GOVERNMENT OF PAKISTAN

MINISTRY OF FINANCE, ECONOMIC AFFAIRS,

STATISTICS AND REVENUE,

(REVENUE DIVISION)

CENTRAL BOARD OF REVENUE

Islamabad, the 15^th September, 2003.

NOTIFICATION

 

 

                        S.R.O. 908(I)/2003.- 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 the following further amendment shall be made in the Second Schedule to the said Ordinance, namely:-

 

                        In the aforesaid Schedule, in Part II, for clause (13) the following shall be substituted, namely:-

“(13)      In respect of any edible oils and condemned ship imported for the purpose of breaking, the tax under section 148 shall be collected at the rate of three percent of the value of such edible oils or ships as increased by customs duty and sales tax, if any, levied thereon.”.

 

 [C.No.4(19)TP-I/91-Pt-III]

                                                                           

(Vakil Ahmad Khan)

Member(Direct Taxes)/Additional Secretary