Direct that Tax Short-Paid During aesaid Period Not Be Required to Be Paid By Ae Said Registered Per

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS & REVENUE REVENUE DIVISION ***** Islamabad, the 8th November, 2000 NOTIFICATION (SALES TAX) S.R.O. 824 (I)/2000.¾ WHEREAS the Federal Government is satisfied that, inadvertently and as a general practice, sales tax was short-charged and paid at the rate of 18% instead of 23% on supplies of Urea Formaldehyde Resin (PCT Heading No.3909.1000), Melamine Urea Formaldehyde Resin (PCT Heading No.3909.1000), Urea Formaldehyde Moulding Compound (PCT Heading No.3909.1010), Melamine Formaldehyde Moulding Compound (PCT Heading No.3909.2000) and Polystyrene Resin (PCT Heading No.3903.1000) made by the registered persons, M/s Dyno Pakistan Limited, M/s Rapid Ltd. and M/s Pakistan Styrene (Pvt) Ltd, located at Hub, Lasbella, during the period from the 1st July,1996 to the 27th March, 1997; AND WHEREAS the said registered persons did not recover any tax in excess of 18% ad valorem till the 27th March, 1997, and have started paying the tax on the prevailing applicable rate on the said supplies with effect from the 28th March, 1997; NOW, THEREFORE, in pursuance of section 65 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that the tax short-paid during the aforesaid period shall not be required to be paid by the aforesaid registered persons. ______________________________________________________________________________________________ [C.No. 1/92-STT/98] ( SARFRAZ AHMAD KHAN ) Additional Secretary