Exemption in raw materials for the basic manufacture of pharmaceutical active ingredients and for manufacture of pharmaceutical products from the whole of sales tax leviable thereon:
SRO 673(I)/2005Exemptions and concessions
SRO 673(I)/2005 is a Sales Tax SRO dated 2 July 2005, listed by FBR as "Exemption in raw materials for the basic manufacture of pharmaceutical active ingredients and for manufacture of pharmaceutical products from the whole of sales tax leviable thereon:".
The text below was extracted automatically from the official HTML page. Line breaks and table layout may differ from the original. Check the official file before relying on any wording or figure.
GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS AND REVENUE
(REVENUE DIVISION)
***
Islamabad, the 2nd July, 2005.
NOTIFICATION
(SALES TAX)
S.R.O. 673(I)/2005.- In exercise of the powers conferred under clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, and in supersession of its Notification No. S.R.O. 645(I)/2005, dated the 30th June, 2005, the Federal Government is pleased to exempt raw materials for the basic manufacture of pharmaceutical active ingredients and for manufacture of pharmaceutical products from the whole of sales tax leviable thereon:
Provided that where such raw materials are imported then only those raw materials shall be entitled to exemption under this Notification which are liable to customs-duty not exceeding ten percent ad valorem, either under the First Schedule to the Customs Act, 1969 (IV of 1969) or under a Notification issued under section 19 of the said Act.
2. This Notification shall take effect from the 6th June, 2005.
[C. No. 1/51-STT/96]
(Shahid Ahmad)
Additional Secretary
Related Sales Tax SROs on exemptions and concessions
- SRO 1035(I)/200513 October 2005Central Board of Revenue has exempted the sales tax levy on local supply of all goods meant for free distribution and procured out of the President’s Relief Fund for Earthquake Victims, 2005.
- SRO 992 (I)/200521 September 2005No registered person engaged in the export of goods specified below shall, either through zero-rating or otherwise, be entitled to deduct or reclaim input tax paid in respect of stocks of such goods a
- SRO 793(I)/200510 August 2005Federal Government is pleased to exempt the import and supply of CKD kits of single cylinder agriculture diesel engines
- SRO 645(I)/20051 July 2005Exemption in raw materials
- SRO 520(I)/20056 June 2005Exemption whole of the amount of additional tax and penalties payable by a person against whom an amount of sales tax is outstanding on account of any audit observation, audit report
- SRO 881(I)/200428 October 2004Exemption of Additional Tax & Penalty Chargeable from Mechanical Oil Expelling