KARACHI: The Federal Board of Revenue has advised Pakistan Customs to implement sales tax and federal excise budgetary measures pertaining to the items listed in Third Schedule of the Sales Tax, 1990.
It may specifically be noted that items listed in the Third Schedule to the Sales Tax Act, 1990 shall also be assessed w.e.f. 01 July, 2019 at the retail price at the import stage.
Accordingly, FBR advised Customs that all items in the Third Schedule be assessed for sales tax on the basis of declared retail price and not on the basis of customs value.
Federal Board of Revenue (FBR) has allowed clearance of imported Third Schedule items (consumer goods) without printing of retail price or affixing stickers for which goods declaration are filed by 31st July, 2019.
However, such clearance of imported goods is subject to the condition that the importer declares retail price for each of the imported items in terms of section 2(27) of the Sales Tax Act, 1990, and
that the goods are assessed for sales tax on such declared retail price.
Following is the list of items listed in the Third Schedule :
