Introduction
Federal Board of Revenue Revenue issued Notifications ref: SRO Ref: No 110(I)//2019. dated January 31, 2019.
Commentary
The aforementioned SRO has made following changes to SRO 1125(1)/2011 dated December 31, 2011:
- Deleted entry “h” for (imported cotton and ginned cotton) in table I, serial number 2 as the said effect has been incorporated in conditions as mentioned below.
- Substituted clause (a) of condition (ii) to include “in case of textile sector, for imports, raw and ginned cotton stages and onwards and for local supplies spinning stage onwards”. Hence extending the benefit of lower rates in terms of above mentioned SRO 1125 to onward stages for raw and ginned cotton imported and spinning stage and onwards for local supplies
Link of Document(s)
In order to make our respected clients completely informed, in addition to the latest SRO, the previous SROs are also uploaded here under
- Latest SRO
- SRO 1125, first issue
20111231121223122892010SRO1125
- SRO 1125, significant change