Rationalisation of Price of Petroleum prices
SRO 729(I)2018 is a Sales Tax SRO dated 11 June 2018, listed by FBR as "Rationalisation of Price of Petroleum prices".
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 11th June, 2018.
NOTIFICATION
(SALES TAX)
S.R.O. 729(I)/2018. - In exercise of the powers conferred by clause (b) of sub-section (2) and sub-section (6) of section 3 of the Sales Tax Act, 1990, the Board with the approval of Federal Minister-in-charge, is pleased to direct that the following further amendment shall be made from the 12th June, 2018, in its Notification No. S.R.O. 57(I)/2016, dated the 29th January, 2016, namely:-
In the aforesaid Notification, for the existing Table, the following shall be substituted, namely:-
"TABLE
| S. No. | Description | PCT heading | Rate |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1. | Motor spirit excluding HOBC | 2710.1210 | 12.0% ad valorem |
| 2. | High speed diesel oil | 2710.1931 | 24.0% ad valorem |
| 3. | Kerosene | 2710.1911 | 12.0% ad valorem |
| 4. | Light diesel oil | 2710.1921 | 9.0% ad valorem.". |
[C. NO. 1/42-STB/2012)]
(Muhammad Zaheer Qureshi)
Secretary (ST&FE-Budget)
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