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Manufacturer of polyester staple fiber (PSF) in North-West Frontier Province (now Khyber Pakhtunkhwa)—Exemption from sales tax, removal of—Sales tax imposed on raw materials i.e. mono-ethylene glycol (MEG) and pure terephthalic acid (PTA)—Legality— Whether SRO 580/91 came within the ambit of section 6 of the Protection of Economic Reforms Act, 1992—Per Munib Akhtar, J. (Majority view): If a notification came within the scope of section 6 of the Protection of Economic Reforms Act, 1992 (‘the 1992 Act’), it could not then be “altered to the disadvantage of the investors”—SRO 580/91 came squarely within the scope of said section; it was intended to encourage industrialization in North-West Frontier Province (now Khyber Pakhtunkhwa)&m...
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