GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS AND REVENUE,
(REVENUE DIVISION)
CENTRAL BOARD OF REVENUE

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Islamabad, the 12th June, 2004

NOTIFICATION

S.R.O. 441(I)/2004.- In exercise of the powers conferred by sub-section (2) of section 53 of  the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government is pleased to direct that in the Second Schedule to the said Ordinance, the following further amendment shall be made, which shall come into force at once, namely:-

In the aforesaid Schedule, in Part IV, after clause (31), the following new clause shall be inserted, namely:-

"(31A) The provisions of section 148 shall not apply to plant, machinery and equipment imported as are subject to 5% rate of customs duty under Chapter 84 of the First Schedule to the Customs Act, 1969 (IV of 1969), or are exempt from customs duty or subject to a lower rate of customs-duty under relevant Customs notifications.".

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[C.No.1(7)WHT/2001]

(Vakil Ahmad Khan)

Member(Direct Taxes)/Additional Secretary.