Federal Government is pleased to exempt from payment of whole of sales tax on the import and supply of raw material for the basic manufacture of pharmaceutical active ingredients and for manufacture of pharmaceutical products, falling in respective beading of the first Schedule to the Customs Act, 1969 (IV of 1969), provided that in case of import, only such raw materials shall be entitled to exemption which are liable to customs duty not exceeding ten percent ad valorem under the Fifth Schedule
SRO 84(I)/2015 is a Sales Tax SRO dated 28 January 2015, listed by FBR as "Federal Government is pleased to exempt from payment of whole of sales tax on the import and supply of raw material for the basic manufacture of pharmaceutical active ingredients and for manufacture of pharmaceutical products, falling in respective beading of the first Schedule to the Customs Act, 1969 (IV of 1969), provided that in case of import, only such raw materials shall be entitled to exemption which are liable to customs duty not exceeding ten percent ad valorem under the Fifth Schedule".
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
MINISTRY OF FINANCE, ECONOMIC AFFAIRS
STATISTICS & REVENUE
REVENUE DIVISION
Islamabad, the 28th January, 2015.
NOTIFICATION
(SALES TAX)
S.R.O. 84 (I)/2015.- In exercise of the powers conferred by clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, read with section 55 thereof, the Federal Government is pleased to exempt from payment of whole of sales tax on the import and supply of raw material for the basic manufacture of pharmaceutical active ingredients and for manufacture of pharmaceutical products, falling in respective heading of the First Schedule to the Customs Act,1969 (IV of 1969), provided that in case of import, only such raw materials shall be entitled to exemption which are liable to customs duty not exceeding ten per cent ad valorem under the Fifth Schedule to the Customs Act, 1969 (IV of 1969).
- This notification shall be deemed to have taken effect from the 26th June, 2014.
[C. No. 3(17)ST-L&P/2010]
(Muhammad Ashraf Khan)
Additional Secretary
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- SRO 503(I)/201312 June 2013To delete clause (4) of S. No. 1 which was inserted under the fiscal relief package for Khyber Pakhtunkhwa, FATA & PATA.
- SRO 502(I)201312 June 2013To delete items from SRO 549(I)/2008, dated 11.06.2008 as these items are now exempt under SRO 501(I)/2013, dated 12.06.2013.
- SRO 501(I)/201312 June 2013To exempt goods that were earlier zero-rated under SRO 549(I)/2008, dated 11.06.2008.