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

IMF approves $1.2bn loan tranche for Pakistan

08/05/2026

ICCI hails Court verdict against ‘deemed Income’ tax on properties

08/05/2026

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

IMF approves $1.2bn loan tranche for Pakistan

byCT Report
08/05/2026

ISLAMABAD: The International Monetary Fund has approved a $1.2 billion loan tranche for Pakistan, providing a significant boost to the...

ICCI hails Court verdict against ‘deemed Income’ tax on properties

byCT Report
08/05/2026

ISLAMABAD: President  Islamabad Chamber of Commerce and Industry Sardar Tahir Mehmood has welcomed the landmark decision declaring Section 7-E of...

Pakistan likely to receive $1.2b IMF tranche as board meets today

byCT Report
08/05/2026

ISLAMABAD: Pakistan is expected to receive a $1.2 billion tranche from the International Monetary Fund (IMF) soon, as the Fund’s...

Pakistan rejects LNG spot bids hoping for cheaper Qatari supplies

byCT Report
08/05/2026

LAHORE: Pakistan has decided not to approve the lowest bids submitted for two spot LNG cargoes despite receiving competitive offers...

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.