3 of 92023-06-30

Finance Act, as published 30 June 2023

This is the Finance Act as it stood on 30 June 2023. It runs to 53 pages and contains 8 sections, with 0 amendment footnotes.

What this document is

Published by the Federal Board of Revenue as part of the Finance Act collection. A consolidation of this kind folds every amendment made up to its cover date into the text, so it shows the law as it stood on 30 June 2023 rather than as originally enacted.

The date above was taken from the file name rather than a consolidation statement on the cover, so treat it as approximate.

The shape of this version

The operative text holds roughly 16,279 words across 8 sections.

What changed since the previous version

Against the version published 30 June 2023, this one has 6 new sections and 1 that no longer appear.

New in this version

section 3, Amendments of the Members of Parliament (Salaries and Allowances) Act, 1974 (XXVII of 1974)
section 5, Amendments of the Sales Tax Act, 1990
section 6, Amendments of the Islamabad Capital Territory (Tax on Services) Ordinance, 2001, - (XLII of 2001)
section 7, Amendments of Income Tax Ordinance, 2001 (XLIX of 2001)
section 38, Alternative Dispute Resolution
section 65, Film and Drama Finance Fund.” ; 8. Amendments of the Federal Excise Act, 2005

No longer present

These appeared in the previous version and not in this one. That usually means omission by a later law, though it can also mean a heading was formatted in a way the extraction did not recognise.

section 1, Short title and commencement

The source file


File name	`20236261762031274FinanceAct,2023.pdf`
Pages	53
Size	1.61 MB
Text extraction	markitdown
Extraction confidence	high
Position in this collection	8 of 9

SHA-256 of the source PDF:

1567e5b72aa4ee4409ff7aa371220ed58b315143ae04cae65995e461b5ab38dd

Checking that value against the file you download confirms it is the same document these figures came from.

A note on these figures

Counts here are produced by software reading the PDF, not compiled by hand. The same method is applied to every document, which makes comparisons between versions meaningful, but a section with unusual formatting can be missed. Treat them as close measurements and the official document as the authority.

This is information, not legal or tax advice. Qanoon Digest is independent and not affiliated with the Federal Board of Revenue or the Government of Pakistan.

The full text of this version

All 8 sections as they appear in this document, reproduced from the source PDF. Amendment footnotes follow at the end.

2. Amendment of the Petroleum Products (Petroleum Levy) Ordinance, 1961 (XXV of 1961)

In the Petroleum Products (Petroleum Levy) Ordinance, 1961 (XXV of 1961), in the Fifth Schedule, in column (1),-

(a) against Sr. No. 1, in column (4), for the figure “50”, the figure “60” shall be substituted; and

(b) against Sr. No. 2, in column (4), for the figure “50”, the figure “60” shall be substituted.”.

3. Amendments of the Members of Parliament (Salaries and Allowances) Act, 1974 (XXVII of 1974)

In the Members of Parliament (Salaries and Allowances) Act, 1974 (XXVII of 1974), in section 13A, in sub-section (1), in paragraph (e), -

(i) for the expression “1300 CC”, the expression “1200CC to 1600CC” shall be substituted;

(ii) sub-paragraphs (ii) and (iii) shall be omitted and the remaining sub- paragraphs shall be re-numbered accordingly;

(iii) for the existing sub-paragraph (iv), the following shall be substituted, namely: - “(iv) official vehicle shall only be driven by the Staff Car Driver for outstation duty and he shall be entitled to TA/DA;”.

4. Amendments of the Customs Act, 1969 (IV of 1969)

In the Customs Act, 1969 (IV of 1969), the following further amendments shall be made, namely: -

(1) in section 2, in clause (s), after the word “goods”, occurring for the first time, the expression “, anywhere within the territorial jurisdiction of Pakistan”, shall be inserted;

(2) in section 3C, for the expression “ Pakistan Customs Academy (PCA)”, occurring wherever, the expression “Customs Academy of Pakistan (CAP)” shall be substituted;

(3) in section 7, after the expression “(BMP)”, the expression “, Provincial Levies, Khasadar Force” shall be inserted;

(4) in section 19, -

(a) in sub-section (1), after the word “Pakistan,” occurring for the first time, the expression “, or to implement an agreement of the Government of Pakistan with any entity” shall be inserted; and

(b) in sub-section (5), in the second proviso, for the figure “2023”, the figure “2024” shall be substituted;

(5) in section 25A, in sub-section (1), in the proviso, for the expression “incorporate values from”, the expression “consult prices of goods available in” shall be substituted;

(6) in section 79, in sub-section (1), after the second proviso, for the full stop at the end, a colon shall be substituted and thereafter the following new proviso shall be added, namely:- “Provided further also that in case of land customs station at border, the owner of any imported goods shall file Goods Declaration (GD) for home consumption or warehousing or transshipment or any other approved purpose, within three days of arrival of goods at the border Customs station.”;

(7) in section 98, in sub-section (1), for the words “one month” occurring for the first time, the words “three months” shall be substituted;

(8) in section 139, in sub-section (1), after the word “crew”, the expression “or a representative on behalf of a group of passengers” shall be inserted;

(9) in section 156, in sub-section (1), in the Table, -

(a) against S.No.1, -

(i) sub-serial number (ii) shall be omitted; and

(ii) for sub-serial number (iii), the following shall be substituted, “(iii) If any person fails to attach Such person shall General”; or electronically upload be liable to a mandatory documents penalty not required under section 79 or exceeding 131 of the Customs Act, Rs.50,000/-. 1969-,

(b) against S. No. 8, in sub-serial number (i), in clause (b), clause (c), clause (d) and clause (e), in column (2) after the word “times”, the words “but not less than” shall be inserted;

(d) against S.No. 89, in sub-serial number (i), in column (2), after the word “times” occurring for second time, the words “but not less than” shall be inserted;

(e) against S. No. 90, in column (2), after the word “times”, the words “but not less than” shall be inserted;

(10) in section 179, in sub-section (2), for the full stop at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely:-

“Provided that the respondent may opt for adjudication through the customs computerized system for such goods or offences as notified by the Board.”;

(11) in section 182, in the proviso, after the word, “that”, the expression “subject to rules,” and after the word “vehicles” the expression “, conveyance and any other equipment” shall be inserted;

(12) in section 185D, after sub-section (2), the following new sub-section shall be added, “(3) The Board may at any stage of investigation direct transfer of investigation of criminal case from one field formation to other formation.”;

(13) in section 194A, in sub-section (1), in clause (f), for the full stop at the end, a semi- colon and the word “and” shall be substituted and thereafter the following new clause shall be added, namely: - “(g) an appellate order or a quasi-judicial order passed by the Chief Collector of Customs under provisions of this Act and the rules made thereunder provided that such appeal shall be heard by a special bench consisting of one technical member and one judicial member.”;

(13A) in section 195C, in sub-section (2), for clause (c), the following shall be substituted, “(c) a retired judge not below the rank of a judge of High Court, who shall also be the Chairperson of the Committee, to be nominated by the Board from a panel notified by the Law and Justice Division for such purpose.”;

(14) in section 208, in sub-section (2), in the proviso, for the full stop at the end, a colon shall be substituted and thereafter the following new proviso shall be added, “Provided further that the Board may make rules regarding eligibility of a person for self-filing of goods declaration as provided under sub-section

(2) read with section 155C of this Act.”;

(15) in section 212B, in sub-section (2), in clause (ii), after semi-colon, the word “or” shall be added and thereafter clause (iii) shall be omitted;

(16) the amendments set out in the First Schedule to this Act shall be made in the First Schedule to the Customs Act, 1969 (IV of 1969); and

(17) in the Fifth Schedule, - (A) in Part-I, in column (1), -

(i) after S. No. 8, the following new S. No. 8(a) and the entries relating thereto in column (2), (3) (4) and (5) shall be inserted namely: - 2022.

Ordinance, 2001.”;

(ii) against S. No. 26, in column (2), for the figure “2023”, the figure “2024”, shall be substituted; (B) in Part-II, in Table A, in column (1), Sr. No. 312 and the entries relating thereto in columns (2), (3) and (4), shall be omitted; (C) in Part-III, in the Table, in column (1), -

(i) against Sr. No. 113, in column (5), for the word “hemodialyzers”, the words “fluids and powders for use in hemodialyzers” shall be substituted;

(ii) against Sr. No. 107, - specification 60 gm/m2 in 23X36 inches or 20X30 inches sheets (ii) Art paper having specification 20x30 inches, 23x30 inches, 23x33 inches, 23x36 inches and 700x1000 mm”, the expression “(i) Paper having specification 60 to 90 gsm of 20x30, 23x30, 23x36, 23x33 and 30x40 inches in sheets; and

(ii) Art card or board (200 to 300 gsm) and art paper having specification 60 to 130 gsm of 20x30 inches, 23x30 inches, 23x36, 30x40 inches and 700x1000 mm in sheets”, shall be substituted”; and

(b) in column (3), for the PCT codes “4802.5510”, the PCT code “4810.1310”, shall be omitted;” (D) Part-V and the Table relating thereto, shall be omitted; (E) in Part-V(A), in Table-II, -

(i) against S.No.1, in column (3), in sub-serial (d), for the PCT code “8501.3290”, the PCT code “8501.3200” shall be substituted;

(ii) against S.No.2, in column (3), in sub-serial (c), for the PCT code “8501.3290”, the PCT code “8711.6050” shall be substituted;

(iii) against S.No.3, in column (3), in sub-serial (a), for the PCT code “8501.3290”, the PCT code “8501.3200” shall be substituted; and (F) For Part-V(B), the following shall be substituted, namely: - “Part-V(B) Import of Hybrid Electric Vehicles (CBUs)

Under Auto Industry Development and Export Policy (AIDEP) 2021-26 TABLE-I 1. Hybrid Electric Vehicles 8702.2090 1% The concession shall be manufacturers on import of same variant to be assembled / manufactured locally from the date of issuance of manufacturing certificate and quota determination by Engineering Development Board (EDB). 2. Hybrid Electric Vehicles 8704.4100 1% The concession shall be assembled / manufactured Board (EDB).

