Exemption of taxes from import of refined white sugar - Income Tax
SRO 750(I)/2020 is an Income Tax SRO dated 20 August 2020, listed by FBR as "Exemption of taxes from import of refined white sugar - Income Tax".
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
Revenue Division
Federal Board of Revenue
Islamabad, the 20th August, 2020.
NOTIFICATION
(Income Tax)
S. R. O. 750(I) /2020.- In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government is pleased to direct that the following further amendments shall be made in the Second Schedule to the said Ordinance, namely:-
In the aforesaid Schedule, in Part IV, after clause (12F), the following new clause shall be added, namely:-
"(12G) The provisions of section 148 shall, in pursuance of the Cabinet Decision in case No. 541/30/2020 dated the 4th August, 2020, not apply on import by the Trading Corporation of Pakistan of 300,000 metric tons of white sugar having PCT heading 1701.9910,1701.9920, specification B.".
[F.No.1(77)R&S/2020]
(Ch. Muhammad Tarique)
Additional Secretary
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