OMCs are not required to pay value addition tax @ import stage on POL products whose price are regulated by Government
SRO 135(I)/2012 is a Sales Tax SRO dated 10 February 2012, listed by FBR as "OMCs are not required to pay value addition tax @ import stage on POL products whose price are regulated by Government".
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, Economic Affairs,
Statistics and Revenue
(Revenue Division)
Islamabad, the 10th February, 2012
NOTIFICATION
(SALES TAX)
S.R.O. 135 (I)/2012.- In exercise of the powers conferred by sub-section (1) of section 71 of the Sales Tax Act, 1990, read with clauses (9) and (46) of section 2, sections 3 and 4, sub-section (2) of section 6, sub-sections (3) and (4) of section 7, section 7A, clause (b) of sub-section (1) of section 8, clause (a) of sub-section (2) of section 13, sub-sections (2A) and (3) of section 22, proviso to sub-section (1), sub-sections (3) and (4) of sections 23 and 60 thereof, the Federal Government is pleased to direct that the following further amendment shall be made and shall be deemed to have been so made on 11th June, 2008, in the Sales Tax Special Procedures Rules, 2007, namely: -
In the aforesaid Rules, in rule 58-B, for the proviso, the following shall be substituted, namely:-
"Provided that the value addition tax shall not be charged on,-
(i) the goods as are imported by a manufacturer for in-house consumption; and
(ii) the POL products, imported by an Oil Marketing Company for sale in the country, whose prices are regulated under a special pricing arrangement by the Government of Pakistan or by a regulatory authority working under the Government of Pakistan.".
[C.No. 3(12)ST-L&P/2004]
(Shahid Hussain Asad)
Additional Secretary
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