TABLE-II Import of Parts for Hybrid Vehicles Under Auto Industry Development and Export Policy (AIDEP) 2021-26 Good determination battery voltage converter (Power control unit)

5.Electric motor and generator for Transaxle assembly 6.Battery charging system / inlet connectors 7.Hybrid system control unit / hybrid ECU 8.Junction box 2. Following parts for Plug- Respective 3% The concession Engineering blower, tubes, hoses, battery voltage 4.Inverter assembly with converter (Power control unit) 5.Electric motor and generator for Transaxle assembly 6.Battery charging system / inlet connectors 7.Hybrid system control unit / hybrid ECU 8.Junction box 9.Charger 10.Charging port”

Part V(C) Import of Agricultural Tractors TABLE engine capacity exceeding 26 kW but 8701.9320 not exceeding 75kW 2. Agricultural Tractors (other than 8701.9100, 10%”;

(18) In Notification No. S.R.O.966(I)/2022 dated the 30th day of June, 2022, the following amendments shall be made which shall be deemed to have been so made by the Federal Government in exercise of its powers conferred by sub-section (3) of section 18 of the Customs Act, 1969 (IV of 1969), namely: - in the Table, -

(i) after S. No.140, and the entries relating thereto in columns (2), (3) and (4) the following new serial number and the entries relating thereto in columns (2), (3) and (4) shall be inserted, namely: -

(ii) after S. No.168, and the entries relating thereto in columns (2), (3) and (4), the following new serial number and the entries relating thereto in columns (2), (3) and (4) shall be inserted, namely: - Dec.,2023 and 5% from 1st January 2024 to 30th June,2024”;

(iii) after S. No.297, and the entries relating thereto in columns (2), (3) and (4), the following new serial number and the entries relating thereto in columns (2), (3) and (4) shall be inserted, namely: - exceeding 5 x 10-6 per temperature of 00C to 3000C

(iv) for S.No.299, and the entries relating thereto in columns (2), (3) and (4), the following shall be substituted, namely:- whether or not having

not otherwise worked (except PCT code 7005.3000)

(v) in paragraph 2, in clause (g), for the expression “exceeding diameter 75 mm”, the expression “of diameter 50 mm and exceeding 50 mm” shall be substituted;

5. Amendments of the Sales Tax Act, 1990

In the Sales Tax Act, 1990, the following further amendments shall be made, namely:-

(1) in section 2,-

(a) in clause (12), after the word “include”, the expression “production, transmission and distribution of electricity,” shall be omitted;

(b) in clause (33), the sub-clause (e) shall be omitted;

(2) in section 3, in sub-section (1A), for the word “three”, the word “four” shall be substituted;

(3) for section 30CA, the following shall be substituted, namely:- “30CA. Directorate General of Digital Initiatives.– The Directorate General of Digital Initiatives shall consist of a Director General and as many Directors, Additional Directors, Deputy Directors and Assistant Directors and such other officers as the Board may, by notification in the official Gazette, appoint.”;

(4) in section 33, in clause (23), in column (1), for the words “cigarette packs”, the expression “goods or class of goods as specified by the Board under sub-section (1) of section 40C” shall be substituted;

(5) for section 47A, the following shall be substituted, namely:- “47A. Alternative Dispute Resolution.– (1) Notwithstanding any other provision of this Act, or the rules made thereunder, an aggrieved person in connection with any dispute pertaining to-

(a) the liability of tax of one hundred million rupees or above against the aggrieved person or admissibility of refund, as the case may be;

(b) the extent of waiver of default surcharge and penalty; or

(c) any other specific relief required to resolve the dispute, may apply to the Board for the appointment of a committee for the resolution of any hardship or dispute mentioned in detail in the application, which is under litigation in any court of law or an appellate authority, except where criminal proceedings have been initiated.

(2) The application for dispute resolution shall be accompanied by an initial proposition for resolution of the dispute, including an offer of tax payment.

(3) The Board may, after examination of the application of an aggrieved person, appoint a committee, within fifteen days of receipt of such application in the Board, comprising,-

(i) a retired judge not below the rank of a judge of a High Court, who shall also be the Chairperson of the Committee, to be nominated by the Board from a panel notified by the Law and Justice Division for such purpose;

(ii) Chief Commissioner Inland Revenue having jurisdiction over the case; and

(iii) person to be nominated by the registered person from a panel notified by the Board comprising -

(a) chartered accountants, cost and management accountants and advocates having a minimum of ten years’ experience in the field of taxation;

(b) officers of the Inland Revenue Service who stood retired in BPS 21 or above; or

(c) reputable businessmen as nominated by Chambers of Commerce and Industry: Provided that the registered person shall not nominate a chartered accountant or an advocate if the said chartered accountant or the advocate is or has been an auditor.

(4) The Board shall communicate the order of appointment of committee to the aggrieved person, court of law or the appellate authority where the dispute is pending and the concerned Commissioner.

(5) The committee appointed under sub-section (3) shall examine the issue and may, if it deems necessary, conduct inquiry, seek expert opinion, direct any officer of the Inland Revenue or any other person to conduct an audit and shall decide the dispute by majority, within forty-five days of its appointment extendable by another fifteen days for the reasons to be recorded in writing.

(6) The decision by the committee under sub-section (5) shall not be cited or taken as a precedent in any other case or in the same case for a different tax year.

(7) The recovery of tax payable by a registered person in connection with any dispute for which a committee has been appointed under sub-section (3) shall be deemed to have been stayed on the constitution of committee till the final decision or dissolution of the committee, whichever is earlier.

(8) The decision of the committee under sub-section (5) shall be binding on the Commissioner when the aggrieved person, being satisfied with the decision, has withdrawn the appeal pending before the court of law or any appellate authority in respect of dispute as mentioned in sub-section (1) and has communicated the order of withdrawal to the Commissioner: Provided that if the order of withdrawal is not communicated to the Commissioner within sixty days of the service of decision of the committee upon the aggrieved person, the decision of the committee shall not be binding on the Commissioner.

(9) Subject to sub-section (10), the Commissioner shall also withdraw the appeal, if any, pending before any court of law or an appellate authority in respect of dispute as mentioned in sub-section (1) within thirty days of the communication of the order of withdrawal by the aggrieved person to the Commissioner.

(10) The aggrieved person shall make the payment of sales tax and other duty or taxes and within such time as decided by the committee under sub section

(5) and all decisions and orders made or passed shall stand modified to that extent.

(11) If the committee fails to decide within the period of sixty days under sub-section (5), the Board shall dissolve the committee by an order in writing and the matter shall be decided by the court of law or the appellate authority where the dispute is pending under litigation.

(12) The Board shall communicate the order of dissolution of the committee to the aggrieved person, court of law or the appellate authority and the Commissioner.

(13) On receipt of the order of dissolution of the committee, the court of law or the appellate authority shall decide the appeal within six months of the communication of said order.

(14) The Board may prescribe the amount to be paid as remuneration for the services of the members of the committee, other than the member appointed under clause (ii) of sub-section (3).

(15) The Board may, by notification in the official Gazette, make rules for carrying out the purposes of this section;

(6) in the Fifth Schedule, in column (1),-

(a) after serial number 8, the following new serial number and entries thereto in column (2) shall be inserted, namely:- “8A. Imports or supplies made by, for or to a qualified investment as specified at Serial No.1 of the First Schedule to the Foreign Investment (Promotion and Protection) Act, 2022 for the period as specified in the Second Schedule to the said Act.”. ;

(b) against serial number 12, in column (2),-

(i) in clause (xvii), for the word “five”, the word “six” shall be substituted;

(ii) for clause (xxv), the following shall be substituted, namely:- “(xxv) other drawing, marking out or mathematical calculating instruments (geometry box) (PCT heading 9017.2000).”; and

(7) in the Sixth Schedule, - (I) in Table-1, in column (1),-

(a) against serial numbers 16, in column (2), for the words “in retail packing bearing”, the word “under” shall be substituted;

(b) against serial numbers 17, in column (2), for the words “in retail packing bearing”, the word “under” shall be substituted;

(c) against serial numbers 18, in column (2), for the words “in retail packing bearing”, the word “under” shall be substituted;

(d) in serial number 121, in column (2), the following Explanation shall be added, namely:- “Explanation.- For removal of doubt, it is clarified that the blood transfusion sets not packed in aluminum foil imported with blood bags CPDA-1, in corresponding quantity in same consignment are also exempt;”

(e) against serial number 151, in column (2), in clause (b), for the expression “30th June, 2023” the expression “30th June, 2024” shall be substituted;

(f) against serial number 152, in column (2), for the expression “30th June, 2023” the expression “30th June, 2024” shall be substituted;

(g) serial numbers 159 and 160 and entries relating thereto in columns

(2) and (3) shall be omitted;

(h) against serial number 168, in column (2), after the word “Fertilizers”, the words “excluding DAP” shall be added; and (II) in Table-2, in column (1),-

(a) against serial number 27, in column (2), after the words “Wheat Bran”, the expression “[This exemption shall apply from the 1st day of July, 2018]” shall be added;

(b) against serial number 32, in column (2), after the word “sold”, the words “in retail packing” shall be omitted;

(d) against serial number 35, in column (2), after the word “sold”, the words “in retail packing” shall be omitted;

(e) against serial number 36, in column (2), after the word “sold”, the words “in retail packing” shall be omitted;

(f) against serial number 37, in column (2), after the word “sold”, the words “in retail packing” shall be omitted;

(g) against serial number 39, in column (2), after the word “sold”, the words “in retail packing” shall be omitted;

(h) against serial number 41, in column (2), after the word “sold”, the words “in retail packing” shall be omitted; and

(i) against serial number 42, in column (2), after the word “sold”, the words “in retail packing” shall be omitted;

(8) in the Eighth Schedule, in column (1),-

(a) against serial number 66, in column (4), for the expression “12%”, the expression “15%” shall be substituted; and

(b) serial numbers 81 and 82 and entries relating thereto in columns (2), (3), (4) and (5) shall be substituted, namely:- “81. Substances registered as Respective 1% Subject to the

(b) scrubs, preparations; soap;

(d) adhesive plaster;

(e) surgical tapes;

(f) liquid paraffin;

(g) disinfectants, and toilet preparations. This substitution shall be made from the 1st day of

July, 2022. 82 Raw materials for the Respective 1% Subject to the basic manufacture of headings conditions that: pharmaceutical active (i) DRAP shall ingredients and for certify item-wise manufacture of requirement of pharmaceutical products, manufacturers of provided that in case of drugs and APIs and import, only such raw in case of import materials shall be entitled shall furnish all to reduced rate as relevant specified in column (4) information to which are liable to Pakistan Customs customs duty not Computerized exceeding eleven per System; and cent ad valorem, either (ii) No input under the First Schedule tax shall be or Fifth Schedule to the adjusted in the Customs Act, 1969 (IV of supply chain”. 1969) or under a notification issued under section 19 thereof.

