ISLAMABAD: Federal Minister for Finance, Revenue and Economic Affairs Asad Umar has said that LED and SMD lights have been listed as locally manufactured items through Customs General Order, therefore, benefit of exemption from sales tax on imported lights and SMD lights is no more available.
In a written reply to question from Senator Tanvir Khan, the minister stated that exemption from sales tax is available on LED and SMD lights under S. No. 15 of Table-3 of the Sixth Schedule of the Sales Tax Act,1990.
However, exemption on imported LED and SMD lights are subject to the condition that these items are not listed locally manufactured items notified through a Customs General Order. He said tax on import of SMD and LED and their part, varies with respect to filers and non filer, industrial undertaking, companies and other persons as is given in part II of the First Schedule to the Income tax Ordinance, 2001.
He further stated that under S. No. 15-A of Table-3 of Sixth Schedule of the Sales Tax Act, 1990, exemption from sales tax is available to the parts and components for manufacturing LED lights including aluminum housing / shell for LED, metal clad printed circuit boards (MCPCB) for LED, constant current power supply for of LED Lights (1-300w) and lenses for LED lights.
