Exemption from taxes on import of Oxygen Gas, Oxygen Cylinders and Cryogenic tanks
SRO 772(I)/2020 is an Income Tax SRO dated 24 August 2020, listed by FBR as "Exemption from taxes on import of Oxygen Gas, Oxygen Cylinders and Cryogenic tanks".
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 24th August, 2020.
NOTIFICATION
(Income Tax)
S. R. O. 772(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 (12G), the following new clause shall be added namely:-
"(12H) (a) The provisions of section 148 shall not apply on import of following goods for a period of three months starting from the 23rd of June, 2020, namely:-
| S.No. | Description | PCT Code |
|---|---|---|
| (1) | (2) | (3) |
| 1. | Oxygen gas | 2804.4000 |
| 2. | Cylinders (for oxygen gas) | 7311.0090 |
| 3. | Cryogenic tanks (for oxygen gas) | 7311.0030 |
; and
(b) the concessions given in this clause shall also apply in respect of the letters of credit opened or goods declaration forms filed on or after the 23rd June, 2020.".
[F. No. 3(23)/2020-S(CM)
(Ch. Muhammad Tarique)
Additional Secretary
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