Fixation of minimum value of imported and domestically produced sugar for sales tax
SRO 492(I)/2016 is a Sales Tax SRO dated 30 June 2016, listed by FBR as "Fixation of minimum value of imported and domestically produced sugar for sales 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 30th June, 2016.
NOTIFICATION
(SALES TAX)
S.R.O. 492(I)/2016.- In exercise of the powers conferred by the second proviso to clause (46) of section 2 of the Sales Tax Act, 1990, and in supersession of its notification No. S.R.O. 563(I)/2006 dated 5th June, 2006, the Federal Board of Revenue is pleased to fix the following values of white crystalline sugar falling under heading Nos. 1701.9910 and 1701.9920, of the First Schedule to the Customs Act, 1969 (IV of 1969), namely:-
| S. No. | Description | Value |
|---|---|---|
| (1) | (2) | (3) |
| 1. | Domestically produced white crystalline sugar | Rs. 56 per kg |
| 2. | Imported white crystalline sugar | US$ 725 per MT |
- This notification shall take effect on and from the 1st July, 2016.
[C.No.9(10)ST-LP&E/Misc./2016]
(Raza Ashfaq Sheikh)
Secretary IR-ST &FE
(Law, Procedure & Exemptions)
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