Duties specified in the First Schedule to be levied (Section 3) means?

A. Subject to the provisions of this Act and rules made thereunder there shall be levied and collected in such manner as may be prescribed duties of excise on –

(i) Goods produced or manufactured in Pakistan

(ii) Goods Imported into Pakistan

(iii) Services provided in Pakistan including the services that originated outside but rendered in Pakistan

B. At the rate of fifteen percent advaloren except the goods and services specified in the first schedule

C. Which shall be charged to Federal excise duty as and at the rates set forth therein

D. All of these 

Post a Comment