Amendment in S.R.O 577(I)/2006 dated 05.06.2006
SRO 923(I)/2023 is a Customs SRO dated 17 July 2023, listed by FBR as "Amendment in S.R.O 577(I)/2006 dated 05.06.2006".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
Page 1
GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE AND REVENUE
(REVENUE DIVISION)
Islamabad, the 17th July, 2023.
NOTIFICATION
(CUSTOMS)
S.R.O.923(I)/2023.- 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, sub-section (2) of section 16 of the Federal Excise Act, 2005 and sections 53 and 148 of the Income Tax Ordinance, 2001 (XLIX of 2001), read with the Second Schedule thereof, sub-section (10) of section 7 of the Finance Act, 1989, the Federal Government is pleased to direct that the following further amendment shall be made in its Notification No. S.R.O. 577(I)/2006 dated the 5th day of June, 2006, namely:-
In the aforesaid Notification, in the schedule, after Category-III and corresponding entries relating thereto, the following new Category and corresponding entries relating thereto shall be added, namely:-
"Special Category.
| (i) | If sold or otherwise disposed of before the expiry of two years from the date of importation; and | 100% of duty and taxes shall be leviable at the prevailing rates of exchange and duties/taxes on value determined in foreign currency at the time of importation. |
| (ii) | If sold or otherwise disposed of after the expiry of two years from the date of importation. | No duty and taxes shall be leviable." |
[C. No. 5(7)/2010 G&SE (Vol-III)]
(Suraiya Ahmed Butt)
Additional Secretary
Which SROs does the title refer to?
- SRO 577(I)/20065 June 2006Exemption of duty and taxes on vehicles’ imported by diplomatic representatives / mission at the stage of the disposal
Related Customs SROs on amendments to earlier sros
- SRO 775(I)/202327 June 2023Amendment in SRO 966(I)2022 - dt 30-06-2022
- SRO 774(I)/202327 June 2023Amendment in SRO 645(I)2018 - dt 24-05-2018
- SRO 773(I)/202327 June 2023Amendment in SRO 1261(I)2007 - dt 31-12-2007
- SRO 772(I)/202327 June 2023Amendment in SRO 693(I)2006 - dt 01-07-2006
- SRO 771(I)/202327 June 2023Amendment in SRO 577(I)2005 - dt 06-06-2005
- SRO 343(I)/202313 March 2023Amendments in S.R.O 797(I)/2021 dated 21.06.2021