CIRCULARS

 Ref: APNS/2010/47                                         February 17, 2010

 To:      All Periodical Member Publications.

            All Accredited Advertising Agencies.

 Sub:    S.R.O.  for Exemption of FED on Periodicals

 Dear Sirs,

 We are pleased to inform you that the Federal Board of Revenue, Revenue Division, Government of Pakistan, Islamabad has exempted the Federal Excise Duty on magazines / periodicals with immediate effect. The Notification of FBR is reproduced hereunder :

“S.R.O. 81(I)/2010.– In exercise of the powers conferred by sub-section (2) of section 16 of the Federal Excise Act, 2005, the Federal Government is pleased to:–

(a)        exempt the federal excise duty on advertisement in periodicals with immediate effect; and

(b)       direct that the federal excise duty collected from 1^st July, 2009 till the date of issuance of this Notification shall be deposited in the Government Treasury under the said Act.

[C. No. 1/2-STB/2009 (Pt)]

(Mahmood Alam)

  Additional Secretary ”

 This is for your information and record.

Thanking you,

 Yours faithfully,

( Dr.  Jabbar Khattak )

   Secretary General

           APNS