Federal Board of Revenue is pleased to direct that the following amendments shall be made in the Federal Excise Duty and Sales Tax on Production Capacity (Aerated Waters) Rules, 2013
SRO 140(I)/2014 is a Sales Tax SRO dated 28 February 2014, listed by FBR as "Federal Board of Revenue is pleased to direct that the following amendments shall be made in the Federal Excise Duty and Sales Tax on Production Capacity (Aerated Waters) Rules, 2013".
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.
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GOVERNMENT OF PAKISTAN
REVENUE DIVISION
FEDERAL BOARD OF REVENUE
Islamabad, the 28th February, 2014
NOTIFICATION
(FEDERAL EXCISE & SALES TAX)
S.R.O.140(I)/2014.- In exercise of the powers conferred by clause (a) of sub-section (3) of section 3 and section 40 of the Federal Excise Act, 2005 and proviso to sub-section (1A), sub-sections (1B) and (6) of section 3 and section 50 of the Sales Tax Act, 1990, the Federal Board of Revenue is pleased to direct that the following amendments shall be made in the Federal Excise Duty and Sales Tax on Production Capacity (Aerated Waters) Rules, 2013, namely:-
(1) in the preamble, after the expression "(3) of section 3", the expression ", sub-section (3) of section 6" shall be inserted;
(2) in rule 4, in sub-rule (1), for the proviso, the following shall be substituted, namely:-
"Provided that the rates per filling valve or spout payable by each category of factory manufacturing aerated waters specified in column (2) of the Table below shall be revised as specified in column (3) thereof, which shall be payable in installments as specified in the Schedule to rule 5, in such a manner that the first installment under the revised rates shall be due on the 15th March, 2014, namely:-
TABLE
| S. No. | Category of factory manufacturing aerated waters | Rate per filling valve or spout |
|---|---|---|
| (1) | (2) | (3) |
| (a) | Factories having only foreign origin filling machines or a mix of foreign and local origin filling machines, whether used for manufacturing foreign or local brands | Rupees 7,500,000 per filling value or spout |
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| S. No. | Category of factory manufacturing aerated waters | Rate per filling valve or spout |
|---|---|---|
| (b) | Factories exclusively having local origin filling machines, whether used for manufacturing foreign or local brands | Rupees 6,000,000 per filling valve or spout |
| (c) | Factories where the total number of filling valves or spouts installed are less than 40 | Rupees 2,000,000 per filling valve or spout."; and |
(3) in rule 6,
(a) in sub-rule (1), after the figure "2005", the expression ", provided that no adjustment or deduction shall be allowed in excess of seventy two percent of the gross amount payable for the month as determined under rule 4 read with rule 5. The excess unadjusted amount may be carried forward to the subsequent month, subject to the condition that no refund on account of unadjusted duty shall be admissible" shall be inserted;
(b) in sub-rule (1),
(i) after the colon, the following proviso shall be inserted, namely:-
"Provided that the total adjustment of duty and sale tax in a month shall not be allowed in excess of seventy two percent of the gross amount payable as determined under rule 4 read with rule 5. The excess unadjusted amount may be carried forward to the subsequent month, subject to the condition that no refund on account of unadjusted duty and taxes shall be admissible."; and
(ii) in the existing proviso, after the word "Provided", the word "further" shall be inserted; and
(c) in sub-rule (2), the existing Illustration shall be numbered as "Illustration 1", and after Illustration 1, numbered as aforesaid, the following new Illustration shall be added namely:-
"Illustration 2
| Gross amount per spout | Rs.7.5 million |
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| Number of spouts | 100 |
| Gross amount payable for installment due by 15th March 2014 (7.5 M X 5% X spouts) | Rs. 37.5 million |
| Input duty and tax | Rs. 30 million |
| Input allowed (72% of output) | Rs. 27 million |
| Net amount payable | Rs. 10.5 million |
| Input amount to be carried forward | Rs. 3 million". |
[C. No. 1(47)STB/2013(Pt)]
(Shaukat Hayat Cheema)
(Secretary-IR Sales Tax Law, Procedure & Exemptions)
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