Value of locally produced goods
SRO 697(I)/2019Other
SRO 697(I)/2019 is a Sales Tax SRO dated 29 June 2019, listed by FBR as "Value of locally produced goods".
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
FEDERAL BOARD OF REVENUE
(REVENUE DIVISION)
*****
Islamabad, the 29th June, 2019.
NOTIFICATION
(SALES TAX)
S.R.O. 697(l)/2019 - In exercise of the powers conferred by the second proviso to
clause (46) of section 2 of the Sales Tax Act, 1990 (VII of 1990), the Federal Board of
Revenue is pleased to fix the following values of locally produced goods specified in the
Table below, for the purpose of payment of sales tax on ad valorem basis, at the rate as
applicable to specified in sub-section (1) of section 3 of the Act.
TABLE
Sr. No. Goods Value
m
1. Steel bars Rs. 83,000 per metric ton
2. Steel Billets Rs. 74,000 per metric ton
3. Steel Ingots/bala Rs. 72,000 per metric ton
4. Ship plates Rs. 72,000 per metric ton
5. Other re-rollable iron & steel scrap Rs. 47,000 per metric tons
2. In case the value of supply of the goods specified in this notification is higher than
the values fixed herein, the value of goods shall be the value at which the supply is made.
3. This Notification shall take effect on and from the 1st day of July, 2019.
rc. No. 1/2-STB/20191
(Ttiuqeer Ahmed)
Secretary (ST&FE-Budget)
Which later SROs refer to this one?
SROs whose FBR title names SRO 697(I)/2019, usually to amend or rescind it.
- SRO 993(I)/20194 September 2019Rescinding S.R.O 697(I)/2019 dated 29.06.2019
Related Sales Tax SROs on other
- SRO 352(I)20206 May 2020INPUT-OUTPUT Adjustment of P&E Companies
- SRO 317(I)/202016 April 2020Removal of brand specification in respect of certain goods being imported for the prevention and treatment of COVID-19.
- SRO 1087(I)/201919 September 2019Liability to pay Sales Tax in case of supply of Ginned Cotton
- SRO 700(I)/201930 June 2019Petroleum S.R.O
- SRO 690(I)/201929 June 2019Value of supply to CNG consumers
- SRO 729(I)201811 June 2018Rationalisation of Price of Petroleum prices