Concessionary tariffs: New export industry registration starts

By: News Desk      Published: 11:26 PM, 31 Dec, 2020
Concessionary tariffs: New export industry registration starts

The Federal Board of Revenue (FBR) is going to start new export industry registration from Friday..

The FBR has issued a new standard operating procedure (SOP) for registration of new manufacturers for concessionary tariff rates on supply of electricity and gas.

For new registration of manufacturers for concessionary tariff rates, applicants may apply through respective representative association, as listed. And association concerned, after verifying the particulars may forward the application with recommendations, duly signed by its chairman/president, to the Export-oriented Sector Registration Cell (ESRC) of the FBR.

The ESRC shall examine the particulars and recommendations of the respective associations and counter-verify particulars of the taxpayer including declarations in the registration profile etc as required, and forward the case to the Ministry of Commerce for allowing concessionary tariff through respective DISCOs/gas companies.

In case the ESRC spots any discrepancies in the verification report and data available with the FBR, the matter will be referred to the Inland Revenue field formations for ground-check, report, and recommendations.

The newly-enrolled taxpayers shall be entitled to avail concessionary tariff prospectively.  The DISCOs/gas companies shall ensure that the taxpayers are active on the FBR’s (sales tax) Active Taxpayers List (ATL) as shared with the DISCOs/gas companies each month before generating the monthly utility bill.