(c) after serial number 82, the following new serial number and entries relating thereto in columns (2), (3), (4) and (5) shall be added, namely:- “83. DAP Respective 5% Subject to the condition that headings no refund of excessive input tax, if any, shall be admissible.”.

6. Amendments of the Islamabad Capital Territory (Tax on Services) Ordinance, 2001, - (XLII of 2001)

In the Islamabad Capital Territory (Tax on Services) Ordinance, 2001 (XLII of 2001),-

(1) In section 3, in clause (b), after the expression “serial number 2”, the expression “and serial number 8A” shall be inserted;

(2) in Table 1, in column (1). -

(i) against serial S. No. 1 and entries relating thereto in columns (2), (3) and (4), the following shall be substituted, namely:- “1. (i) Services provided or 98.01 (i) Fifteen percent rendered by hotels, motels, guest houses, farmhouses, marriage halls, lawns, clubs and caterers.

(ii) Services provided by restaurants (ii) (a) Five percent including cafes, where payment against food (including ice- services is received cream) parlors, through debit or credit coffee houses, cards, mobile wallets or

cash.”.

(ii) against S. No.11 and entries relating thereto in columns (2), (3) and (4), the following shall be substituted; namely:- “11. IT services and IT-enabled services. Respective Fifteen entry- design; and not limited to inbound or outbound call services, human resources (HR) services, processing.

(iii) after S. No. 59, in columns (1), (2) and (3), the following new S. No. shall be added, namely:-

7. Amendments of Income Tax Ordinance, 2001 (XLIX of 2001)

In the Income Tax Ordinance, 2001 (XLIX of 2001), the following further amendments shall be made, namely:-

(1) in section 2, -

(a) in clause (29), after the expression “section 234”, the expression “, section 236Z” shall be inserted;

(b) in clause (41), -

(i) the word “fixed”, wherever occurring, shall be omitted;

(ii) after sub-clause (ba), a new clause (bb) shall be inserted, namely: - where transactions are conducted through internet or any physical presence;” and

(iii) in sub-clause (d), after the word “personnel”, the words “or entity” shall be inserted;

(2) in section 4C, -

(a) in sub-section (2), in clause (iv), for the words “and Seventh”, the words “, Seventh and Eighth” shall be substituted; and

(b) after sub-section (5), the following new sub-section shall be added, namely: - “(5A) The provisions of section 147 shall apply on tax payable under this section.”;

(3) in section 7E, in sub-section (2), in clause (i), for the full stop at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely: - “Provided that the exclusions mentioned at clauses (a), (e), (f) and (g) of this sub-section shall not apply in case of a person not appearing in the active taxpayers’ list, other than persons covered in rule 2 of the Tenth Schedule.”;

(4) in section 21, in clause (m), for the expression, “twenty-five thousand rupees per month”, the expression “thirty-two thousand rupees per month to an individual”, shall be substituted;

(5) in section 37A, in sub-section (1), for the second proviso, the following shall be substituted, namely: - “Provided further that this section shall not apply to the disposal of shares -

(i) of a listed company made otherwise than through registered stock exchange and which are not settled through NCCPL;

(ii) through initial public offer during listing process except where the detail of such disposal is furnished to NCCPL for computation of capital gains and tax thereon under this section, and the provisions of section 37 shall apply on such disposal of shares of a listed company or disposal of shares through initial public offer, accordingly.”;

(6) in section 39, in sub-section (1), -

(i) in clause (l), the word “and”, occurring at the end shall be omitted; and

(ii) in clause (la), for the full stop at the end, a semicolon and the word “and” shall be added and thereafter the following new clause shall be added, “(lb) income arising to the shareholder of a company, from the issuance of bonus shares;”;

(7) after section 44, the following new section shall be inserted, namely: - “44A. Exemption under Foreign Investment (Promotion and Protection) Act, 2022 (XXXV of 2022). - (1) Taxes on income (including capital gains), advance tax, withholding taxes, minimum and final taxes under this Ordinance shall, for the period and to the extent provided in the Second and Third Schedules to the Foreign Investment (Promotion and Protection) Act, 2022 (XXXV of 2022) in respect of qualified investment as specified at Sr. No.1 of the First Schedule to the said Act or investors, be exempt or subject to tax at the rate and in the manner specified under the said Act.

(2) All investors and shareholders of the qualified investment, their associates and companies specified in the Second and Third Schedules to the said Act including third party lenders on account of any loan shall also be exempt from taxes and other provisions of this Ordinance or subject to tax at the rate and in the manner specified under the said Act for the period and to the extent provided in the Second and Third Schedules to the said Act.

(3) Provisions of this Ordinance relating to Anti-Avoidance, for the period and to the extent specified in the said Act including sections 106, 106A, 108, 109 and 109A, shall not apply to the persons and amounts mentioned in sub-sections (1) and (2).

(4) Rates of depreciation, initial allowance and pre-commencement expenditure

under sections 22, 23 and 25 as on the 20th day of March, 2022 shall continue to be applicable for thirty years as provided in the Third Schedule to the said Act in respect of persons mentioned in sub-sections (1) and (2).

(5) For the purpose of this section, the terms defined under the Second and Third Schedules to the said Act shall apply mutatis mutandis to this Ordinance.”;

(8) in section 85, -

(a) for sub-section (1), the following shall be substituted, namely: - “(1) Subject to sub-section (2), two persons shall be associates where -

(i) the relationship between the two is such that one may reasonably be expected to act in accordance with the intentions of the other, or both persons may reasonably be expected to act in accordance with the intentions of a third person;

(ii) one person sufficiently influences, either alone or together with an associate or associates, the other person; Explanation. - For the purpose of this section, two persons shall be treated as sufficiently influencing each other, where one or both persons, directly or indirectly, are economically and financially dependent on each other and, decisions are made in accordance with the directions, instructions or wishes of each other for common economic goal; or

(iii) one person enters into a transaction, directly or indirectly, with the other who is a resident of jurisdiction with zero taxation regime.”; and

(b) for sub-section (5), the following shall be substituted, namely: - “(5) In this section, -

(i) “relative” in relation to an individual, means -

(a) an ancestor, a descendant of any of the grandparents, or an adopted child, of the individual, or of a spouse of the individual; or

(b) a spouse of the individual or of any person specified in clause (a);

(ii) jurisdiction with zero taxation regime means jurisdiction as may be prescribed.”;

(9) after section 99C, the following new section shall be inserted, namely: - “99D. Additional tax on certain income, profits and gains. - (1) Notwithstanding anything contained in this Ordinance or any other law for the time being in force, for any of the last three tax years preceding the tax year 2023 and onwards, in addition to any tax charged or chargeable, paid or payable under any of the provisions of this Ordinance, an additional tax shall be imposed on every person being a company who has any income, profit or gains that have arisen due to any economic factor or factors that resulted in windfall income, profits or gains.

(2) The Federal Government may, by notification in the official Gazette, -

(a) specify sector or sectors, for which this section applies;

(b) determine windfall income, profits or gains and economic factor or factors including but not limited to international price fluctuation having bearing on any commodity price in Pakistan or any sector of the economy or difference in income, profit or gains on account of foreign currency fluctuation;

(d) provide for the scope, time and payment of tax payable under this section in such manner and with such conditions as may be specified in the notification; and

(e) exempt any person or classes of persons, any income or classes of income from the application of this section, subject to any conditions as may be specified in the notification.

(3) The Federal Government shall place before the National Assembly the notification issued under this section within ninety days of the issuance of such notification or by the 30th day of June of the financial year, whichever is earlier.”;

(10) in section 100B, in sub-section (1), after the word “thereon”, the words “including super tax under section 4C” shall be inserted;

(11) in section 113, in sub-section (2), in clause (c), after the second proviso, the following new Explanation shall be added, namely: - “Explanation. - For the removal of doubt it is clarified that the aforesaid Part referred to in this clause means clause (1) of Division I or Division II of Part I of the First Schedule.”;

(12) for section 134A, the following shall be substituted, namely: - “134A. Alternative Dispute Resolution. - (1) Notwithstanding any other provision of this Ordinance, or the rules made thereunder, an aggrieved person in connection with any dispute pertaining to -

(a) the liability of tax of one hundred million rupees or above against the aggrieved person or admissibility of refund, as the case may be;

(b) the extent of waiver of default surcharge and penalty; or

(2) The application for dispute resolution under sub-section (1) shall be accompanied by an initial proposition for resolution of the dispute, including an offer of tax payment.

(3) The Board may, after examination of the application of an aggrieved person, appoint a committee, within fifteen days of receipt of such application in the Board, comprising, -

(ii) the Chief Commissioner Inland Revenue having jurisdiction over the case; and

(iii) a person to be nominated by the taxpayer from a panel notified by the Board comprising -

(a) chartered accountants, cost and management accountants and advocates having a minimum of ten years’ experience in the field of taxation;

(b) officers of the Inland Revenue Service who stood retired in BS 21 or above; or

(c) reputable businessmen as nominated by the Chambers of Commerce and Industry: Provided that the taxpayer shall not nominate a chartered accountant or an advocate if the said

chartered accountant or the advocate is or has been an auditor or an authorized representative of the taxpayer.

(4) The Board shall communicate the order of appointment of Committee to the aggrieved person, court of law or the appellate authority where the dispute is pending and to the concerned Commissioner.

(5) The Committee appointed under sub-section (3) shall examine the issue and may, if it deems necessary, conduct inquiry, seek expert opinion, direct any officer of the Inland Revenue or any other person to conduct an audit and shall decide the dispute by majority, within forty-five days of its appointment extendable by another fifteen days for the reasons to be recorded in writing.

(6) The decision by the Committee under sub-section (5) shall not be cited or taken as a precedent in any other case or in the same case for a different tax year.

(7) The recovery of tax payable by a taxpayer in connection with any dispute for which a Committee has been appointed under sub-section (3) shall be deemed to have been stayed on the constitution of Committee till the final decision or dissolution of the Committee, whichever is earlier.

