GOVERNMENT OF PAKISTAN

MINISTRY OF FINANCE, ECONOMIC AFFAIRS,

STATISTICS AND REVENUE,

(REVENUE DIVISION)

CENTRAL BOARD OF REVENUE

*****

Islamabad, the 6^th September, 2004

NOTIFICATION

(INCOME TAX)

                        S.R.O. 769(I)/2004.- In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance, namely:-

                        In the aforesaid Schedule, in Part II, after clause (13C), the following new clause shall be added, namely: -

“(13D)               In respect of import of polyester yarn/fibre of all types, the tax under section 148 shall be collected at the rate of two percent of the value of such items as increased by customs-duty and sales tax, if any, levied thereon.”.

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 [C.No.4(19)TP-I/91-Pt-III]

(Salman Nabi)

Member(Direct Taxes)/Additional Secretary.