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MoC allows zero rating of sales tax on PVC, PMC material’s supply

MoC allows zero rating of sales tax on PVC, PMC material’s supply

ISLAMABAD: The ministry of commerce has allowed zero rating of sales tax on supply of PVC and PMC meterials from Export Processing ZOnes, Manufacturing Bonds and export oriented units.

The commerce ministry on Monday issued SRO 351(I)/2020 dated May 04, 2020 to amend Export Policy Order 2016 regarding supply of PVC and PMC materials.

According to the amendment: “… the export of PVC and PMC (HS Code 3901-3914) materials from the Export Processing Zones, manufacturing bonds and export oriented units shall be eligible for zero rating of sales tax.

Through the SRO the ministry also amended the negative list for export to Afghanistan.

The SRO omitted the entry of PVC and PMC from the third schedule of the Export Policy Order 2016.