Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Tax exemption of Rs10m on import of 10 vehicles opposed

byM Hayat
26/03/2021
in Breaking News, Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: The Law Division has opposed tax exemption worth Rs10 million for import of 10 vehicles by the Ministry of National Food Security and Research.

Officials said that the issue was taken up in a recent meeting of the Economic Coordination Committee (ECC) of the cabinet.

You might also like

ICCI President warns of economic slowdown due to restrictive policies

16/04/2026

KP govt database allegedly leaked on dark web

16/04/2026

During discussion, the Ministry of National Food Security and Research secretary highlighted that exemption from federal excise duty (FED) was being solicited in terms of Section 13(2)(a) of the Sales Tax Act 1990 and Section 16(2) of the Federal Excise Act 2005.

A representative of the Law and Justice Division stated that tax exemption could only be allowed according to the required procedure under the relevant law. However, the instant case was prima facie and was not covered by the relevant provisions.

The ECC chairman noted that in view of the difference of opinion on the interpretation of law, necessary advice of the Law and Justice Division was required.

The Ministry of National Food Security and Research pointed out that a national emergency, to combat locust threat, was declared by the federal government through a cabinet decision on February 11, 2020.

The food security ministry approached the UN Food and Agriculture Organisation (FAO) for the issuance of End User Certificates for import of 10 soft skin 79 Series pickup 4.2 L-3, which would be used by the ministry for desert locust control operations.

Tags: Tax exemptionvehicles

Related Stories

ICCI President warns of economic slowdown due to restrictive policies

byCT Report
16/04/2026

ISLAMABAD: President Islamabad Chamber of Commerce and Industry, Sardar Tahir Mehmood has expressed grave concern over the escalating challenges faced...

KP govt database allegedly leaked on dark web

byCT Report
16/04/2026

PESHAWAR: A database allegedly linked to a Khyber Pakhtunkhwa government website has been shared on the dark web, raising concerns...

CCP authorizes acquisition of Pakistani aircraft maintenance firm by UAE-based FZE

byCT Report
16/04/2026

ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorized the acquisition of a shareholding in M/s. Northern Technik (Private) Limited...

PRA collects over Rs250 billion in nine months of FY-2026

byCT Report
16/04/2026

LAHORE: The Punjab Revenue Authority has released data for tax collection during the first three quarters of the current fiscal...

Next Post

MTBA to take up issues of taxpayers with FBR

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.