47. Pakistan Economic Survey 2011-12 - Consultancy Services in ...
47. Pakistan Economic Survey 2011-12 - Consultancy Services in ...
47. Pakistan Economic Survey 2011-12 - Consultancy Services in ...
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<strong>Pakistan</strong> <strong>Economic</strong> <strong>Survey</strong> <strong>2011</strong>-<strong>12</strong>Table-2: Tax Expenditure of Sales Tax for 2010-11 and <strong>2011</strong>-<strong>12</strong>(Rs. <strong>in</strong> billion)S. No Sectors Estimated Revenue Loss2010-11 <strong>2011</strong>-<strong>12</strong>1. Fertilizer 9.138 02. Tractors 6.489 4.2803. Pharmaceutical Products 5.505 5.8004. Others <strong>12</strong>.630 14.220Total: 33.762 24.300Customs DutyUnder the Customs law, exemptions orconcessions are granted to goods that are imported<strong>in</strong>to <strong>Pakistan</strong> through SROs, special classification<strong>in</strong> Chapter 99 of <strong>Pakistan</strong> Customs Tariff, and/orthrough specific rate of tariff. On the basis of theseprovisions, the tax expenditure <strong>in</strong> respect ofCustoms Duty has been estimated at Rs. 91.588(billion) for <strong>2011</strong>-<strong>12</strong>. The details are given <strong>in</strong> thefollow<strong>in</strong>g Table-3:Table-3: Tax Expenditure of Customs Duty for 2010-11 and <strong>2011</strong>-<strong>12</strong>SRO. No & date558(I)/200401-07-2004570(I)/200506-06-2005<strong>12</strong>96(I)/200631-<strong>12</strong>-2005894(I)/200631-08-2006<strong>12</strong>74(I)/200629-<strong>12</strong>-2006659(I)/200730-06-2007<strong>12</strong>61(I)/200731-<strong>12</strong>-2007565(I)/200605-06-2006567(I)/200605-06-2006678(I)/2004<strong>12</strong>-06-2004575(I)/200605-06-2006655(I)/200622-06-2006656(I)/200622-06-2006809(I)/200919-09-2009Tax Expenditure ItemsConcession of Customs Duty on goods imported from SAARCand ECO countries.Exemption from Customs Duty on imports from Sri LankaExemption from Customs Duty on imports from Ch<strong>in</strong>aExemption from Customs Duty on imports from Iran under Pak-Iran PTAExemption from Customs Duty on imports under SAFTAagreementExemption from Customs Duty on imports from Ch<strong>in</strong>aExemption from Customs Duty on imports from MalaysiaConditional exemption of Customs Duty on import of rawmaterials and components etc. for manufacturers of differentsectors.General and conditional exemption of Customs Duty.Exemption of Customs Duty and Sales Tax to Oil Explorationand Production (E&P) companies on import of mach<strong>in</strong>eryequipment & vehiclesExemption of Customs Duty and Sales Tax on import ofmach<strong>in</strong>ery, equipment, apparatus and other itemsExemption from Customs Duty for vendors of AutomotiveSectorExemption from Customs Duty for OEMs of Automotive Sector(Rs. <strong>in</strong> billion)Estimated Revenue Loss2010-11 <strong>2011</strong>-<strong>12</strong>0.073 0.0550.148 0.1960.031 0.00020.004 0.00090.116 0.15110.867 13.7622.895 2.7504.653 7.39130.277 21.8302.581 2.81013.7<strong>12</strong> 9.8339.315 <strong>12</strong>.85119.073 19.196Exemption from Customs Duty on import of mach<strong>in</strong>ery &equipment by Industrial units registered with M<strong>in</strong>istry of Textile1.196 0.756IndustryTotal 94.941 91.588262
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