Deduction / Payment of Tax Chapter- 23
Ordinance), i.e
C&F Value of
Mobile Phone
(in USD ($) ) Tax (in Rs)- Up to 30 Rs. 0
2.Exceeding 30
& up to 100 Rs. 0
3.Exceeding 100 &
up to 200 Rs. 0
4.Exceeding 200 &
up to 350 Rs.0
5.Exceeding 350 &
up to 500 Rs. 3 ,000
Exceeding 500
Rs. 5,2 00
Important Notes:
a) "Large import house" means who fulfill all the conditions
i) have paid up capital of exceeding Rs. 250 (M)
ii) have imports exceeding Rs. 500 million during the Tax year
iii) own total assets exceeding Rs. 350(M).
iv) is single object company;
v) maintain computerized records of import and sale of goods
vi) maintains a system for issuance of 100% cash receipts on sales.
vii) present accounts for tax audit every year.
viii) is registered under the Sales Tax Act, 1990.
ix) makes sales of industrial raw material of manufacturer registered under the Sales Tax Act, 1990."Value of goods
(a) in case of goods chargeable to tax at retail price under the Third Schedule of the Sales Tax Act, 1990, the retail price of such goods increased by
sales tax payable in respect of the import and taxable supply of the goods; and.
(b) in case of all other goods; the value of the goods as determined under the Custom Act, 1969, as if the goods were subject to ad valorem duty
increased by the custom-duty, federal excise duty and sales tax, if any, payable in respect of the import of the goods.b) "Edible oil" includes crude oil, imported as raw material for manufacture of ghee or cooking oil.
c) The Board may specify any goods or class of goods or person or class of persons importing such goods on which tax shall not be collected at import
stage.[148(2)]d) The Finance Act, 2015 withdrew" [by omitting section 148(2)] the FBR's power to specify any goods or class of goods or person or class of persons importing
such goods on which tax shall not be collected at import stage.