Amendment in S.R.O. 678(I)/2004, dated the 7th August, 2004

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, REVENUE AND ECONOMIC AFFAIRS (REVENUE DIVISION) *** Islamabad, the 10th May, 2006. 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