(8) The decision of the Committee under sub-section (5) shall be binding on the Commissioner when the aggrieved person, being satisfied with the decision, has withdrawn the appeal pending before the court of law or any appellate authority in respect of dispute as mentioned in sub-section (1) and has communicated the order of withdrawal to the Commissioner: Provided that if the order of withdrawal is not communicated to the Commissioner within sixty days of the service of decision of the Committee upon the aggrieved person, the decision of the Committee shall not be binding on the Commissioner.

(10) The aggrieved person shall make the payment of income tax and other taxes and within such time as decided by the Committee under sub-section (5) and all decisions and orders made or passed shall stand modified to that extent.

(11) If the Committee fails to decide within the period of sixty days under sub-section (5), the Board shall dissolve the Committee by an order in writing and the matter shall be decided by the court of law or the appellate authority where the dispute is pending under litigation.

(12) The Board shall communicate the order of dissolution to the aggrieved person, court of law or the appellate authority and to the Commissioner.

(13) On receipt of the order of dissolution, the court of law or the appellate authority shall decide the appeal within six months of the communication of the said order.

(14) The Board may prescribe the amount to be paid as remuneration for the services of the members of the Committee, other than the member appointed under clause (ii) of sub-section (3).

(15) The Board may, by notification in the official Gazette, make rules for carrying out the purposes of this section.”;

(13) after section 146C, the following new section shall be inserted, namely:

“146D. Recovery of liability outstanding under other laws. - (1) Where any outstanding liability in or under any other statute or law for the time being in force enacted through an Act of Parliament, in respect of any defaulter is -

(a) treated as Income Tax arrears in that law;

(b) required to be recovered or collected by Commissioner (Inland Revenue); or

(c) is referred to Commissioner (Inland Revenue) for the recovery- the Commissioner (Inland Revenue) shall recover the said liability and deposit the receipts in the designated account specified in that law.”;

(14) in section 147, -

(i) in sub-section (4), in the explanation, after the word “sections”, the expression “4C,” shall be inserted;

(ii) in sub-section (4AA), after the word “sections”, the expression “4C,” shall be inserted;

(iii) in sub-section (4B), after the full stop occurring at the end, the following new explanation shall be added, namely: - “Explanation. - For removal of doubt, it is clarified that tax assessed includes tax liability under section 4C.”;

(iv) after sub-section (5B), the following new sub-section shall be inserted, “(5C) Notwithstanding anything contained in this section, every person deriving income from the business of -

(i) construction and disposal of residential, commercial or other buildings; or

(ii) development and sale of residential, commercial or other plots for itself or otherwise, shall be liable to pay adjustable advance tax on Project-by-Project basis, as may be prescribed, for the tax year as per the rates specified in Part IIB of the First Schedule in four equal installments: Provided that such advance tax shall be payable to the Commissioner in accordance with sub-sections (5) and (5A): Provided further that the provisions of sub-sections (7) to (10) shall mutatis mutandis apply.”;

(15) in section 152, in sub-section (5A), for the full stop at the end, a colon shall be substituted and thereafter the following provisos shall be added, namely: - “Provided that the Commissioner shall be deemed to have issued the exemption certificate upon the expiry of thirty days and the certificate shall be automatically processed and issued by Iris subject to the condition that in computing the said period of thirty days, there shall be excluded days taken for adjournment by the applicant: Provided further that the Commissioner may modify or cancel the certificate issued automatically by Iris on the basis of reasons to be recorded in writing after providing an opportunity of being heard.”;

(16) in section 154, in sub-section (3B), after the expression “Customs Rules, 2001”, the expression “and Export Facilitation Scheme, 2021” shall be inserted;

(17) in section 154A, in sub-section (2), in clause (c), for the semicolon at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely: - “Provided that this condition shall not apply in case of an exporter mentioned in clause (a) of sub-section (1) of this section.”;

(18) in section 164A, in the marginal note, for the words “Payment of tax collected or deducted by SWAPS agents”, the words “Settlement of transactions liable to Withholding Tax by SWAPS agents” shall be substituted;

(19) in section 168, in sub-section (3), after omitted clause (j), the following new clause shall be added, namely: - “(k) sub-section (7) of section 236Z.”;

(20) in section 169, in sub-section (1), in clause (b), after the expression “156A or”, the expression “sub-section (7) of section 236Z” shall be inserted;

(21) in section 218, in sub-section (2), in clause (b), the word “or” occurring at the end shall be omitted;

(22) after section 230I, the following new section shall be inserted, namely: - “230J. International Centre of Tax Excellence. - (1) There shall be established an Institute to be known as International Centre of Tax Excellence.

(2) The functions of the Institute shall be to help contribute to the development of tax policy, prepare model national tax policy, deliver interdisciplinary research in tax administration and policy, international tax cooperation, revenue forecasting, conduct international seminars, workshops and conferences on the current issues faced by tax authorities in the field of international taxation, capacity building of Inland Revenue Officers, tax analysis, improve the design and delivery of tax administration for maximising revenue within existing provisions to close the tax gap or any other function as directed by the Board or the Federal Government.

(3) There shall be a Nominating Committee comprising the Minister-in-Charge, Secretary Revenue Division and Secretary Finance which shall be responsible for recommending a panel to the Federal Government for the appointment of an Executive Director and independent members of the Executive Committee.

(4) There shall an Executive Committee comprising Chairman, Federal Board of Revenue, Member (IR-Policy), Member (IR-Operations) and two independent members to be appointed by the Federal Government. Executive Director shall act as Secretary of the Executive Committee.

(5) The Nominating Committee shall apply the prescribed criteria for making recommendations of the panel for Executive Director and independent members of the Executive Committee.

(6) Executive Director and independent members of the Executive Committee shall be appointed by the Federal Government.

(7) Executive Director shall also be the Chief Executive of the Institute and shall work to ensure efficient functioning and day to day administrative functions of the Institute and shall be independent in the discharge of its functions specified under sub-section (8).

(8) Executive Committee, for every fiscal year, shall assign the requirements of the Board to be undertaken by the Institute, during the year.

(9) The Executive Committee shall prescribe rules for recruitment of the employees of the Institute and Executive Director shall act in accordance with the rules. At least fifty per cent of the employees shall be serving Inland Revenue officers having at least 5 years of experience of tax policy or tax administration.

(10) The remuneration and term of employment of the employees of the Institute shall be as prescribed by the Federal Government.

(11) The Board may establish a committee to monitor the establishment of the Institute including appointment of the Project Director for the purpose.

(12) The Board may, provide such data to the Institute as is necessary for processing and analysis and for discharging its obligations under sub-section (8):

Provided that such data shall be anonymized before transmission to the Institute and identifying particulars of the taxpayers shall be kept confidential and provisions of sub-section (7) of section 216 shall apply accordingly.

(13) The Executive Committee may by notification in the official gazette make rules for carrying out the purposes of this section.”;

(23) after omitted section 231AA, the following new section shall be inserted, namely: - “231AB. Advance tax on cash withdrawal. - (1) Every banking company shall deduct advance adjustable tax at the rate of 0.6% of the cash withdrawal from a person whose name is not appearing in the active taxpayers’ list on the sum total of the payments for cash withdrawal in a day, exceeding fifty thousand rupees. Explanation. - For removal of doubt, it is clarified that the said fifty thousand rupees shall be aggregate cash withdrawals in a single day.”;

(24) after section 231B, the following new section shall be inserted, namely: “231C. Advance tax on foreign domestic workers. - (1) Any authority issuing or renewing domestic aide visa to any foreign national as a domestic worker at the time of issuing or renewing such visa shall collect from the agency, sponsor or the person as the case may be, employing the services of such foreign national a tax of two hundred thousand rupees.

(2) The tax collected or collectible under this section shall be adjustable advance tax for the tax year to which it relates on the income of such agency, sponsor or a person, as the case may be, employing the services of such foreign national.”;

(25) in section 236C, -

(a) in sub-section (1), for the words “Any person”, the expression “Subject to sub-section (2A), any person” shall be substituted;

(b) after sub-section (2), the following new sub-section (2A) shall be inserted, “(2A) Notwithstanding anything contained in any other law, for the time being in force, any person responsible for registering, recording or attesting transfer of any immovable property shall not register, record or attest transfer unless the seller or transferor has discharged its tax liability under section 7E and evidence to this effect has been furnished to the said person in the prescribed mode, form and manner.”;

(26) after section 236Y, the following new section shall be inserted, namely: “236Z. Bonus shares issued by companies. - (1) Notwithstanding anything contained in any law for the time being in force, every company, issuing bonus shares to the shareholders of the company, shall withhold ten percent of the bonus shares to be issued.

(2) Bonus shares withheld under sub-section (1) shall only be issued to a shareholder, if the company collects from the shareholder, tax equal to ten percent of the value of the bonus shares issued to the shareholder including bonus share withheld, determined on the basis of day-end price on the first day of closure of books in the case of listed company and the value as prescribed in case of other companies.

(3) Tax under sub-section (2), shall be deposited by the company, within fifteen days of closure of books, whether or not tax has been collected by the company under sub- section (2).

(4) A company liable to deposit tax under this section shall be entitled to collect and recover the tax deposited from the shareholder, on whose behalf the tax has been deposited, before the issuance of bonus shares.

(5) If a shareholder neither makes payment of tax to the company nor collects its bonus shares, within fifteen days of the date of issuance of bonus shares, the company may proceed to dispose of its bonus shares to the extent it has paid tax on its behalf under this section.

(6) Issuance of bonus shares shall be deemed to be the income of the shareholder and the tax collected by a company under this section or proceeds of the bonus shares disposed of and paid under this section shall be treated to have been paid on behalf of the shareholder.

