Fixation of Value of Steel Products for Sales Tax Purpose
SRO 489(I)/2022Sales tax schedules and rates
SRO 489(I)/2022 is a Sales Tax SRO dated 5 April 2022, listed by FBR as "FIXATION OF VALUE OF STEEL PRODUCTS FOR SALES TAX PURPOSE".
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Page 1
Government of Pakistan
Revenue Division
Federal Board of Revenue
*****
Islamabad, the 5th April, 2022
Notification
(Sales Tax)
S.R.O. 489(I)/2022.- In exercise of the powers conferred by proviso to clause
(46) of section 2 of the Sales Tax Act, 1990, the Federal Board of Revenue, in
supersession of Notification No. S.R.O. 9 8 5(1)72021, dated the 4lh day of August,
2021 and its amending Notification No. S.R.O. 1465(1)72021, dated the 15th day of
November, 2021, hereby re-fixes the minimum value of supply of locally produced
steel goods specified in column (2) of the Table below, as shown against each in
column (3) thereof, for the purpose of payment of sales tax on ad valorem basis, at
the rate as applicable to and specified in sub-section (1) of section 3 of the said Act,
namely
Table
(Per Metric Ton)
Sr. No. Goods Value
(!) (2) (3)
1. Steel bars and other long profiles Rs. 164,03 77-
2. Steel Billets Rs. 133,8137-
3. Steel Ingots/bala Rs. 126,0007-
4. Ship plates Rs. 129,5 847-
5. Other re-rollable iron & steel scrap Rs. 125,6887-
2. In case the value at which supply of above products is made is higher than the
value fixed herein, the sales tax shall be charged on such higher value.
1C. No. 1/102-STB/2015 (Pt-l)l
(
'
(Wnser ^Rijeed)
Second Secretary (ST&FE-Budget)
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