Sales Tax Refund Rules

Government Of Pakistan Ministry of Finance, Economic Affairs, Statistics & Revenue Central Board Of Revenue ******** Islamabad, the 1st January, 2003. NOTIFICATION (SALES TAX) S.R.O. 02(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 make the following amendments in the Sales Tax Refund Rules, 2002, namely:- In the aforesaid rules,- (1) in rule 2, in sub-rule (1), clause (c), after the word “goods” the words “or deposits the amount of sales tax on his purchases from sales tax registered persons by filing sales tax returns on behalf of the suppliers” shall be inserted. (2) in rule 12, in sub-rule (4), for the words and comma, “per annum, on average for last three years” the words “during the last twelve months” shall be substituted. (3) in rule 14, in the end for the full stop, a colon shall be substituted and thereafter following proviso shall be added and shall be deemed always to have been so added, namely:- “Provided that refund claims filed by commercial exporters for exports made till 31st December, 2002, shall also be sanctioned under the Sales Tax Refund Rules, 2000, after production of Bank Credit Advice (BCA) showing receipt of sales proceeds in foreign exchange from the country to which the goods have been exported.”. [C.No.3(12)ST-L&P/2002] (Dr. KAMAL AZHAR MINHAS) Secretary (ST-L&P)