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Home Karachi

Sindh to ask Centre for restoration of excise duty on oil production

byCT Report
23/11/2016
in Karachi, Latest News
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KARACHI: Non-statutory member of the National Finance Commission (NFC) from Sindh, Saleem Mandviwalla, has said that the provincial government will ask the federal government to restore excise duty on crude oil production.

The Centre had revoked excise duty on crude oil production following the 18th amendment into the constitution.

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The Sindh government has also decided to urged the federal government to relegate the rights of sales tax on goods collection to the province.

“After the 18th amendment, it (the duty) is a provincial subject and its collection should be handed over to the provinces,” Mandviwalla said in a statement. Currently, the federal government is already collecting excise duty on the gas well head price.

Senator Mandviwalla said the province will also demand the rights of collection of sales tax on goods from the federal government. “Royalty on oil and gas should also be handed over to the provinces.”

He also criticised the government on stopping the new NFC award. “The federal government has been delaying it for the last four years. It should call the meeting without any further delay,” he said.

Mandviwalla said the federal government announced to call the NFC meeting in the last week of November, but the provincial government has not yet received its invitation. “We are waiting for the meeting and have prepared our all demands.”

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