ISLAMABAD: The government on Tuesday lifted ban on export of various personal protective equipment (PPE) with immediate effect.
(more…)Tag: Export Policy Order 2016
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PVC, PMC material allowed sales tax zero rating; Export Policy Order amended
ISLAMABAD: The ministry of commerce has allowed zero rating of sales tax on supply of PVC and PMC meterials from Export Processing ZOnes, Manufacturing Bonds and export oriented units.
The commerce ministry on Monday issued SRO 351(I)/2020 dated May 04, 2020 to amend Export Policy Order 2016 regarding supply of PVC and PMC materials.
According to the amendment: “… the export of PVC and PMC (HS Code 3901-3914) materials from the Export Processing Zones, manufacturing bonds and export oriented units shall be eligible for zero rating of sales tax.
Through the SRO the ministry also amended the negative list for export to Afghanistan.
The SRO omitted the entry of PVC and PMC from the third schedule of the Export Policy Order 2016.
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Pakistan bans export of anti-malarial drugs
Pakistan on Thursday banned the export of anti-malarial drugs with immediate effect till further orders.
The ministry of commerce issued SRO 297(I)/2020 to amend Export Policy Order, 2016 to impose the ban. The ban has been imposed due to high demand of the drugs in the wake of coronavirus spread.
The ministry amended the export policy order and brought the drug in First Schedule, which prohibits exports of the goods falling in this schedule.
The ministry said that the ban would be remained applicable till further orders or decision of the National Coordination Committee (NCC) on COVID-19.