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Supreme Court of Pakistan 2023 Sales Tax Act (VII of 1990)

2023 PTD 1635

Exemption from sales tax
FEDERAL BOARD OF REVENUE
Appellant
VS
DEWAN SALMAN FIBER LTD. AND OTHERS
Respondent

Case Laws / Head Notes / Paras

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 462/88 came within the ambit of section 6 of the Protection of Economic Reforms Act, 1992— [Per Munib Akhtar, J. (Majority view): SRO 462/88 provided exemption from sales tax on the import/supply of MEG and PTA, the raw materials of PSF— SRO 462/88 superseded SRO 652(I)/81 dated 25.06.1981—Perusal of the latter notification shows that the exemption for MEG and PTA had also been given therein—SRO 462/88 was superseded by SRO 482/92, and the latter notification did away with the exemption ...