Tax Book 2023

Levy, Collection and Payment of Duty Chapter- 02

Sr. No. Section Topic covered

For CA MOD F Students

1 3 Duties specified in the First Schedule to be levied

2 4 Filing of return and payment of duty etc.

3 5 Zero rate of duty and drawback of duty etc.

4 6 Adjustment of duties of excise

5 7 Application of the provisions of the Sales Tax Act, 1990

6 8 Default surcharge

7

9 Liability for payment of duty in the case of private companies or business enterprises

or in sale of business ownership

8 10 Applicable value and rate of duty

9 11 Collection of excess duty etc.

10 12 Determination of value for the purposes of duty

11 13 Registration

12 14 Recovery of unpaid duty or of erroneously refunded duty or arrears of duty, etc.

13 14A Short paid amounts recoverable

14 14B Assessment giving effect to an order

15 14C^ Power of tax authorities to modify orders, etc.

16 15 Application of the Customs Act, 1969 to Federal excise duties

17 16 Exemptions

18 17 Records

19 18 Invoices

(For CA MOD F students)

1. Duties specified in the First Schedule to be levied (U/S 3)

(1) Subject to the provisions of this Act and rules made there under, there shall be levied and

collected in such manner as may be prescribed duties of excise on;

(a) goods produced or manufactured in Pakistan;

(b) goods imported into Pakistan irrespective of their final destination in territories of

Pakistan;

(c) such goods as the Federal Government may, by notification in the official Gazette,

specify, as are produced or manufactured in the non-tariff areas and are brought to the

tariff areas for sale or consumption therein; and

d) services provided in Pakistan including the services originated outside but rendered in

Pakistan;

LEVY, COLLECTION AND

PAYMENT OF DUTY

2

Chapter