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ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 714 items on which input tax adjustment shall not be allowed to five leading export-oriented industries i.e. textile, leather, carpets, surgical and sports.

The list issued by the FBR on Thursday revealed that the input tax adjustment shall not be allowed to the manufacturers of five leading export sectors on goods which are not related to their business activity.

The negative list of such unrelated goods has been given in the sales tax order issued by the FBR on Thursday.

Inputs: exporters promised hassle-free imports

The negative list included certain types of services and items like newsprint, in rolls or sheets, pharmaceutical goods, fertilizers animal or vegetable, oils essential, cosmetic and toilet preparations beauty, make-up and skin care preparations, hair preparations, re-meltable scrap, iron and non-alloy steel ingots / bala, iron or non-alloy steel bars and rods, stainless steel flat-rolled products, furniture medical, surgical, dental or veterinary, lamps, light fittings including searchlights, spotlights and parts thereof and many other items as well as different kinds of services.

Copyright Business Recorder, 2023

Comments

1000 characters
Tulukan Mairandi Mar 17, 2023 09:11am
Amongst pharmaceutical goods, please don't include viagra, which is consumed by huge numbers of Pakistani men due to hereditary impotency or poor air and water quality killing reproduction system health.
thumb_up Recommended (0) reply Reply
Anjum Mar 17, 2023 10:53am
Carbon Black is coming to Pakistan from Iran through smugglers!huge loss any body to take notice
thumb_up Recommended (0) reply Reply
Muhammed Mar 17, 2023 02:27pm
@Anjum, it’s not only the carbon black there are hoards of items coming from Iran & Afghanistan through our so called FENCED border.
thumb_up Recommended (0) reply Reply

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