S.R.O. 308(I)/2000.--

In exercise of the powers conferred under section 34A of the Sales Tax Act, 1990, the Federal Government is pleased to exempt so much of additional tax chargeable under section 34 as is in excess of the simple rate of one and a half per cent per month and penalties as are in excess of fifty per cent of the amounts or rates of penalties chargeable under section 33 of the said Act due on such principal amount of sales tax as has accrued or has been assessed, determined, adjudged or demanded in any manner or is outstanding on any account or for any reason on or before the date of issue of this notification if such principal amount is paid by a registered person alongwith additional tax and penalties as reduced by this notification on or before 30th June, 2000.

2.      In cases where there are no arrears of principal amount of sales tax and the arrears involve additional tax and penalty only, the benefit of this notification shall be admissible if the amount of additional tax and penalties not exempt under this notification is paid by a registered person on or before the said date.

3.      The notification shall not entitle any registered person to refund of any tax, additional tax or penalty already paid.

4.      This notification shall also apply in cases where prosecution proceedings under the said Act have been initiated.

[C.No. 1(33)STP/99-Pt.II]

(SARFRAZ AHMAD KHAN)

Additional Secretary