Reduced rate of Income Tax on import of sugar

I GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, I: STATISTICS AND REVENUE (REVENUE DIVISION) $ $ $ $ $ Islamabad, the 24th August, 2020. NOTIFICATION (Income Tax) S.R.O, 771(I)/2020.^- In exercise of 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 the omitted clause (9A), the following new clause shall be inserted, namely:- ! “(9AA) In respect of import of white crystalline sugar falling under H.S codes 1701.9910 and 1701.9920 from the 25th day of August, 2020 to the 15th day of November, 2020 (both days inclusive), tax under section 148 shall be collected at the rate of 0.25% provided that such imports shall not exceed three hundred thousand metric tons in aggregate, as per mode and manner prescribed by Ministry of Commerce during the said period.”. IC. No. U3ISTM/2004 (Pt-IIDl (Ch. MutTammau Tarrque) Additional Secretary