GOVERNMENT OF PAKISTAN
CENTRAL BOARD OF REVENUE
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                                                                                                                           Islamabad, the 5th April, 2002
 NOTIFICATION
(Sales Tax)
 
                   S.R.O. No. 207(I)/2002.— In exercise of the powers conferred by clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to exempt the whole of sales tax chargeable on the import and supply 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 the ships or crafts which are acquired for demolition purposes or are designed or adapted for use for recreation or pleasure  purposes.
 
2.                This exemption shall be available up to the year 2020 subject to the condition that the said ships or crafts are used only for the purpose for which they were 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.