MINISTRY
OF FINANCE, REVENUE AND ECONOMIC AFFAIRS
(REVENUE
DIVISION)
***
NOTIFICATION
(CUSTOMS/SALES
TAX)
S.R.O.
(I)/2006.- In exercise of the
powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), and
clause (a) of sub-section (2) of section 3 of the Sales Tax Act, 1990, the
Federal Government is pleased to direct that the following further amendments
shall be made in its Notification No. S.R.O. 678(I)/2004, dated the 7th
August, 2004, namely:-
In
the aforesaid Notification, -
(a) in
clause (1), for the brackets, figures and word “(1) AND (2)”, at the end, the
brackets, figures, comma and word “(1), (2) AND (2a)” shall be substituted;
(b)
in clause (2), for the brackets, figures and
word “(1) AND (2)”, at the end, the brackets, figures, comma and word “(1), (2)
AND (2a)” shall be substituted;
(c)
after clause (2), the following new clause
shall be inserted, namely:-
“(2a). plant, machinery and
equipment, as are not manufactured locally, imported by LNG developers or LNG
TO/O, from customs-duty as is in excess of 5% ad valorem,
leviable under the First Schedule to the Customs Act,
1969 (IV of 1969), and the whole of sales tax, subject to the conditions
specified under the caption “CONDITIONS WITH REFERENCE TO CLAUSES (1), (2) and (2a)”;”;
(d)
after clause (5),
in the heading, for the brackets, figures and word “(1) AND (2)”, the brackets,
figures, comma and word “(1), (2) AND (2a)” shall be substituted; and
(e) under the heading “CONDITIONS WITH REFERENCE TO CLAUSES (1),
(2) and (2a)”, amended as aforesaid, in clause (i),
after the brackets, letters and comma “(CNG),” the words, letters, brackets and
comma “Liquefied Natural Gas (LNG),” shall be inserted.
[C.No.1/7/Mach./94-Pt.]
(SHAHID
AHMAD)
ADDITIONAL SECRETARY