Skip to main content

FBR notifies tax exemption for 61 items used in COVID-19 vaccines

fbr notification 61 items covid-19 vaccine tax exemption

KARACHI: The Federal Board of Revenue (FBR) has issued a notification for tax exemption on imports of 61 items used in the preparation of COVID-19 vaccines, ARY News reported on Friday.

The federal cabinet had earlier given approval to exempt imports of 61 items used in the preparation of COVID-19 vaccine from taxes and duties on November 17.

Sources told ARY News that the Federal Board of Revenue (FBR) took three days to issue the notification in this regards.

Read: PM Imran okays funds for advance purchase of Covid-19 vaccine

The tax exemption will ensure availability of necessary medical equipment to the hospitals besides expediting the preparation of the coronavirus vaccine and reducing its cost, sources added.

Federal Board of Revenue Notification

According to FBR officials, the importers will be given tax exemption till June 30 – 2021 to bring in the essential items related to the medication of novel coronavirus.

Earlier in the day, ARY News reported the lack of interest of the revenue board in duty-free imports of 61 items of COVID-19 vaccine despite getting approval from the federal cabinet.

Read: Local requirements behind US refusal to provide COVID-19 vaccine to Pakistan

The commerce ministry had also issued a statutory notification (SRO) regarding the items. Sources told ARY News that the FBR’s lack of interest is delaying the duty-free imports of the essential items which would be used for timely commencement of coronavirus vaccine and reducing its cost.

In another development today, the Economic Coordination Committee (ECC) approved a technical supplementary grant for the advance purchases of COVID-19 vaccines.

The Ministry of National Health Services Regulations and Coordination sought $150 million funds from the federal government for advance booking of COVID-19 vaccines, it was learnt earlier in the day.

The post FBR notifies tax exemption for 61 items used in COVID-19 vaccines appeared first on ARY NEWS.

Comments

Popular posts from this blog

K-Electric fined Rs2 mn over weak power supply system

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday imposed a fine of Rs2 million on the K-Electric. According to a statement issued by the power regulatory authority, the K-Electric was penalized over non-compliance of performance standards, particularly its failure to restore power supply within the prescribed time frame and to ensure the safety of public in Karachi. Quoting media reports, it said large swathes of Karachi remained without electricity due to the tripping of almost 700 feeders during rainy weather in June last year, which resulted in long power blackouts ranging from 24 hours to 48 hours in almost 50% areas of Karachi. Further, there were also reports of fatal injuries to some people owing to electrocution. The Nepra took notice of the situation in Karachi and directed the K-Electric to immediately provide a detailed report on the tripping of feeders and electrocution incidents along with preventive and corrective steps taken by K-Elec...

10 creepy celebrity wax statues

Waxworks of celebrities, sports persons and politicians such as Tom Cruise, Barack Obama and Christiano Ronaldo are admired by people all over the world. The craft requires taking careful and accurate measurements to create these wax statues, which are then polished and perfected to make for an exact replica. Madame Tussaud’s is one of the most famous museums in the world that displays wax statues, however, not all wax museums in the world craft flawless statues. Compiled from Cosmopolitan India , here is a list of the creepiest celebrity wax statues. Barack Obama PHOTO: COSMOPOLITAN David and Victoria Beckham PHOTO: COSMOPOLITAN Jennifer Aniston PHOTO: COSMOPOLITAN Beyonce’s wax statue sparks outrage Jennifer Lopez PHOTO: COSMOPOLITAN Justin Bieber PHOTO: COSMOPOLITAN Justin Timberlake PHOTO: COSMOPOLITAN Aamir Khan PHOTO: COSMOPOLITAN Katrina Kaif PHOTO: COSMOPOLITAN London’s Tussauds gets to work on Trump wax figure Selena Gomez PHOTO: C...

Accountability court hears assets case against Ishaq Dar

ISLAMABAD: An accountability court in Islamabad on Wednesday resumed the hearing of a reference filed against former finance minister Ishaq Dar by the National Accountability Bureau (NAB) for allegedly accumulating assets beyond his known sources of income.  Judge Muhammad Bashir is recording the statement of a prosecution witness, Ishtiaq Ahmed. At the previous hearing, the accountability judge had reserved his verdict on an application filed by two co-accused seeking acquittal in the case. Naeem Mehmood and Mansoor Rizvi, who are directors of Dar’s companies, had filed the application requesting the judge to exonerate them from all charges for want of evidence. Qazi Misbah, the counsel for the two co-accused, contended the prosecution has failed to provide compelling evidence to prove the allegations leveled against his clients. The third co-accused President National Bank of Pakistan (NBP), Saeed Ahmed, had already filed an application before the court for his acquittal wh...