Amendment in Sales Tax refund Rules

GOVERNMENT OF PAKISTAN (REVENUE DIVISION) CENTRAL BOARD OF REVENUE ***** Islamabad, the 7th June, 2003 NOTIFICATION (SALES TAX) S.R.O. 502(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 direct that the following further amendments shall be made in the Sales Tax Refund Rules, 2002, namely:- In the aforesaid Rules,- (a) in rule 7, in sub-rule (2), in clause (b), in sub-clause (ii), in the proviso, after the word “sanctioned” the words “in full” shall be inserted; and (b) in rule 9, in sub-rule (1), in clause (g), for the full stop, at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely:- “Provided that a manufacturer-cum-exporter who consumes raw material inputs as per calculations made by the Input Output Co-efficient Organization (IOCO) and Customs House, Karachi, may not submit stock statement with each refund claim.”. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [C.No.1/5-STB/2003] ( Dr. Fareed Iqbal Qureshi ) Secretary Sales Tax Budget