Advance tax on imports: importers may be required to pay advance VAT credited against final liability; exemptions possible. Government may require importers to pay advance tax on specified goods at notified rates (credited against final VAT liability), with powers to exempt or reduce rates and for the Commissioner to grant case-specific relief; imported goods are presumed for sale or manufacture for sale and not to be sold below their import purchase price unless proved otherwise.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advance tax on imports: importers may be required to pay advance VAT credited against final liability; exemptions possible.
Government may require importers to pay advance tax on specified goods at notified rates (credited against final VAT liability), with powers to exempt or reduce rates and for the Commissioner to grant case-specific relief; imported goods are presumed for sale or manufacture for sale and not to be sold below their import purchase price unless proved otherwise.
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