Asalam O Alikum,
Can anyone know about the formula of Excise and taxation charges or is there any schedule?
Actually We are importing Printers from dubai, i am facing problem during costing of printers., that what will charge to us excise and taxation dept. on port our qty of printer is 250.
Waiting your reply.
may be the following links help u
http//www.sindh.gov.pk/dpt/Excise%20&%20Taxation/adp.htm
From 0.8% - 0.85% of assessable value as infrastructure tax.
Rate depends upon destination from Karachi to anyother city of Pakistan.
If in Karachi, 0.8% of assessable value as appraised by customs.
Dear Muddasir
Pls confirm the rate u mentioned in ur post ie .8 % to .85% . As per my understanding from the excise dept website infrastructure is .5 % c & f value .
Appreciate ur interest in the forum activity
Excise deptt web site may not be updated, you may check Sindh Taxes Rates Schedule 2011-12 available on website of finance department of Sindh Govt. Please check the following link
http//www.fdsindh.gov.pk/site/userfiles/other%20budget%202011-12/7.%20Volume-VII%202011-12%20(GOS).pdf
Further actual calculation of the tax will be based upon Assessed value, which is normally C&F * Exchange rate.
Hii,
In the MM pricing procedure, insert subtotal '4" against the condition type of Trf chrg sales. Now, this condition will be added to the tax base value. Create a new po and test the scenario.Hope this will help.