- FBR has introduced a new sales tax system for the steel industry based on electricity consumption instead of the old method.
- Steel manufacturers using local scrap will pay Rs. 30 per unit of electricity.
- Steel units using captive power plants will be taxed at Rs. 35 per unit.
- The order also sets separate per-unit rates for imported scrap users and system-linked units, with the tax adjustable against output tax.
Source: youtube.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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