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Tag: SRO 1125

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FBR advises Inland Revenue to facilitate exporters avail utilities at reduced rates

  By Mashhud Aslam 29-Nov-2019 29-Nov-2019 IRS

KARACHI: The Federal Board of Revenue (FBR) has advised all chief commissioners of Inland Revenue to facilitate the exporters by issuing necessary confirmation to the… Read more

Tagged   SRO 1125, tariff
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APTMA demands restoration of SRO 1125(I)/2011

  By Kazim Raza Rizvi 14-Nov-2019 14-Nov-2019 Customs, IRS

KARACHI: Disappointed with the government’s promise of issuing sales tax refunds within 72 hours, the All Pakistan Textile Mills Association (APTMA) has demanded to restore… Read more

Tagged   sales tax refunds, SRO 1125, textile

SHC allows provisional release of textile fabric

  By ashfaq ur rehman 17-Oct-2019 17-Oct-2019 Customs

KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Irfan Saadat Khan and Justice Fahim Ahmed Siddiqui on Thursday allowed provisional release… Read more

Tagged   benefit, commercial importer, Franklin Law Associates, High Court of Sindh, importers, manufacturer, Murtaza Textiles, petition, SRO 1125, STRN, Textile Fabric
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KCCI urges government to restore zero-rated regime for export oriented industries

  By Press Release 04-Jul-2019 04-Jul-2019 Business & Finance

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda has expressed deep concerns over the problems being faced by the industries across… Read more

Tagged   export, KCCI, sales tax, SRO 1125
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Textile sectors announce protests across the country

  By Kazim Raza Rizvi 14-Jun-2019 14-Jun-2019 Business & Finance, Top Stories

KARACHI: It seems the business community is losing faith in the government’s ability even to understand the country’s trade and economic system, as the value… Read more

Tagged   protest, sales tax zero-rating, SRO 1125, value-added textile sector
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Rescinding SRO 1125 not to impact genuine exporters/manufacturers

  By Mashhud Aslam 10-Jun-2019 10-Jun-2019 Customs, Top Stories

KARACHI: There has been much hue and cry opposing the government’s plan to withdraw concessionary SRO 1125(1)/2011, wherein various export sector trade bodies are unanimously… Read more

Tagged   SRO 1125
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SHC reply from IRS, custom officials in petitions challenging blocking of bank accounts

  By ashfaq ur rehman 17-Apr-2019 17-Apr-2019 Customs

KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Wednesday asked IRS, Pakistan… Read more

Tagged   blocking bank accounts, business activities, fabric, Franklin Law Associates, High Court of Sindh, IRS, Pakistan customs, petition, SRO 1125

FBR amends SRO 1125, revised sales tax rates

  By Mashhud Aslam 24-Oct-2017 25-Oct-2017 Top Stories

KARACHI: Federal Board of Revenue (FBR) has amended SRO 1125(I)/2011 and notified six percent sales tax and two percent value addition tax on import of… Read more

Tagged   FBR amends, general public, importer, sales tax rates, SRO 1125, textile

Custom Court rejects Faraz Memon’s bail plea

  By Kazim Raza Rizvi 08-Apr-2016 08-Apr-2016 Customs, Top Stories

KARACHI: The Federal Special Court of Customs Taxation and Anti-Smuggling has rejected the bail application of a prime suspect of multi-million bogus refund scam Faraz Haroon… Read more

Tagged   anti-smuggling, bail plea, bogus sales tax, Custom Court, DG I&I, DG IRS, fake refunds, Faraz Haroon Memon, KDA Housing Scheme, M/s Azhaan Ali, rejects, SRO 1125

IHC denies concessions under SRO 1125

  By Mashhud Aslam 10-Mar-2016 10-Mar-2016 Top Stories

KARACHI: The Islamabad High Court has dismissed two petitions filed by the importers of polyurethane prepolymer and declined their claim of concessions under SRO 1125/2011…. Read more

Tagged   footwear, sales tax, SRO 1125
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