NO NEW DISCRETIONARY POWERS GIVEN TO COMMISSIONERS THROUGH SRO 608(I)/2014 - FBR CLARIFIES

July 04, 2014

The news item captioned “FBR opens doors to corruption” published in a section of the press today on 04th of July, 2014 is not factually correct. Referring to SRO 608(I)/2014 dated 26.06.2014, it has been wrongly stated that Commissioners of Inland Revenue have been given extra discretionary powers.

The actual facts are that in accordance with the government’s policy to phase out the SRO regime, many concessions in existing SROs were either withdrawn or reduced in the Budget 2014-15. However, a limited number of concessions were continued due to their essential or socially sensitive nature, by way of transposition into the Fifth or Sixth Schedules to the Sales Tax Act, 1990. Since SRO 670(I)/2013 dated 18.07.2013 granted conditional zero-rating on sensitive items like milk, milk products, stationery items and bicycles, the government decided to continue the concession. This was done by transposing the Table of the SRO into the Fifth Schedule to the Sales Tax Act, 1990, while the conditions for availing zero-rating were incorporated into the Sales Tax Special Procedure Rules, 2007 through SRO 608(I)/2014.

It is therefore, clarified that no new discretionary powers have been granted to the Commissioners through SRO 608(I)/2014, but only the procedure and conditions already existing in SRO 670(I)/2013 were transposed into the Sales Tax Special Procedure Rules, 2007 through SRO 608(I)/2014.

Shahid Hussain Asad

Member (Policy-IR) / Official Spokesperson, FBR

 

NO NEW DISCRETIONARY POWERS GIVEN TO COMMISSIONERS THROUGH SRO 608(I)/2014 - FBR CLARIFIES

Collection of duties, taxes on 28th, 29th and 30th June, 2014

June 26, 2014

In order to facilitate the taxpayers in depositing their duties and taxes during the last few days of the current financial year, the State Bank of Pakistan, on request of FBR has decided to keep authorized branches of State Bank of Pakistan, National Bank of Pakistan, Commercial Banks and National Institute of Facilitation Technologies (NIFT) open for extended hours.

According to details, State Bank of Pakistan branches would remain open on 30th of June 2014 till 10:00pm. National Bank of Pakistan branches would remain open till 8:00pm on 28th and 29th June for collection of FBR taxes/duties and till 10:00 for cheque collection and 12:00 midnight for cash counters on 30th June 2014 (Monday) for government receipts and payments. Similarly, designated branches of Commercial Banks would remain open on 28th June 2014 (normal working hours) and 30th June 2014 until 10:00pm. NIFT will also remain available to collect and sort the clearing instruments deposited on 28th & 29th June 2014 from NBP. Two special clearings on Monday 30th June 2014 at 3:00pm and 10:00pm respectively have also been arranged besides normal clearings.

Besides the opening for extended hours of banks, arrangements have also been made to facilitate taxpayers in payment of Taxes / Duties and fulfill their national obligation. In this regard FBR has directed all its field formations to remain open on 28th and 29th June 2014 until 8:00pm and on 30th June 2014 until 12:00 midnight.

Shahid Hussain Asad

Official Spokesperson, FBR

Collection of duties, taxes on 28th, 29th and 30th June, 2014

Added some useful pages !

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Added some useful pages !

Garmin Forerunner 910XT GPS-Enabled Sport Watch

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Manufacturer Garmin	Brand Garmin	Size One Size	Model 010-00741-20	Color Black

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Features

• GPS-enabled training device for multisport athletes.


• Tracks time, distance, pace (or speed), elevation (via barometric altimeter) and heart rate.


• Can be used for swimming, running and cycling.


• Battery life up to 20 hours.


• Water resistant to 50m.

Description

You swim. You bike. You run. You obsess over data and details. So do we. And we’ve just perfected your new training partner. Forerunner 910XT is the only all-in-one, GPS-enabled device that provides detailed swim metrics and tracks distance, pace, elevation and heart rate¹ for running and cycling. It sports a sleek profile, comfy wristband and an easy-to-read display.

