09 January 2005	Sunday	27 Ziqa'ad 1425

ISLAMABAD, Jan 8: The Central Board of Revenue (CBR) has enhanced the power of collectors of sales tax for determining the quantitative entitlement of imported inputs.

The decision was announced through a customs notification issued on Saturday by amending the SRO456 of 2004.

According to the notification, the quantitative entitlement of inputs to be imported under this notification shall be determined and allowed by the collector of sales tax on the basis of information as aforesaid, without any physical verification.

In case the collector was not satisfied with the declared input output ratios of the items to be manufactured because of their being prima facie, not in accordance with the prevalent average of the relevant industry, he may, after allowing the quantity demanded make a reference to the directorate of input output co-efficient organization for final determination thereof and the applicant shall consume imported inputs in accordance with the input output ratios so determined.