GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS & REVENUE
CENTRAL BOARD OF REVENUE 
******** 

                                                                                                            Islamabad, the 27th February, 2003.

NOTIFICATION
(SALES TAX)

            S.R.O. 203(I)/2003.– In exercise of the powers conferred by section 50 of the Sales Tax Act, 1990, read with the first and second provisos to sub-section (1) and sub-section (2) of section 10 thereof, the Central Board of Revenue is pleased to direct that the following amendments shall be made in the Sales Tax Refund Rules, 2002, namely:-

            In the aforesaid Rules, in rule 14, in the proviso,-

            (a)    for the figures and word “31st December, 2002” the figures and word “30th June, 2003” shall be

                    substituted; and

 

            (b)    for the full stop, at the end, a colon shall be substituted and thereafter the following further proviso shall

                    be added, namely:- 

                            “Provided further that refund claims filed by commercial exporters may be sanctioned and paid if a

                            bank guarantee, in the format prescribed by the Board, is submitted by the commercial exporters

                            in lieu of Bank Credit Advice (BCA) for refund claims filed till 30th June, 2003.”.

[C.No.3(12)ST-L&P/2002]

(Dr. KAMAL AZHAR MINHAS)
Secretary (ST-L&P)