ISLAMABAD: Federal Board of Revenue (FBR) on Monday granted sales tax exemption on import of oxygen gas and cylinders (for oxygen gas) for a period of three months.
The FBR issued SRO 649(I)/2020 dated August 03, 2020 to exempt the sales tax from June 23, 2020 on import of the following:
01. Oxygen gas under PCT 2804.4000
02. Cylinders (for oxygen gas) under PCT 7311.0090
03. Cryogenic tanks (for oxygen gas) under PCT 7311.0030
The FBR said that the said exemption shall apply in respect of the letters of credit opened or goods declaration forms filed on or after June 23, 2020.
Previously the FBR issued SRO 593(I)/2020 and exempted the import of oxygen gas and oxygen gas cylinders from customs duty for three months effective from June 23, 2020.