Deduction / Payment of Tax Chapter- 23
e) Notwithstanding omission of section 148(2), the notifications issued under that sub-section and for the time being in force, shall continue to remain in force,
unless specifically rescinded through a notification issued for this purpose.f) The manufacturer of cooking oil or vegetable ghee, packaging material and paper and paper board shall be chargeable to tax @ 3.5% on purchase of locally
produced edible oil. Tax so charged shall be minimum tax in respect of income accruing from locally produced edible oil.NON APPLICABILITY OF PROVISIONS REGARDING TAX AT SOURCE U/S 148 U/C 56 and 60 OF PART IV OF SECOND SCHEDULE TO THE ITO, 2001:
- U/C 12B Non application of provisions of section 148 on import of specified goods.
- U/C 12BA The provisions of section 148 shall not apply on import of thirty million adult 3xPly Knit face masks received as humanitarian
assistance from M/s HANES Brands Inc. North Carolina, USA for distribution within the population of Lahore Division, Government of the
Punjab. - U/C 12C Non application of provisions of section 148 on import of pulses.
- U/C 12F Non application of provisions of section 148 on import wheat.
- U/C 16 Non application of minimum tax and other provisions on institutions of the Agha Khan Development Network (Pakistan).
- U/C 56(i) Goods classified under PCT falling under chapters 86 and 99 except PCT Heading 9918.
(ia) Petroleum oils and oils obtained / import made by various petroleum products distribution companies (including oil refineries).
(ii) Goods imported by direct and indirect exporters covered under SRO 450(I)/2001 dated June 18, 2001.
(iii) Goods temporarily imported into Pakistan for subsequent exportation and which are exempt from custom duty and sales tax under SRO
1065(I)/2005 dated October 20, 2005.
(iv) Manufacturing Bond as prescribed under SRO 450(I)/2001 dated June 18, 2 001.
(v) mineral oil imported by a manufacturer or formulator of pesticides which is exempt from customs duties under customs SRO 857/(I)/2008 dated
August 16, 2008.
(vi) the Federal Government;
(vii) a Provincial Government;
(vii) a Local Government;
(ix) a foreign company and its associations whose majority share capital is held by a foreign government;
(x) a person who imports plant and machinery for execution of a contract with the Federal Government or a provincial government or a local government
and produces a certificate from that government;
(xi) companies importing high speed diesel oil, light diesel oil, high octane blending component or kerosene oil, crude oil for refining and chemical used
in refining thereof in respect of such imports; and
(xii) Petroleum (E&P) companies covered under the Customs and Sales Tax Notification No. S.R.O.678 (I)/2004, dated the 7th August, 2004, except
motor vehicles imported by such companies.^7.^ U/C 60^ Fully as well part designed / assembled cypher devices, for use within the country as are verified by Cabinet Division (NIBS)^ with reference to design,
quality and quantity.
8. U/C (60E) The provisions of section 148 shall not apply on mobile phones brought in personal baggage under Baggage Rules, 2006.
9. U/C 77 Provisions of section 148 shall not be applicable on import and subsequent supply of items with dedicated use of renewable sources of
energy like solar and wind etc., even if locally manufactured, which include induction lamps, SMD, LEDs with or without ballast with fittings and
fixtures, wind turbines including alternator and mast, solar torches, tubular day lighting devices such as sola tube, lanterns and related instruments,
PV modules with or without the related components including invertors, charge controllers and batteries.