(7) Tax paid under this section shall be final tax on the income of the shareholder of the company arising from issuing of bonus shares.”;

(27) in the First Schedule, - (A) in Part I, -

(1) in Division I, -

(a) in clause (1), for the Table, the following shall be substituted, “TABLE

0% not exceed Rs. 600,000/- Where taxable income exceeds exceed Rs. 1,200,000 800,000 1,200,000 2,400,000 3,000,000 ”;

(b) in clause (2), for the Table, the following shall be substituted,

0% exceed Rs. 600,000/- Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. amount exceeding 2,400,000 Rs. 1,200,000 Rs. 2,400,000 Rs. 3,600,000 ”;

(1A) in Division IIB, for the Table, the following shall be substituted, “Table onwards 1. Where income does not exceed Rs. 0% of the 0% of the 2. Where income exceeds Rs. 150 1% of the 1% of the million 3. Where income exceeds Rs. 200 2% of the 2% of the million 4. Where income exceeds Rs. 250 3% of the 3% of the million

Rs. 500 million

(1B) in Division VII, in the first proviso, for paragraph (ii), the following shall be substituted, namely: - “(ii) the rate of 12.5% tax shall be charged on capital gain arising on disposal where the securities are acquired on or after the first day of July, 2013 but on or before the 30th day of June, 2022; and

(iii) the rate of 0% tax shall be charged on capital gain arising on disposal where the securities are acquired before the first day of July, 2013:”; (B) in Part II, in the Table, in column (1), against S. No. 3, in column (3), after the words “federal excise duty”, the expression “and 6% of the import value as increased by customs duty, sales tax and federal excise duty in case of a commercial importer:” shall be added; (B1) after omitted Part IIA, the following new Part IIB shall be inserted, namely: - “Part IIB Rates of Advance Tax [see sub-section (5C) of section 147] TABLE Hyderabad, Sukkur, Multan, Faisalabad, Urban Areas not specified in columns (2) and

(3) Mardan, Abbottabad, Quetta TAX ON PERSONS FALLING UNDER SECTION 147(5C)(i) FOR COMMERCIAL BUILDINGS ft. TAX ON PERSONS FALLING UNDER SECTION 147(5C)(i) FOR RESIDENTIAL BUILDINGS ft. 3000 and Rs. 125 per Sq. Rs. 110 per Sq. ft. Rs. 100 per Sq. TAX ON PERSONS FALLING UNDER SECTION 147(5C)(ii) Any size TAX ON PERSONS FALLING UNDER SECTION 147(5C)(ii) FOR DEVELOPMENT OF INDUSTRIAL AREA

Any size commercial and residential areas, respective rates mentioned above shall apply: constructing buildings on the same plots as one project, both rates shall apply.”; (C) in Part III, -

(1) in Division II, - “5.5%” shall be substituted respectively;

(ii) in paragraph (5), - expression “4%” shall be substituted; and expressions “8%” and “10%”, the expressions “9%” and “11%” shall be substituted respectively;

(iii) in paragraph (6), in sub-paragraph (ii), for the expression “7%”, the expression “8%” shall be substituted;

(2) in Division III, -

(i) in paragraph (1), in sub-paragraph (b), for the expressions respectively shall be substituted;

(ii) in paragraph (2), - expression “4%” shall be substituted; expressions “8%” and “10%”, the expressions “9%” and “11%” respectively shall be substituted; expressions “6.5%” and “7%”, the expressions “7.5%” and “8%” respectively shall be substituted.”;

(3) in Division IVA, in the Table, in column (1), in S. No.1, in column (3), after the word “proceeds”, the expression “for tax years 2024 up to tax year 2026” shall be added; and (D) in Part IV, -

(i) in Division VII, for clause (1), the following shall be substituted, 231B shall be as set out in the following Table: - Table

Provided that the value for the purpose of S. Nos. 7 to 9 of the above Table shall be in case of motor vehicle - increased by customs duty, federal excise duty and sales tax payable at import stage; Pakistan, the invoice value inclusive of all duties and taxes; or duties and taxes: Provided further that in cases where engine capacity is not applicable and the value of vehicle is Rupees five million or more, the rate of tax collectible shall be 3% of the import value as increased by customs duty, sales tax and federal excise duty in case of imported vehicles or invoice vehicles.”;

(ii) in Division VIII, in the proviso, after the word “auction”, the words Railways” shall be inserted;

(iii) in Divisions X and XVIII, for the expression “2%”, the expression “3%” shall be respectively substituted; and

(iv) in Division XXVII, for the expression “1%”, the expression “5%” shall be substituted;

(28) in the Second Schedule, - (A) in Part I, -

(i) in clause (66), in sub-clause (1), in Table 1, in column (1), after S. No column (2) shall be added, namely: - Earthquake and Other Calamities with effect on and from the 5th August, 2022. Trauma, Karachi ”; Technology

(ii) in clause (66), in sub-clause (2), in Table 2, in column (1), after S. No

(xlv) and entry relating thereto in column (2), the following new S.

(xlix) Punjab Bar Council

(l) Sindh Bar Council

(li) Shaheed Zulfikar Ali Bhutto Foundation (SZABF) ”;

(iii) in clause (145A), for the figure, “2023”, the figure “2024” shall be substituted;

(iv) in clause (150), after the word “Limited”, the words “and Alteraz Engineering Consultant” shall be inserted; and (C) in Part IV, -

(i) in clause (11A), after sub-clause (xlv), the following new sub-clause shall be added, namely: - “(xlvi) The Prime Minister’s Relief Fund for Flood, Earthquake and Other Calamities with effect on and from the 5th August, 2022.”;

(ii) clause (100) shall be omitted;

(iii) in clauses (109A) and (110), for the figure “2023”, the figure “2024” shall be respectively substituted;”; and

(iv) after clause (120), the following new clauses shall be added, namely: - “(121) The provisions of section 151 shall not apply to the Prime Minister’s Relief Fund for Flood, Earthquake and other calamities with effect on and from the 5th August, 2022. (122) The provisions of section 236 shall not apply on the amount donated through SMS to the Prime Minister’s Relief Fund for Flood, Earthquake and other calamities with effect on and from the 5th day of August, 2022. (123) The provisions of section 148 shall for a period of three months from the 1st day of December, 2022 not apply to goods required and imported for relief operation for flood affectees, duly certified by the National Disaster Management Authority or the Provincial Disaster Management Authority. (124) The provisions of section 148 shall not apply to tomato (PCT heading 0702.0000) and onion (PCT heading 0703.1000) imported till the 31st day of December, 2022.”;

(29) in the Fourth Schedule, after rule 6DA, the following new rule shall be added, “(6DB) The provisions of section 99D shall apply to the taxpayers under this Schedule.”;

(30) in the Fifth Schedule, in Part I, after rule 4AB, the following new rule shall be inserted, namely: - “(4AC) The provisions of section 99D shall apply to the taxpayers under this Schedule.”;

(31) in the Seventh Schedule, -

(a) in rule 7CA, for the figure “2022”, the figure “2023” shall be substituted;

(b) after rule 7CA, amended as aforesaid, the following new rule shall be added, “(7CB) The provisions of section 99D shall apply to the taxpayers under this Schedule.”

“(4) Profit on debt and capital gains from Federal Government’s sovereign debt or a sovereign debt instrument shall be exempt from tax chargeable under this Ordinance, derived by any non-resident banking company approved by the Federal Government under a sovereign agreement for the purpose of this sub-rule.

(5) The provisions of sub-rule (6A) of rule 6C shall not apply to a banking company for tax year 2024.”;

(32) in the Eighth Schedule, after rule 4, the following new rule shall be inserted, namely: - “4A. Computation, collection and payment of tax under section 4C. - In addition to capital gains tax, NCCPL shall also compute and collect tax under section 4C at the rates specified in Division IIB of Part I of the First Schedule on the amount of capital gains computed under this Schedule in the manner specified in this Schedule and rules made thereunder.”;

(33) in the Tenth Schedule, in rule 10, after omitted sub-rule (g), the following new sub- rule shall be inserted, namely: - “(ga) tax deducted under section 231AB;”.

(34) in the Thirteenth Schedule, in the Table, in column (1), after S. No 63 and entries relating thereto in column (2), the following new S. Nos. and entries relating thereto in column (2) shall be added, namely: - “64. The Prime Minister’s Relief Fund for Flood, Earthquake and Other Calamities with effect on and from the 5th August, 2022.

38. Alternative Dispute Resolution

(1) Notwithstanding any other provision of this Act, or the rules made thereunder, an aggrieved person in connection with any dispute pertaining to-

(a) the liability of duty of one hundred million rupees or above against the aggrieved person or admissibility of refund, as the case may be;

(b) the extent of waiver of default surcharge and penalty; or

may apply to the Board for the appointment of a committee for the resolution of any hardship or dispute mentioned in detail in the application, which is under litigation in any court of law or an appellate authority, except where criminal proceedings have been initiated.

(2) The application for dispute resolution shall be accompanied by an initial proposition for resolution of the dispute, including an offer of payment of duty.

(3) The Board may, after examination of the application of an aggrieved person, appoint a committee, within fifteen days of receipt of such application in the Board, comprising,-

(ii) Chief Commissioner Inland Revenue having jurisdiction over the case; and

(iii) person to be nominated by the registered person from a panel notified by the Board comprising -

(a) chartered accountants, cost and management accountants and advocates having a minimum of ten years’ experience in the field of taxation;

(b) officers of the Inland Revenue Service who stood retired in BPS 21 or above; or

(4) The Board shall communicate the order of appointment of committee to the aggrieved person, court of law or the appellate authority where the dispute is pending and the concerned Commissioner.

(6) The decision by the committee under sub-section (5) shall not be cited or taken as a precedent in any other case or in the same case for a different tax year.

(7) The recovery of duty payable by a registered person in connection with any dispute for which a committee has been appointed under sub-section (3) shall be deemed to have been stayed on the constitution of committee till the final decision or dissolution of the committee, whichever is earlier.

Provided that if the order of withdrawal is not communicated to the Commissioner within sixty days of the service of decision of the committee upon the aggrieved person, the decision of the committee shall not be binding on the Commissioner.

(10) The aggrieved person shall make the payment of federal excise duty and other taxes and within such time as decided by the committee under sub section (5) and all decisions and orders made or passed shall stand modified to that extent.

(12) The Board shall communicate the order of dissolution of the committee to the aggrieved person, court of law or the appellate authority and the Commissioner.

(13) On receipt of the order of dissolution of the committee, the court of law or the appellate authority shall decide the appeal within six months of the communication of said order.

(14) The Board may prescribe the amount to be paid as remuneration for the services of the members of the committee, other than the member appointed under clause (ii) of sub-section (3).

(15) The Board may, by notification in the official Gazette, make rules for carrying out the purposes of this section.

