FBR grants exemptions to China State Construction Engineering Corporation

KARACHI: The Federal Board of Revenue (FBR) has exempted from whole of the sales tax and federal excise duty on the imported construction materials and goods imported by M/s China State Construction Engineering Corporation Limited, whether or not locally manufactured, for construction of Karachi-Peshawar Motorway (Sukkur-Multan Section).

The exemption is notified vide SRO 47(I)2018, which is issued with the approval of the Federal Minister-in-charge and pursuant to the approval of the Economic Coordination Committee of the Cabinet, provided that total incidence of exemptions of all duties and taxes in respect of construction materials and goods imported for the project shall not exceed ten thousand eight hundred ninety-eight million rupees.

Print Friendly, PDF & Email
Bookmark the permalink.

Comments are closed.