Two notifications were issued to implement the decision of the Economic Coordination Committee (ECC) of the Cabinet, stating that the imported bulletproof cars will be used for the security of visiting dignitaries. A sales tax and federal excise notification (SRO898 of 2016) exempted the sales tax and excise duty on the import of these cars.
According to the notification, the vehicles will only be used for the stated purpose and will be parked in the central pool of cars in the cabinet division.
The ministry will also submit an understating that the vehicles will not be re-exported or otherwise disposed of without the FBR’s prior approval.
To exempt income tax at the import stage, a separate notification (SRO899 of 2016) was issued to amend the second schedule of the Income Tax Ordinance 2001.
Apr 30, 2017 0
Special coverage on China's Two Party Sessions by The Daily Mail - People's Daily