• Contact Us
  • Site Map
  • Advertise With Us
Pak Customs Business Web Portal
  • Pakistan Budget 2018-2019
  • Electronic Manifest Filling
  • Import of Vehicles
  • Import/Export by Country
  • Online NTN Verification
  • Import/Export Commodity
  • Pakistan Budget
  • Naya Pakistan Housing Program
  • Blog
No Result
View All Result
  • Pakistan Budget 2018-2019
  • Electronic Manifest Filling
  • Import of Vehicles
  • Import/Export by Country
  • Online NTN Verification
  • Import/Export Commodity
  • Pakistan Budget
  • Naya Pakistan Housing Program
  • Blog
No Result
View All Result
Pak Customs Business Web Portal
No Result
View All Result

FBR CLARIFICATION REGARDING ISSUANCE OF SROs

admin by admin
June 13, 2014
in Press Release
0

June 05, 2014

Certain quarters have raised doubts about the authority of the Federal Government regarding the issuance of notifications SRO 420(I)/2014, 421(I)/2014 and 422(I)/2014, all dated 04.06.2014 without approval of the Parliament.

It is clarified that the Federal Government has delegated powers to issue and withdraw notifications under the relevant provisions of the Sales Tax Act, 1990 and the Federal Excise Act, 2005. The notifications in question could have been issued at any time during the financial year.

In its Order dated 21.03.2014 in CMA No. 3821/2013 in Constitutional Petitions No. 33 & 34/2005, the Honorable Supreme Court had rightly held that there can be no taxation without approval or Parliament. As such, the Provisional Collection of Taxes Act, 1931 had been struck down as unconstitutional. Accordingly, the provisions of the Act were not pressed into service to alter the rate of duties and taxes at the time of presenting Finance Bill 2014-15 before the Parliament.

The present notifications do not impose any new taxation: SR0 420(I)/2014 dated 04.06.2014 only seeks to withdraw the concessionary rate of sales tax available to finished imported textile and leather goods (other than used and worn clothing). By this notification, the standard rate of sales tax (17%) has been made applicable.

Similarly, in case of SRO 421(I)/2014 dated 04.06.2014, the rate of sales tax applicable to steel melters, re-rollers and ship-breakers, etc. has been rationalized. The tax has not been imposed in excess of the standard rate of sales tax specified in section 3(1) of the Sales Tax Act, 1990.

The existing rates for steel sector and the imported textile and leather goods were also notified through SROs and amendments thereto were also required to be made through SROs and therefore, there is no irregularity or transgression of powers by the Federal Government in issuance of the above –mentioned notifications.

SRO 422(I)/2014 dated 4th June,2014 has been issued by the Federal Government in exercise of power conferred upon it by clause (b) of sub-section (3) of section 3 of the Federal Excise Act,2005 and it has modified the federal excise duty rates for cigarettes.

The exercise of powers by the Federal Government to make the above adjustments is an entirely valid exercise of the powers conferred by the Legislature.

Shahid Hussain Asad
Member (Policy-IR) / Official Spokesperson, FBR

Tags: FBR CLARIFICATION REGARDING ISSUANCE OF SROsFederal Excise Actfederal excise duty ratesFinance Bill 2014-15finished imported textile and leather goodsimported textile and leather goodsProvisional Collection of Taxes ActSales Tax Actship breakers
Previous Post

FBR CORRECTION / CLARIFICATION

Next Post

Flight Schedules for Karachi, Lahore & Islamabad Airports

Next Post

Flight Schedules for Karachi, Lahore & Islamabad Airports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Quick Links

  • → Income Tax Forms

  • → Customs Tariff

  • → Customs Tariff Search

  • → E-Filing System

  • → Pakistan Budget 2015-2016

  • → Pakistan Budget 2014-2015

  • → Pakistan Budget 2013-2014

  • → Pakistan Budget 2012-2013

  • → Online NTN Verification

  • → Apply for NTN

  • → Vehicle Tax Verification

  • → Withholding Tax

  • → Rebate Claim Search

  • → Import General Manifest

  • → Import of Vehicles

  • → Import/Export by Country

  • → Import/Export Commodity

  • → Pakistan Customs Valuation Gateway

  • → Consignor View IGM

  • → Export General Manifest

  • → Electronic Manifest Filling

  • → Export Automated System

  • → Karachi Port Arrivals

  • → Cargo Handling

  • → Karachi Airport Flight Schedules

  • → Lahore Airport Flight Schedules

  • → Islamabad Airport Flight Schedules

  • → Track & Trace

  • → Shipment Tracking

  • → Air Cargo Tracking

  • → Container Tracking

  • → Bill of Lading Tracking

  • → Post/EMS Tracking

  • → Other Tracking Pages

  • → Federal Excise Duty

  • → Important Downloads

  • → Sales Tax Guide

  • → Export Policy Order

  • → Import Policy Order

  • → Trade Statistics and Analysis

  • → World Clock Time

  • → Mobile Phone Applications

  • → Rupee Exchange Rate

  • → Currency Converter

  • → Advertise with us

  • → Contact Us

Facebook Page

Visitors


counters
  • Contact Us
  • Site Map
  • Advertise With Us

© 2018 Copy Rights Reserved 2018 PakCustoms -

No Result
View All Result
  • Pakistan Budget 2018-2019
  • Electronic Manifest Filling
  • Import of Vehicles
  • Import/Export by Country
  • Online NTN Verification
  • Import/Export Commodity
  • Pakistan Budget
  • Naya Pakistan Housing Program
  • Blog

© 2018 Copy Rights Reserved 2018 PakCustoms -