THE EIGHTH SCHEDULE

(See Part I of the First Schedule)

RATES OF TAX ON INCOME FROM EXPORT OF GOODS

 

The rate of tax payable under sections 80CC, 80CD and sub-sections (5A) and (5AAB) of section 50, in respect of income of a person (being a resident), from export of goods shall be --

Where the income pertains to exports covered under:

 

The rate
(a) Part I

0.75% of such income or the rate as prescribed by the Central Board of Revenue.
(b) Part II

1.0% of such income or the rate as prescribed by the Central Board of Revenue.
(c) Part III

1.25% of such income or the rate as prescribed by the Central Board of Revenue.

   

Part I       Specified Goods manufactured in Pakistan

Part II     Goods manufactured in Pakistan

Part III     Goods not covered by Part I and Part II 

 

PART I

(Specified goods manufactured in Pakistan)

 

S. No.

Description

   1.

Leather and textile made ups

   2.

Engineering goods including electrical goods.

   3.

Goods specified under heading No. 90.18 of the Fifth Schedule to the Customs Act, 1969 (IV of 1969).

   4.

Jewellery, pharmaceuticals, sports goods, toilet linen, including terry towels, durries, horticulture products.

   5.

Ceramic tiles and wares.

   6.

Cutlery.

   7.

Engineering goods manufactured in Pakistan as specified in Import of Engineering Goods (Control) Order, 1983.

   8.

Wooden furniture and wooden doors and windows.

   9.

Goods specified in the following table:

 

TABLE

S.No.

Goods specified under Chapters, Heading and Sub-Heading Nos. of the Pakistan Custom Tariff.

Description

(i)

42.05

Other articles of leather.

(ii)

57.01

Hand-knotted carpets and rugs.

(iii)

61.01

Man and boys overcoats, jackets knitted or crocheted.

(iv)

61.02

Women and girls overcoats, jackets knitted or crocheted.

(v)

61.03

Men and boys suits, jackets, trousers, shirts knitted or crocheted.

(vi)

61.05

Men and boys shirts knitted or crocheted.

(vii)

61.06

Women and girls blouses, shirts knitted or crocheted.

(viii)

61.09

T-shirt knitted or crocheted.

(ix)

61.12

Track suits, swim wear knitted or crocheted.

(x)

63.01,2000,3000,4000

Blankets, wool, cotton and MMF.

(xi)

63.02

Bed linen, table linen and kitchen linen.

 

  10.

The rates of tax under this part is applicable to vegetables, fresh fruits and cut flowers also.

 

PART II

(Goods manufactured in Pakistan)

S. No.

Description

   1.

Export of goods manufactured in Pakistan subject to other provisions of this Schedule.

   2.

(i)   Refined/treated salt

(ii)  Ground barytes

(iii) Granite blocks and slabs

(iv) Heat insulating bricks

(v)  Magnesite refractory

   3.

Sale in Pakistan of goods manufactured in Pakistan against an international tender, where the contract under which such sale is made is approved by the Commissioner of Income Tax.

 

 

PART III

(Goods not covered by Part I and Part II)

S. No.

Description

   1.

All other goods not covered under Part I and Part II of this Schedule;

   2.

The following goods or class of goods, produced or manufactured in Pakistan, namely:

(i)   raw cotton;

(ii)  rice;

(iii) rice bran;

(iv) wheat bran;

(v)  lamb skin; and

(vi) Cotton yarn; and

   3.

Such other goods as may be notified by the Central Board of Revenue.

 

GENERAL        

M. ZIA-UL-HAQ,  

President.         

 

 

K. M. A. SAMADANI,

Secretary.