Sales Tax Instructions

Sales Tax Instructions, 2009
the prevailing State Bank of Pakistan‘s procedures and foreign exchange
regulations.
(v) On receipt of goods DFSL shall issue a certificate of receipt indicating
the reference number and date of the aforesaid authorization and serial
number and date of zero-rated invoice. This certificate shall be duly
attested by the customs staff posted at duty free shops. A copy of this
certificate shall be sent each to the manufacturer as well as to the
Collector of Sales Tax.
(vi) DFSL shall maintain proper separate records of the tax- free purchases
and tax-free sales of goods purchased under this order. Full particulars of
the persons buying these goods under duty free allowances shall be
invariable mentioned in the records. Similarly, the manufacturer shall
maintain proper record relating to the supplies made to DFSL without
payment of sales tax. Both DFSL and the manufacturer shall present
these records to the sales tax staff for inspection or audit as and when
required.
(vii) The manufacturer shall be entitled to input tax adjustment in respect of
goods supplied to DFSL against zero-rated invoices and in case excess
input tax credit is not available, the manufacturer shall be entitled to
refund of the input tax involved in such goods on the basis of the
following documents: -
(a) Input tax invoices/bill of entry;
(b) Zero-rated invoices;
(c) Authorization issued by the Collector of Sales Tax;
(d) Certificate of receipt issued by DFSL duly attested by
Customs;
(e) Proof of surrendering to the State Bank of Pakistan foreign
exchange received from DFSL; and
(f) Proof of transportation of goods in case goods have been
transported through commercial or third party means.
The said documents shall be furnished in original with a set of
photocopies and returned to the manufacturer after tallying an
endorsement of verification on the photocopies by the officer-in-charge
of Refund Division of the Sales Tax Collectorate. Refund shall be
processed and sanctioned in accordance with the Sales Tax Rules, 2002
treating the claimant as manufacturer-cum-exporter.
(viii) DFSL shall procure goods under this order to meet its requirements for a
period not exceeding three months and shall ensure that these goods do
not find way in the local market. DFSL shall be responsible to pay sales
tax and additional tax in case any such goods are found being sold in the
local market.
(ix) The indemnity bond furnished by DFSL shall be released by the
Collector of Sales Tax only after satisfying himself either through audit