Sales Tax Instructions

Sales Tax Instructions, 2009
(D) Total Cost of Production (B + C) 49381
(E) Gross Profit 4000
(F) Minimum Invoice Price (Per ton) 53381
(G) Minimum Invoice Price (Per KG) 53.38
(H) Sales Tax @ 15% per KG 8.01
(I) Sale price including sales tax @ 15%
per KG
61.39
Note.1: Sales tax on inputs adjusted above.
Note.2: The C&F price as per Reuter dated 30 th August, 2002 was US$ 435 per ton of
RBD Palm Oil, (1 US $ = Rs.60.00)
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C.No.1(247)STT/99 DATED 31 TH DECEMBER, 2002
SUBJECT:- EXEMPTION OF SLAES TAX ON IMPORTED FORK LIFT
TRUCKS.
I am directed to refer to your letter dated 28 th November, 2002, on the subject
noted above and to say that sales tax paid on the vehicles falling under Chapter 87 of the
First Schedule to the Customs Act, 1969 is not adjustable with output tax under SRO
578(I)/98. However, since Fork Lift Trucks fall under Chapter 84 of the First Schedule
to the Customs Act, 1969, slaes tax paid thereon is adjustable with output tax.
[Issued by the CBR, Islamabad under the signature of Mr. Manzoor Hussain Memon,
Secretary (STT), addressed to Khawaja Saqib Mahmood, Corporate Commercial Affairs
Manager, M/s ICI, Pakistan Ltd.]
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