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ISLAMABAD, Nov 7: The Central Board of Revenue (CBR) has notified exemption of sales tax on import of oilseeds.
The exemption would be available to all consignments of oilseeds, meant for sowing, in respect of which bills of entry have been filed on or after July 1, 2003, according to a sales tax notification issued on Friday.
The exemption was attached with the conditions that it could be available only on those seeds, which will be imported for sowing purposes.
It would also be subject to the condition that Plant Protection Department of Ministry of Food, Agriculture and Livestock
certified that the imported seeds were fungicide and insecticide treated, the notification added.
DUTY DRAWBACK: Meanwhile, the CBR has allowed exporters to claim duty drawback on export of lubricant oil.
The facility would be available from November 6, 2003, said a customs export notification issued on Friday.
The rate of duty drawback would be 3.40 per cent of the fob value on export of motor lubricating oil 20W-50 for petrol automobiles and its raw materials — additives for lubricating oil and HDPE can with cap.
On export of motor lubricating oil 20W-50 for diesel automobiles and its raw materials — additives for lubricating oil and HDPE can with cap — the rate of duty drawback would be 2.235pc of the fob value. And the rate of duty drawback would be 4.24pc of the fob value on export of marine lubricating oil, all grades or types and its raw materials — additives for lubricating oil.
