FBR Notifies Import Quota of Raw Materials for Ex-FATA Industrial Units

FBR Notifies Import Quota of Raw Materials for Ex-FATA Industrial Units in 2022

The Federal Board of Revenue (FBR) has released unit-by-unit details of the raw material import quotas allocated to 64 industrial units of the former FATA/PATA based on their actual installed capacity.

On Saturday, the tax regulator issued Sales Tax General Order 14 of 2022 in this regard.

Steel, ghee and cooking oil, plastics, textile, pharmaceutical, food industries, and batteries are among the units located in the former tribal areas. The FBR has decided to investigate the abuse of the sales tax exemption granted to former FATA/PATA industrial units.

According to the FBR, imports of plant and machinery, as well as inputs, by industrial undertakings located in former FATA/PATA are exempt under S. No. 151 of Table-1 of the Sixth Schedule to the Sales Tax Act, 1990, until June 30, 2023. Many significant amendments to the Sales Tax Act, 1990, including sections 40D and S. No. 74 of Table-1 of the Eighth Schedule to the Sales Tax Act, 1990, has been introduced to prevent misuse of said exemption. FBR is also taking various administrative measures, such as escorting containers from Azakhail Dry port to the location of the concerned unit.

To increase transparency and prevent revenue leakage, it has been decided that industrial units located in former FATA/PATA areas will be assigned import quotas of raw materials based on installed capacity as determined by the Directorate General IOCO-IR in consultation with the RTO, Peshawar. The annual import quota, as specified in Annex-A, shall be divided into 12 equal parts monthly and duly recorded in the WeBOC against each manufacturer/industrial unit. Following each update, the remaining available quota for the current year must be clearly stated.

To increase transparency and prevent revenue leakage, it has been decided that industrial units located in former FATA/PATA areas will be assigned import quotas of raw materials based on installed capacity as determined by the Directorate General IOCO-IR in consultation with the RTO, Peshawar.

The annual import quota, as specified in Annex-A, shall be divided into 12 equal parts monthly and duly recorded in the WeBOC against each manufacturer/industrial unit. The available balance quota for the remaining year shall also be clearly mentioned after each update, according to FBR. Parts monthly and duly recorded in the WeBOC against each manufacturer/industrial unit. The remaining available quota for the current year must be clearly stated following each update.

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