The Federal Board of Revenue is pleased to allow repayment of sales tax paid on steel products under Chapter XI of the Sales Tax Special Procedures Rules, 2007.
SRO 308(I)/2008Special procedures and schemes
SRO 308(I)/2008 is a Sales Tax SRO dated 24 March 2008, listed by FBR as "The Federal Board of Revenue is pleased to allow repayment of sales tax paid on steel products under Chapter XI of the Sales Tax Special Procedures Rules, 2007.".
The text below was extracted automatically from the text layer of the official PDF, and any machine-read text layer FBR added to a scan can contain misread characters. 1 of 4 pages are scanned images with no text layer; those pages are marked and have not been transcribed. Check the official PDF before relying on any wording or figure.
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GOVERNMENT OF PAKISTAN
(REVENUE DIVISION)
FEDERAL BOARD OF REVENUE
********
Islamabad, the 24th March, 2008.
NOTIFICATION
(SALES TAX)
S.R.O. 308(I)/2008.⎯In exercise of the powers conferred by section 61 of the
Sales Tax Act, 1990, the Federal Board of Revenue is pleased to allow repayment of
sales tax paid on steel products under Chapter XI of the Sales Tax Special Procedures
Rules, 2007, to the registered persons on the export from Pakistan of steel products as
specified in column (2) of the Table below, at the rates mentioned against each in
column (3) of the said Table subject to the conditions specified in paragraph 2.
TABLE
S. No. Description Repayment-cum-drawback rate
(1) (2) (3)
1. Ingots or billets other than Rs. 4,100 per metric ton
imported or of Pakistan Steel
Mills or of Peoples Steel Mills
2. Mild steel re-rolled products Rs. 4,717 per metric ton
manufactured from ingots and
billets other than imported or
of Pakistan Steel Mills or of
Peoples Steel Mills
3. Mild steel re-rolled products Rs. 5,460 per metric ton
manufactured from imported
billets or billets of Pakistan
Steel Mills or Peoples Steel
Mills
2. The repayment under this notification shall be admissible subject to the
fulfilment of the following conditions, namely: -
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(i) the sales tax liability in respect of exported goods has been discharged to
the extent as prescribed under rules 58H and 58Ha of the Sales Tax
Special Procedures Rules, 2007;
(ii) the exporter shall file claim for repayment of sales tax to the concerned
Collector of Sales Tax and Federal Excise for the repayment on monthly
basis, as and if due, within a period of six months after the end of the tax
period in which the goods were exported;
(iii) commercial exporters shall be entitled to the repayment of sales tax
provided they make direct procurements from the registered persons who
are subject to sales tax under aforesaid rules 58H and 58Ha.
(iv) the claimant shall submit duplicate goods declarations (in original) for
export along with the claim for repayment. In addition, he shall also furnish
goods declarations (in original) for import and original purchase invoices
where the claim relates to serial number 3 of the Table above or where the
claim has been filed by commercial exporter. One set of photocopies of
aforesaid original documents shall also be submitted. The original
supportive documents shall be returned to the claimant after tallying with
the photocopies by the officer-in-charge or any officer authorized by the
Collector in this behalf, who will record the following endorsement under
the full signatures and official stamp of the said officer, namely:-
“Zero-rating has been claimed on this Goods declaration/ invoice”.
(v) the exporters shall be required to furnish a monthly inventory-cum-
production statement to the concerned Collector in the format as set out in
‘Annex’ duly supported by copies of goods declarations and purchase
invoices. The statement shall be verified by the Collectorate on quarterly
basis through desk audit; and
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(vi) the provisions of Export Policy and procedures shall apply to repayment
under this notification.
3. The Collectorates shall process the repayment claim in the same manner
as prescribed under Chapter V of the Sales Tax Rules, 2006, as far as applicable, and
shall issue sanction order within a period of thirty days of the receipt of claim along with
all requisite documents.
4. This notification shall be deemed to have taken effect on the 1st day of
July, 2007.
Annex
[See paragraph 2(v)]
MONTHLY INVENTORY-CUM-PRODUCTION STATEMENT
Name of registered person
Registration No.
NTN ________________________________
Month
S. Description Opening stock Quantity Quantity Supplied Closing
No. of finished produced/ Local Export stock
goods obtained
during the
month
Certified that the tax of Rs. _____________ has been paid under rule 58H / 58Ha of
the Sales Tax Special Procedures Rules, 2007, in the above said month (Copy of paid
bill/ challan enclosed).
Signature
Name
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No text layer on this page. See page 4 of the official file.
Which later SROs refer to this one?
SROs whose FBR title names SRO 308(I)/2008, usually to amend or rescind it.
- SRO 1244(I)/201713 December 2017Amendment in SRO 308(I)/2008 dated 24-3-2008 allowing repayment of sales tax paid on steel products
- SRO 802(I)/201230 June 2012Amendment in SRO. 308(I)/2008 dated 24th March, 2008 in accordance with the changes made vide SRO. 801(i)/2012 dated 30.06.2012
- SRO 596(I)/20121 June 2012Amendment in SRO 308(I)/2008, dated 24.03.2008
- SRO 333(I)/201231 March 2012SRO 333(I)/2012 dated 31.03.2012 is an amendment in the S.R.O 308(I)/2008 dated 24th March, 2008.
- SRO 317(i)/20106 May 2010Federal Board of Revenue is pleased to direct that the following amendment made in Notification No. S.R.O.308(I)/2008, dated the 24th March, 2008,
Related Sales Tax SROs on special procedures and schemes
- SRO 862(I)/200819 August 2008Federal Government is pleased to direct that in the Sales Tax Special Procedures Rules, 2007, the following further amendments shall be made and shall be deemed to have been so made on the 1st day of
- SRO 525(I)/200810 June 2008The Federal Government is pleased to direct that the following further amendments shall be made in the Sales Tax Special Procedures Rules, 2007, which shall take effect on the 1st day of July, 2008
- SRO 408(I)/200829 April 2008The Federal Government is pleased to direct that the following further amendments shall be made in the Sales Tax Special Procedures Rules, 2007.
- SRO 315(I)/200827 March 2008The Federal Government is pleased to direct that the following further amendments shall be made, in the Sales Tax Special Procedures Rules, 2007.
- SRO 309(I)/200824 March 2008The Federal Government is pleased to direct that the following further amendments shall be made in the Sales Tax Special Procedures Rules, 2007.
- SRO 77(I)/200823 January 2008The notification amends the Sales Tax Special Procedure (Withholding) Rules, 2007