(4) in section 40, after sub-section (3), the following new sub-section shall be added, namely:- “(4) All rules made under sub-section (1) or any other provisions of this Act, shall be collected, arranged and published along with general orders and departmental instructions and rulings, if any, at appropriate intervals and sold to the public at reasonable price or may be placed regularly on the official website maintained by the Board.”.;

(5) in the First Schedule, in column (1),-

(a) in Table-I,- “(i) against serial number 8c, in column (4), for the expression “Rupees five thousand two hundred per kg”, the expression “Rupees sixteen thousand five hundred per kg” shall be substituted; and

(ii) against serial number 59, in column (4), for the word “Ten”, the word “Twenty” shall be substituted; and

(iii) after S. No. 59 and entries relating thereto in columns (2), (3) and (4), the following new S. Nos. and corresponding entries thereto shall be added, namely:- “60. Energy inefficient Respective Rupees two thousand fans both locally heading per fan with effect manufactured and from the 1st day of imported which do January, 2024 not comply with the MEPS, notified by

PSQCA

(b) in Table-II, in S. No. 11, in column (1) and entries relating thereto in columns (2), (3) and (4), the following shall be substituted, namely:- “Franchise services, royalty and fee Respective Ten percent of the

(6) in the Third Schedule, in column (1),-

(a) in Table-I, after S. No. 25 and entries relating thereto in columns (2) and (3), the following S. No. shall be added, namely:- “26. Imports or supplies made by, for or to a qualified Respective Schedule to the Foreign Investment (Promotion and Protection) Act, 2022 for the period as specified in the Second Schedule to the said Act.”.

(b) in Table-II, after S. No. 14 and entries relating thereto in columns (2) and (3), the following S. No. shall be added, namely:- “15. Services provided or rendered by, for or to a Respective (Promotion and Protection) Act, 2022 for the period Act.”.

Amendment of Public Finance Management Act, 2019, - In the Public Finance Management Act, 2019, the following further amendments shall be made, namely;-

(1) In Section 3, for the words, “fifteenth of April”, the words “tenth of May” shall be substituted;

(2) for section 28, the following shall be substituted, namely;- “28. Chief finance and accounts officer. - To assist principal accounting officers in financial management, there shall be chief finance and accounts officer posted in Ministries and Divisions as recommended by Finance Division to perform functions as notified and financial advisers’ organization shall stand disbanded.”.

(3) in section 29, for sub-section (1), the following shall be substituted, namely;- “29. Chief internal auditor. - (1) Within a period not exceeding eighteen months from the date of commencement of this Act, the position of chief internal auditor shall be created who shall work under the direct supervision of principal accounting officer. The appointment and functions of chief internal auditor shall be as determined by the Finance Division, from time to time.”.

(4) In Section 32, after sub-section (3), the following new sub-sections shall be added namely;- “(4) The legal framework of pay, allowances and retirement benefits may be promulgated through an Act of Parliament within a period not exceeding twenty- four months.

(5) The Finance Division, with the approval of the Government, shall establish pension fund by the end of the financial year 2023-24 to help discharge liabilities of the existing defined benefits pension scheme and new contributory pension scheme.

(6) The Finance Division, with the approval of the Government, may introduce a contributory pension scheme for new employees entering the Government service from a date approved by the Federal Government.”.

THE FIRST SCHEDULE [see section 4(16)] In the Customs Act, 1969 (IV of 1969), in the First Schedule, for the corresponding entries against “PCT Code”, “Description” and “CD%” specified in columns (1), (2), (3) and (4) appearing in chapter 1 to 99, the following corresponding entries relating to “PCT Code”, “Description” and “CD%” shall be substituted, namely: - “2501.0021 - - - - Pink rock salt 20 2815.1200 - - In aqueous solution (soda lye or liquid soda) 16 2849.1000 - Of calcium 11 2933.4950 - - - Moxifloxacin HCL 20 2933.5960 - - - Sitagliptin Phosphate Monohydrate 20 2933.5970 - - - Trimethoprim 20 4421.9950 - - - Wooden splints for matches 20 4008.1110 - - - Weather strips for doors, glass and luggage 35 compartments for Vehicles of heading 87.03 and vehicles of sub - heading 8704.3130, 8704.2190 and 8704.3190 except weather strip moulding (inner or outer) for glass 4008.1910 - - - Weather strips for doors, glass and luggage 35 compartments for Vehicles of heading 87.03 and vehicles of sub - heading 8704.3130, 8704.2190 and 8704.3190 except weather strip moulding (inner or outer) for glass 4008.2110 - - - Weather strips for doors, glass and luggage 35 compartments for Vehicles of heading 87.03 and vehicles of sub - heading 8704.3130, 8704.2190 and 8704.3190 except weather strip moulding (inner or outer) for glass 4008.2910 - - - Weather strips for doors, glass and luggage 35 compartments for Vehicles of heading 87.03 and vehicles of sub - heading 8704.3130, 8704.2190 and 8704.3190 except weather strip moulding (inner or outer) for glass 4009.1120 - - - Following components for vehicles of chapter 87:- 35

(1) Water hoses for engine cooling system and heater, air cleaner hoses and Brake oil reservoir hose for vehicles of heading 87.03 and vehicles of sub - heading 8704.2190, 8704.3130 and 8704.3190

(2) Hose side demister for vehicles of heading 87.03 4009.2120 - - - Following components for vehicles of chapter 87 35

(1) Water hoses for engine cooling system and heater, air cleaner hoses and Brake oil reservoir hose for vehicles of heading 87.03 and vehicles of sub - heading 8704.2190, 8704.3130 and 8704.3190

(2) Hose side demister for vehicles of heading 87.03

4009.3120 - - - Following components for vehicles of chapter 87 35

(1) Water hoses for engine cooling system and heater, air cleaner hoses and Brake oil reservoir hose for vehicles of heading 87.03 and vehicles of sub - heading 8704.2190, 8704.3130 and 8704.3190 4009.4120 - - - Following components for vehicles of chapter 87 35

(1) Water hoses for engine cooling system and heater, air cleaner hoses and Brake oil reservoir hose for vehicles of heading 87.03 and vehicles of sub - heading 8704.2190, 8704.3130 and 8704.3190

(2) Hose side demister for vehicles of heading 87.03 4016.9930 - - - Following component for vehicles of chapter 87:- 35

(1) Articles for mounting silencers, exhaust pipes and mufflers for vehicles of heading 87.03 and vehicles of sub-headings 8704.2190, 8704.3130 and 8704.3190;

(2) Floor mats, grommets for transfer box lever, exhaust pipe mountings, covers for pedals, bump stop and front cover for center tunnel, meant for industrial assembly / manufacture of vehicles of sub - heading 8703.3225

(3) Rubber cover for kick starter lever, foundation rubber for engine mounting, rubber bushings, rubber plugs, rubber insulators, packing rubber for wind screen, rubber mountings for silencer pipes bushes, boots, and mud flappers, meant for industrial assembly / manufacture of vehicles of sub - headings 8703.2115, 8704.3150 and 8703.8030

(4) Rubber cushions for bonnet for vehicles of heading 8704.2190 and 8704.3190

(5) Rubber cushions for bonnet, rubber drain plug, hole covers and pads / cushions for absorbing shock / noise in struts / suspensions, for vehicles of heading 87.03

(6) Rubber for bottom channel for holding window glass for motor cars of heading 87.03 and vehicles of sub - headings 8703.2113, 8703.2193, 8703.2195, 8703.2240 and 8704.3130

(7) Runs for glasses for motor cars of heading 87.03 and vehicles of sub - headings 8703.2193, 8704.2190 and 8704.3190

(8) Trim door opening and door moulding for door opening for motor cars of heading 87.03 and vehicles of sub - heading 8703.2113, 8703.2193, 8703.2195, 8703.2240 and 8704.3130 5703.2910 - - - Of a kind used in vehicles of heading 87.03 and 16 vehicles of sub-headings 8704.2190, 8704.3130, 8704.3190 (cut to size and shaped) 5703.3910 - - - Of a kind used in vehicles of heading 87.03 and 16 vehicles of sub-headings 8704.2190, 8704.3130, 8704.3190 (cut to size and shaped) 7007.1111 - - - - (1) Wind Screen, Rear and window glasses for 35 vehicles of sub -heading 8704.2190 and 8704.3190.

(2) Glasses for doors, glass plain, glass window (sliding), glass for rear door, glass for rear quarter window and glass for wind screen for vehicles of heading 87.03 7007.2111 - - - - (1) Wind Screen, Rear and window glasses for 35 vehicles of sub -heading 8704.2190 and 8704.3190.

(2) Glasses for doors, glass plain, glass window (sliding), glass for rear door, glass for rear quarter window and glass for wind screen for vehicles of heading 87.03 7009.1010 - - - Rear view mirrors for vehicles of heading 87.03, and 35 vehicles of sub-headings 8704.3130, 8704.3150, 8704.2190, 8704.3190, and vehicles of heading 87.11 8206.0010 - - - For vehicles of heading 87.03 and vehicles of 35 subheadings 8704.2190, 8704.3130, 8704.3150 and 8704.3190 8302.1010 - - - (1) Of a kind used in vehicles for doors, luggage 35 compartment, luggage compartment lid, seats, bonnet, rear deck for vehicles of 87.03 and vehicles of sub- heading 8704.2190, 8704.3130 and 8704.3190 (except sliding door hinges) 8302.3010 - - - (1) Latch assembly for hood/doors (manual type) of a 35 kind used in vehicles for doors, luggage compartment lid and bonnet, for motor cars of heading 87.03 and vehicles of sub-heading 8703.2113, 8703.2195, 8703.2240 ( except back door latches), 8704.2190, 8704.3130 and 8704.3190

(2) Grip bars/ assistants, grab rails and parts thereof for vehicles of heading 87.03 and vehicles of sub-headings 8704.3130 (except foamed type) 8704.2190 and 8704.3190

(3) Strikers for latches for vehicles of heading 87.03 and vehicles of sub-heading 8704.2190 and 8704.3190

(4) Window opening mechanism, rack and pinion type for vehicles of heading 87.03 and vehicles of sub- headings 8704.2190, 8704.3130 and 8704.3190

