Equipment, vehicles for Thar field exempted from taxes/duties

KARACHI: The Ministry of Finance, Revenue and Economic Affairs has exempted coal mining machinery, equipment, spares including vehicles for site imported for Thar coal field from customs duty and sales tax.
According to SRO 222(I)/2013 this concession shall be available to those mining companies or their authorized operators or contractors who hold permits, licenses, leases and who enter into agreements with the Government of Pakistan or a provincial government.
However, the goods shall not be sold or otherwise disposed of without prior approval of the Federal Board of Revenue and the payment of customs duties and taxes leviable at the time of import.
These goods shall however be allowed to be transferred to other entitled mining companies with prior approval of the Board.

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