Sales tax exemptions on imports or local supply ofImport and supply thereof, up to the year 2020, of ships 1[….] and all floating crafts including tugs, dredgers, survey vessels and other specialized crafts purchased or bare-boat chartered by a Pakistan e
Name of Incentive
Sales tax exemptions on imports or local supply ofImport and supply thereof, up to the year 2020, of ships 1[….] and all floating crafts including tugs, dredgers, survey vessels and other specialized crafts purchased or bare-boat chartered by a Pakistan e
Type of Incentive
GST Incentive
Ministry
Agency
Sector
Transport
Sub Sector
Product/Activity
Incentive Details
Description
Sales tax exemptions on imports or local supply of Import and supply thereof, up to the year 2020, of ships 1[….] and all floating crafts including tugs, dredgers, survey vessels and other specialized crafts purchased or bare-boat chartered by a Pakistan entity and flying the Pakistan flag, except ships or crafts acquired for demolition purposes or are designed or adapted for use for recreation or pleasure purposes, subject to the condition that such ships or crafts are used only for the purpose for which they were procured and in case such ships or crafts are used only for the purpose for which they were procured, and in case such ships or crafts are used for demolition purposes within a period of five years of their acquisition, sales tax applicable to such ships purchased for demolition purposes shall be chargeable.
Criteria for Consideration
Sales tax exemptions on imports or local supply ofImport and supply thereof, up to the year 2020, of ships 1[….] and all floating crafts including tugs, dredgers, survey vessels and other specialized crafts purchased or bare-boat chartered by a Pakistan entity and flying the Pakistan flag, except ships or crafts acquired for demolition purposes or are designed or adapted for use for recreation or pleasure purposes, subject to the condition that such ships or crafts are used only for the purpose for which they were procured and in case such ships or crafts are used only for the purpose for which they were procured, and in case such ships or crafts are used for demolition purposes within a period of five years of their acquisition, sales tax applicable to such ships purchased for demolition purposes shall be chargeable.