(5) Tail board fittings for vehicles of heading 87.11 8421.3110 - - - For vehicles of heading 87.03 (excluding wet type), 35 vehicles of sub-headings 8704.2190, 8704.3130, 8704.3150, 8704.3190 and vehicles of heading 87.11 (other than foam type) 8544.6010 - - - For a voltage exceeding 1,000 V but not exceeding 20 72,000 V 8507.1010 - - - Meant for vehicles of heading 87.03, vehicles of 35 subheadings 8704.2190, 8704.3130, 8704.3150, 8704.3190 and vehicles of heading 87.11 8512.2010 - - - Following components of motor vehicles; (1) Head 35 light for vehicles of sub-headings 8703.2115, 8703.2260, 8703.2313, 8703.2323, 8703.3223, 8703.3225, 8704.3150 and vehicles of heading 87.11

(2) Lamp assembly, front turn signal for motor cars of heading 87.03 (not exceeding 1200cc), vehicles of subheadings 8703.2113, 8703.2115, 8703.2193, 8703.2195, 8703.2240, 8703.3225, 8703.8030, 8704.3130, 8704.3150, 8704.3190 and vehicles of heading 87.11

(3) Lamp assembly for luggage compartment for vehicles of heading 87.03

(4) Lamp assembly for illuminating license plate for vehicles of heading 87.03 and vehicles of sub-headings 8704.2190, 8704.3130 and 8704.3190;

(5) Rear combination lamp / back up lamp / rear turning indicator / plough lamps / reverse light / parking light for motor cars of heading 87.03, vehicles of subheadings 8703.2113, 8703.2115, 8703.2195, 8703.2240, 8703.3225, 8703.8030, 8704.3130, 8704.3150, 8704.3190 and 87.11;

(6) Lamp assembly, side body turning indicator for vehicles of heading 87.03 and vehicles of sub-headings 8704.3130, 8704.3150 and 8704.3190;

(7) Turn flasher assembly for motor cars of heading 87.03 and vehicles of sub-heading 8703.2115, 8703.8030 and 8704.3150 winking devices for vehicles of heading 87.11

(8) Car ceiling lamp/room lamp for vehicles of heading 87.03 and vehicles of sub-heading 8704.2190, 8704.3130 and 8704.3190 8512.4010 - - - (1) Wiper arm and blade assembly for vehicles of 35 heading 87.03 and vehicles of sub-heading 8704.2190 and 8704.3190;

(2) Link assembly for wiper arm and blade for vehicles of heading 87.03 and vehicles of subheadings 8704.2190, 8704.3130 and 8704.3190 8517.6280 - - - Smart Watches 16 8536.5021 - - - - (1) Ignition switches without combination steering 35 lock for motor cars of heading 87.03 (not exceeding 800 cc)

(2) Ignition switches (with or without combination lock) and handle switch assembly for vehicles of heading 87.11

(3) Switch assembly combination and ignition switch assembly for vehicles of heading 8703.2113, 8703.2195, 8703.2240, 8704.3130 and 8704.3190;

(4) Door switches for interior lamp for motor cars of heading 87.03 and vehicles of sub -heading 8704.2190 and 8704.3190 8544.3011 - - - - Wiring sets and cable sets for vehicles of heading 35 87.03 and vehicles of sub-headings 8704.2190, 8704.3130, 8704.3150, 8704.3190 and vehicles of heading 87.11 8544.4221 - - - - Wiring sets and cable sets for vehicles of heading 35 87.03 and vehicles of sub-headings 8704.2190, 8704.3130, 8704.3150, 8704.3190 and vehicles of heading 87.11 8708.1020 - - - (1) Following components for vehicles of heading 35 87.03

(i) Front and Rear Bumper and parts thereof

(ii) Member/reinforcement for bumpers

(iii) Side supports / stay/ bracket for bumpers

(2) Front bumper and parts thereof for vehicles of sub - headings 8704.2190, 8704.3130, 8704.3150 and 8704.3190 8708.2110 - - - For vehicles of heading 87.03 and vehicles of 35 subheadings 8704.2190, 8704.3130 and 8704.3190 8708.2931 - - - - (A) Following components for motor cars of heading 35 87.03

(1) Air outlet assembly

(2) Anchor for spare tyre and parts thereof

(3) Apron assembly for front fender and parts thereof

(10) Compartments for floor, rear floor sides, plates side sills for floor, side lockers for floor

(12) Cover assembly for spare wheel and parts thereof (hard board type) thereof

(16) Cross member/ member front lower, front hood (for vehicles up to 1200cc) exceeding 800cc)

(18) Door checker/ stopper assemblies and parts thereof

(24) Engine under covers (dust/ mud/ splash protectors) exceeding 800cc)

(28) Front floor panels (for vehicles not exceeding1200cc)

(30) Front radiator grill (non plated) and parts thereof chrome plated

(33) Heat insulators/ baffles for floor insulation from exhaust pipe

(34) Heating/demisting/ventilation/ defrosting air ducts and nozzles

(36) Inner panel for windshield header/ rail roof / frame roof assembly (front/ rear) and parts thereof thereof (for vehicles not exceeding 1200cc)

(43) Luggage door and parts thereof (hatch back type) (for vehicles not exceeding 800cc)

(44) Member assembly front side with or without apron and parts thereof (for vehicles not exceeding 800cc) exceeding 800cc)

(48) Member tail end (for vehicles not exceeding 800cc)

(50) Pan rear floor and parts thereof (for vehicles not exceeding 1200cc)

(51) Panel assembly for head lamp support/ mounting and parts thereof

(52) Panel assembly for rear combination lamp mounting and parts thereof

(54) Panel dash ( sheet metal) (for vehicles not exceeding 1200cc)

(55) Panel dash side (for vehicles not exceeding 1200cc)

(56) Panel front fenders (for vehicles not exceeding 1200cc)

(57) Panel grill lower (for vehicles not exceeding 800cc)

(58) Panel hood assembly and parts thereof (for vehicles not exceeding 1200cc)

(59) Panel/ Trim assembly for doors and parts thereof except retainers/ clips

(60) Panels rear wheel housing inner) and parts thereof (for vehicles not exceeding 1200cc)

(61) Panels door Inner and outer (sheet Metal) front, rear and back (for vehicles not exceeding 800cc)

(62) Panels for cowl and parts thereof, (for vehicles not exceeding 1200cc)

(63) Panels for partition and support to package tray trim / and parts thereof

(64) Panels rear wheel housing inner and outer) and parts thereof (for vehicles not exceeding 800cc)

(65) Panels side body (for vehicles not exceeding 800cc) classifiable under chapter 90 (excluding foamed parts and registers/ louvers)

(68) Rails for center roof and reinforcements, assemblies and parts thereof

(69) Rails for roof side and reinforcements, assemblies and parts thereof (for vehicles upto 1200cc)

(73) Rod/stay/prop for hood support assembly and parts thereof

(74) Roof head lining (except those meant for sunroof)

(75) Roof panel complete (for vehicles not exceeding 800cc)

(78) Side member assemblies for rear floors and parts thereof

(79) Side members/ reinforcement for main floor and parts thereof

(80) Side sill panel assemblies for main floor, and parts thereof

(81) Silencer/ insulation sheets inner) for dash panel

(82) Sound deadening/ insulation/ silencer sheets for floor

(85) Torsion bars for hinges of luggage compartment

(87) Upper front member for hood latch (for vehicles not exceeding 1200cc) assembly and parts thereof

(B)Following components for vehicles of sub-heading 8703.2113, 8703.2195, 8703.2240

(3) Battery trays, clamps, bands, box and parts thereof

(9) Cross member assemblies for floor and parts thereof

(13) Engine under cover(dust, mud, splash protectors)

(18) Frame roof front/ plate side and parts thereof

(23) Handles, inside pull and parts thereof, except sliding door handles

(24) Handles, outside and parts thereof, except sliding door handles

(35) Panel/ trim assembly for doors and parts thereof except retainers/ clips

(36) Panels for rear wheel housing (inner) and parts thereof

classifiable under Chapter 90( excluding foamed parts and lid glove box)

(45) Side member assemblies for floor and parts thereof (C) Following components for vehicles of sub- heading 8703.2193

(18) Panel/ Trim assembly for doors and parts thereof except retainers/ clips thereof

(21) Sound deadning/ insulation/ silencer sheets for floor

(D) Following components for SUV vehicles of heading 87.03:

(7) Dust cover assembly and parts thereof, for gear change / control lever

(12) Gear box cover assembly for dust / mud protection opening

(E) Parts and accessories of bodies (including cabs) for vehicles of sub - heading 8703.2115 and 8703.8030 (F) Following components for vehicles of sub - heading 8703.3225 instrument panel) and parts thereof

(5) Check link cover (strap) for internal door hinge

(18) Hood sticks and parts thereof for soft top mounting

(21) Lid assembly for locker / storage and parts thereof

(28) Shedder assembly (PE plastic sheet type) for door insulation 8708.3020 - - Following components for vehicles of heading 87.03 35

(1) Brake pedal box assembly and parts, top cover for brake pedal (sheet metal), hand brake lever assembly and parts and brake pipes of vehicles of sub - heading 8703.3225

(2) Brake tubes, pipes and their covers of vehicles of heading 87.03

(3) Brakes and parts thereof (excluding brake master cylinder / pump, actuator and strut) and Mounted brake linings for vehicles of sub heading 8703.2115 and 8703.8030.