Dive In

Designed for open water and pool swimming, Forerunner 910XT is water resistant to 50 m (164 ft). It’s our first multisport watch to offer extensive swim metrics, including swim distance, stroke identification, stroke count and pool lengths. It also computes your swolf score to help you gauge your swimming efficiency. The 910XT’s robust design and easy operations make it suited for other water sports, including paddle boarding.

Because it’s GPS-enabled, Forerunner 910XT even captures the path you traveled so you can view it later on a map in our free online community, Garmin Connect™. This feature can help you analyze your open water swimming and adjust your technique as needed.

Transition Seamlessly

Whether you’re training or racing, every second counts, so the 910XT makes it easy and seamless to transition between sports. The auto multisport feature lets you switch sport modes with just 1 button press, so you don’t lose precious seconds in transition. The optional quick release mount allows you to move the 910XT easily from wrist to bike.

Try it Dry

On land, Forerunner 910XT offers many of the features of Garmin’s advanced cycling computers and sport watches to accurately capture your time, distance, speed or pace and more. The 910XT is our first multisport device to incorporate a barometric altimeter for highly accurate elevation data, including ascent, descent and grade. Configurable data fields let you customize multiple training pages for each sport. Set up vibration alerts to give a silent nudge when you hit a split, when it’s time to take nutrition or if you need a little feedback to stay within range of your goals. With these high-level features and up to 20 hours of battery life, the 910XT is ideal for athletes training for ultras or iron distance tris.

Take it to the Next Level

For advanced training, the 910XT is compatible with ANT+™ sensors, including the optional speed/cadence sensor for cycling or premium heart rate monitor (included with some models). You can pair the 910XT with an existing ANT+ heart rate monitor or purchase as an accessory. Track your weight, body fat, body water and six other measurements when using the 910XT with the Tanita BC-1000 body composition scale. The readings are stored on Forerunner 910XT, then automatically sent to Garmin Connect when in range of your computer.

And for those data-driven athletes, the 910XT also is compatible with ANT+ power meters, like Vector™, Garmin’s pedal-based power meter.

Plan, Analyze and Share

Make the most of every workout by uploading to Garmin Connect. Here, you can see your activity on a map and view detailed metrics. You also can use Connect to plan new routes, create and schedule custom workouts and explore activities from other users. Through the magic of ANT+ wireless technology and the tiny USB stick that comes with your 910XT, your workout data automatically transfers to your computer when in range. Mac® and PC compatible.

What"s in the Box:

• Forerunner 910XT


• USB ANT Stick™


• AC charger


• Charging clip


• Expander strap


• Manual

¹Although heart rate monitor may be worn in water, it will not transmit heart rate data while submerged.

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ZERO RATING ON POTATOES, TOMATOES OTHER VEGETABLES AND PULSES PROPOSED TO BE CONTINUED - FBR CLARIFIES

June 07, 2014

The news item captioned “New Budget concedes more to Qatari, Emirati Royals than Pakistanis” published in a section of the press today on 7th June is not based on facts. No new taxes have been proposed to be levied on potatoes, tomatoes and medical syringes. The existing zero rating on potatoes, tomatoes other vegetables and pulses have been proposed to be continued in the Finance Bill. Similarly, existing concessions on all pharmaceutical raw materials, products/drugs have been proposed to be maintained and no new duty & taxes have been proposed on medical syringes and glucose strips.

In Finance Bill, the government has proposed reduction of duty rate from 30% to 25% on items like food preparations, fruits, kitchen wares and electronic appliances etc .However, regulatory duty is proposed to be levied on high end consumer goods.

Further, the government has not proposed any new concessions for Qatar/ Emirates dignitaries in the Finance Bill. The existing concessions have been proposed to be maintained.

Shahid Hussain Asad

Member (Policy-IR) / Official Spokesperson, FBR

 

ZERO RATING ON POTATOES, TOMATOES OTHER VEGETABLES AND PULSES PROPOSED TO BE CONTINUED - FBR CLARIFIES

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