Exemption from Customs duty/sales tax/Income Tax on import of Hybrid Electric Vehicles (HEV)
SRO 607(I)/2012Exemptions and concessions
SRO 607(I)/2012 is a Sales Tax SRO dated 2 June 2012, listed by FBR as "Exemption from Customs duty/sales tax/Income Tax on import of Hybrid Electric Vehicles (HEV)".
The text below was extracted automatically from the text layer of the official PDF. Line breaks and table layout may differ from the original, and where FBR scanned the paper and added a machine-read text layer, that layer can contain misread characters. Check the official PDF before relying on any wording or figure.
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GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS & REVENUE
(REVENUE DIVISION)
***
Islamabad, the 2nd June, 2012
NOTIFICATION
(Customs, Sales Tax and Income Tax)
S.R.O. 607 (I)/2012.- In exercise of the powers conferred by section 19 of
the Customs Act, 1969 (IV of 1969), clause (a) of sub-section (2) of section 13 of the
Sales Tax Act, 1990 and sections 53 and 148 of the Income Tax Ordinance, 2001 (XLIX
of 2001), the Federal Government is pleased to exempt Hybrid Electric Vehicles (HEV)
falling under PCT Code 87.03, on import from so much of the customs duty, sales tax
and withholding tax, as are in excess of 75% of the applicable rates thereof.
2. Depreciation in the duties and taxes, in case of old and used HEVs, shall
be admissible at the rate of 2% per month subject to a maximum of 60%.
_____________________________________________________________________
[C. No.1(3)Tar-III/2012 ]
(Mumtaz Haider Rizvi)
Secretary
Which later SROs refer to this one?
SROs whose FBR title names SRO 607(I)/2012, usually to amend or rescind it.
- SRO 499(I)/201312 June 2013S.R.O 499(I)/2013 superseded S.R.O. 607(I)/2012, dated the 2nd June, 2012
Related Sales Tax SROs on exemptions and concessions
- SRO 220(I)/201319 March 2013To rationalize the zero-rating regime under SRO 1125(I)/2011, dated 31.12.2011 which was earlier modified vide SRO 154(I)/2013, dated 28.02.2013
- SRO 179(I)/20137 March 2013The Federal Government is pleased to direct that all registered persons who have claimed zero-rating on supplies made by them in terms of SRO .....
- SRO 606(I)/20121 June 2012Waiver of default surcharge and penalty in cases of illegally adjusted input tax and Rescinding of SRO 563(I)/2012 dated 25-05-2012
- SRO 548(I)/201222 May 2012Exemption has been granted to whole of the amount of default surcharge and penalty for non payment of an amount of Sales Tax or Federal Excise duty outstanding on account of any audit observation, audit report, show cause notice or any adjudication order or who has failed to pay any amount of tax credit, adjustment, refund, drawback or rebate due to any reason , subject to the condition that the outstanding principal amount of Sales Tax or Federal Excise duty is paid by the 31st May, 2012.
- SRO 408(I)/201219 April 2012Exemption from whole of the sales tax chargeable on Blood Bag CPDA-1 with blood transfusion set pack in Aluminum foil with set.
- SRO 136(I)/201214 February 2012By this notification, in pursuance of ECC decision, SRO 190(I)/2002, dated 2nd April, 2002 has been amended to exclude all kinds of petroleum products whether imported or produced locally (except when there is a Government to Government contract done through oil marketing companies only) from the purview of zero-rating on export to Afghanistan and through Afghanistan to Central Asian Republics.