally produced silos
till
30.06.2026
|
Respective heading |