The Federal Board of Revenue is pleased to direct that the following further amendment shall be made in its Notification No. S.R.O. 647(I)/2007, dated the 27th June, 2007, and the same shall be effect

GOVERNMENT OF PAKISTAN REVENUE DIVISION FEDERAL BOARD OF REVENUE. *** th Islamabad, the 11 June, 2008 NOTIFICATION (SALES TAX) S.R.O. 529(I)/2008.- In exercise of the powers conferred by the second proviso to sub-section (1) of section 8B of the Sales Tax Act, 1990, the Federal Board of Revenue is pleased to direct that the following further amendment shall be made in its Notification No. S.R.O. 647(I)/2007, dated the 27th June, 2007, and the same shall be effective from the 1st July, 2008, namely:─ In the aforesaid notification, for the Table, the following shall be substituted, namely:─ “TABLE S. No. Sectors (1) (2) 1. Persons registered in electrical energy sector. 2. Oil marketing companies and petroleum refineries. 3. Fertilizers manufacturers. 4. Manufacturers consuming raw materials chargeable to sales tax at the rate of 18.5% or 21% provided value of such raw materials exceeds 50% of value of all taxable purchases in a tax period. 5. Wholesalers-cum-retailers operating in Chapter XII of the Sales Tax Special Procedures Rules, 2007. 6. Commercial importers provided the value of imports subjected to 2% value addition tax under Chapter X of the Sales Tax Special Procedures Rules, 2007, exceeds 50% of value of all taxable

purchases in a tax period. 7. Person making zero-rated supplies provided value of such supplies exceeds 50% of value of all taxable supplies in a tax period.”. [C. No. 3(14)ST-L&P/08] Abdul Hameed Memon Secretary (ST-L&P)