(4) Cable parking brake and parts thereof, of motor cars of heading 87.03 and vehicles of sub-heading 8703.2113, 8703.2195 and 8703.2240;

(5) Disc/ drum brake of motor cars of heading 87.03 and vehicles of sub-headings 8703.2113, 8703.2193, 8703.2195 and 8703.2240

(6) Dust Cover for brake disc of motor cars of heading 87.03 and vehicles of sub-heading 8703.2193

(7) Lever parking brake assembly and parts thereof, of vehicles of heading 87.03 and vehicles of sub-headings 8703.2113, 8703.2193, 8703.2195, 8703.2240, 8703.2260, 8703.2313, 8703.2323 and 8703.3223

(8) Brake Pedal and housing assembly and parts thereof for motorcars of sub-headings 87.03 and 8703.2193

(9) Brake Pedal assembly and parts thereof; Parking brake cable and parts thereof for SUVs vehicles of 87.03 8708.7010 - - - Road wheels (excluding casted), rims discs, caps, 35 ornaments and weights for vehicles of heading 87.03 and vehicles of sub-headings 8704.2190, 8704.3130, 8704.3150 and 8704.3190 8708.9120 - - - Radiator other than aluminum core for vehicles of 35 heading 87.03 and vehicles of sub-headings 8704.2190, 8704.3130, 8704.3150, 8704.3190 and 8703.3225 8708.9210 - - - Silencers, mufflers and exhaust pipes for vehicles of 35 heading 87.03 and vehicles of sub-headings 8704.2190, 8704.3130, 8704.3150, and 8704.3190 8708.9930 - - - For the vehicles of heading 87.03: 35 (A) Following components for motor cars of heading 87.03

(1) Air cleaner housing assembly and parts thereof

(2) Arms for fan belt adjusting

(3) Bracket for generator

(4) Bracket for holding jack (5)Bracket for jacking

(6) Bracket for stabilizing bar (for vehicles upto 1200cc)

(10) Cable for heater / air vent control and parts thereof (for vehicles upto 800cc)

(11) Cable for hood latch release and parts thereof

(13) Cables for opening trunk latch and parts thereof

(16) Engine mounting brackets (sheet metal and cast iron, non rubberised)

(23) Gear shift control rods/ transmission cables (manual type)

(24) Heater unit (using engine heat) and parts thereof

(26) Lever gear shift control and parts thereof (manual) accelerator and parts thereof)

(34) Reserve tank and hose assembly for radiator tank and parts threreof

(35) Seat track adjuster without reclining mechanism 8703.2113, 8703.2195 and 8703.2240

(10) Brake fluid reservoir assembly and parts thereof

(11) Cable assembly for accelerator and parts thereof

(13) Engine mounting brackets (sheet metal and cast iron, non rubberised), excluding front mount bracket.

(21) Plates, seats, hangers, spring shackle(inner/ outer) bump stoppers, for use with leaf springs

(22) Reserve tank and hose assembly for radiator water and parts thereof (C) Following components for vehicles of sub- heading 8703.2193

(2) Engine mounting brackets (sheet metal and cast iron, non rubberised) accelerator and parts thereof

(9) Plates, seats, hangers, shackles (inner/ outer), stop rear bump, bumper rear spring and pad for leaves for use with leaf spring assemblies

(10) Reserve tank and hose assembly for radiator water and parts thereof

“(D) Following components for SUV vehicles of heading 87.03

(1) Bands / protective blankets / brackets for fuel tank.

(7) Brackets for mounting power steering tank, power steering pump and power steering oil reservoir

(9) Brackets for mounting silencers / mufflers / exhaust pipes

(10) Brackets for mounting suspension (sheet metal)

(13) Brackets for release mechanism for hood opening

(23) Pedal Assembly for accelerator and parts thereof

(29) Spare wheel carrier assembly and parts thereof (E) Following components for vehicles of sub heading 8703.2115 and 8703.8030

(11) Fuel tank assembly and parts thereof; cap fuel tank (F) Following components for vehicles of sub - heading 8703.3225

(32) Spare wheel carrier assembly and parts thereof

(36) Top plate (plate grommet) for gear change assembly

(38) Towing ring recovery and lashing assembly and parts thereof

(39) Underside protection bar assembly for propeller shaft 9401.2010 - - - For vehicles of heading 87.03 and vehicles of sub- 35 headings 8704.2190, 8704.3130, 8704.3150 and 8704.3190 9401.9910 - - - Seat parts made of foam, head/arm rests and seat 35 frames for vehicles of heading 87.03 and vehicles of subheadings 8704.2190, 8704.3130, 8704.3150 and 8704.3190 Services provided or rendered by hotels, marriage halls, lawns, clubs and caterers.

Services provided or rendered by marriage halls and lawns

Services provided or rendered by caterers, suppliers of food and drinks Ancillary services provided or rendered by hotels, restaurants, marriage halls, lawns, caterers Services provided or rendered by persons authorized to transact business on behalf of others.

9905 Imports by Dignitaries of UAE, Qatar, Bahrain and 0” Kingdom of Saudi Arabia: Household articles and personal effects including vehicles Pakistan, imported by the rulers and following dignitaries conditions mentioned in sub-chapter notes: - Dignitaries of UAE President of UAE and Ruler of Emirates of Abu Dhabi. 2. H.H. Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs of UAE. 3. H.H.Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crow Prince of Abu Dhabi 4. H.H. Sheikh Hazza Bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi. Ruler of Abu Dhani Chamberlain of the Presidential Court of UAE, Abu Dhabi and Member of Ruling Family of UAE. Member of the Ruling Family of UAE. 8. H.H. Sheikh Nahyan Bin Mubarak Al Nahyan, Member Culture, Youth, Social and Knowledge Development as well as Minister of Tolerance. 9. H.H. Sheikh Sultan Bin Hamdan Bin Mohammed Al Nahyan, Member of Ruling Family of UAE. Member of the Ruling Family of Abu Dhabi. 11.H.H. Sheikh Rashid Bin Khalifa Bin Saeed Al Maktoum, Member of the Ruling Family of Dubai. 12.H.H. Sheikh Saeed Bin Zayed Bin Sultan Al Nahyan,

Member of the Ruling Family of UAE. 13. H.H. Sheikh Hamdan Bin Zayed Al Nahyan, Representative of the President of the UAE Western Region and Member of Ruling Family of Abu Dhabi. 14.H.H. Sheikh Mohammad Bin Rashid Al Maktoum, Prime Minister/Vice President of UAE and Ruler of Dubai. 15.H.H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Emirates of Dubai and Member of the Ruling Family of UAE. 16. H.H. Maj. Gen. Sheikh Ahmed Bin Rashid Al Maktoum, Member of the Ruling Family of UAE and Deputy Chairman of Dubai Police and Public Security. 17. H.H. Maj. Gen. Sheikh Nahyan Bin Zayed Al Nahyan, Commander of Royal Guard and Member of the Ruling Family of UAE. 18. H.H. Sheikha Fatima Bin Mubarak, Member of the Ruling Family of UAE. 19. H.H. Dr. Sheikh Sultan Bin Khalifa Bin Zayed Al- Nahyan, Advisor of the President of UAE and Member of the Ruling Family of UAE. 20. H.H. Maj. Gen. Sheikh Al Mur Bin Muktoum Bin Juma Al Maltoum, Member of the Ruling Family of UAE. Dignitaries of Bahrain: 1. H.E. King Hamad Bin Isa Al-Khalifa. 2. Lt. Gen. Sheikh Mohamed Bin Isa Bin Salman Al- Khalifa. 3. H.E. Shaikh Ahmed Bin Ali Bin Abdullah Al Khalifa, Member of Ruling Family & First Cousin of His Majesty, the King of the Kingdom of Bahrain Dignitaries of Qatar: 1. H.H. Sheikh Tamim Bin Hamad Al-Thani, the Emir of the State of Qatar. 2. H.H. Sheikh Hamad Bin Khalifa Al-Thani, the Father of the Emir of the State of Qatar. 3. H.H. Sheikh Mohammd Bin Abdul Rahman Bin Jassim, Prime Minsiter of the State of Qatar. 4. H.E. Sheikh Mohammad Bin Khalifa Al-Thani, Former Deputy Prime Minister of the State of Qatar. 5. H.E. Sheikh Hamad Bin Jassim Bin Jabr Al-Thani, Former Prime Minister & Former Foreign Minister. 6. H.E. Sheikh Mohammad Bin Faisal Al-Thani. 7. H.E. Sheikh Ali Bin Abdullah Al-Thani. 8. H.E. Sheikh Falah Bin Jassim Bin Jabr Al-Thani. 9. H.E. Sheikh Faisal Bin Khalifa Kh. A. Al-Thani. 10.H.E. Sheikh Abdullah Bin Jassim Al-Thani. 11. H.E. Sheikh Faisal Bin Jassim Al-Thani. 12. H.E. Sheikh Faisal Bin Nasser Al-Thani. Dignitaries of Kingdom of Saudi Arabia: 1. His Royal Highness Prince Fahad Bin Sultan Bin Abdul Aziz Al-Saud, Governor of Tabuk of Kingdom of

Saudi Arabia 2. His Royal Highness Prince Mansour Bin Mohammad Bin S. Bin Abdul Rahman Al-Saud 3. HRH Prince Mutaib Bin Mohammad Al Saud, Member of Royal Family of Saudi Arabia. i. A complete list of all vehicles showing name of the owner, details of imports and present custodian etc. shall be provided by UAE/Qatar/Bahrain/Saudi Arabia Ambassador. ii. The list shall be updated every six months i.e. on 31st July and 31st January to show status as on 1st July & 1st January. iii. UAE/Qatar/Bahrain/Saudi Arabia Rulers must make and disclose alternate arrangements for maintenance of their fleet by their employees and not by any Pakistani posing as their agents or authorized representatives. iv. UAE/Qatar/Bahrain/Saudi Arabia Embassy should undertake that no Pakistani will be allowed use of their duty free vehicles and that they will abide by the true spirit in which this concession is available to the UAE/Qatar/Bahrain/Saudi Arabia Rulers. v. In order to avail the duty concession, an exemption certificate to this effect shall be issued by the Ministry of Foreign Affairs, Government of Pakistan. vi. On the recommendations of Ministry of Foreign Affairs, FBR may issue exemption certificate to any dignitary, not listed above under this PCT Code. ___________ TAHIR HUSSAIN secretary

65. Film and Drama Finance Fund.” ; 8. Amendments of the Federal Excise Act, 2005

In the Federal Excise Act, 2005, the following amendments shall be made, namely:-

(1) in section 3, in sub-section (1),-

(i) in clause (c), the word “and” occurring at the end, shall be omitted;

(ii) in clause (d), after the semi colon at the end, the word “and” shall be added; and

(iii) after clause (d) as amended above, the following new clause (e) shall be added, namely:- “(e) any item not covered in clause (a) to (d) above and specified in the First Schedule.”;

(2) in section 29, in sub-section (2),-

(i) in clause (b), the word “and” occurring at the end shall be omitted; and

(ii) in clause (c), for the full stop at the end, a semi colon and word “and” shall be added and thereafter the following new clause shall be added, namely:- “(d) the Directorate General of Digital Initiatives shall consist of a Director General and as many Directors, Additional Directors, Deputy Directors and Assistant Directors and such other officers as the Board may, by notification in the official Gazette, appoint.”;

(3) for section 38, the following shall be substituted, namely:-