1% SED on import - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forum-the-profession) +--- Forum: Tax (https://www.accountancy.com.pk/forum/forum-tax) +--- Thread: 1% SED on import (/thread-1-sed-on-import) |
1% SED on import - [email protected] - 12-12-2009 As we import security equipment, one of our govt customer ask us to use 1% SED (special excise duty) classification in Sales Tax invoice while sales tax has already been zero rated. we have already paid Sales tax & FED on import so what SED is all about, pls share your knowledge? - Riftaj - 12-14-2009 dear your question is very complexx, it's not understandable ok again aske in easy language, 2nd thinks FED and SED same things. Rifi <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by [email protected]</i> <br />As we import security equipment, one of our govt customer ask us to use 1% SED (special excise duty) classification in Sales Tax invoice while sales tax has already been zero rated. we have already paid Sales tax & FED on import so what SED is all about, pls share your knowledge? <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> - saqibsat - 12-15-2009 <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Riftaj</i> <br />dear your question is very complexx, it's not understandable ok again aske in easy language, 2nd thinks FED and SED same things. Rifi <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by [email protected]</i> <br />As we import security equipment, one of our govt customer ask us to use 1% SED (special excise duty) classification in Sales Tax invoice while sales tax has already been zero rated. we have already paid Sales tax & FED on import so what SED is all about, pls share your knowledge? <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> - saqibsat - 12-15-2009 Dear! u would b paying a duty @ 1% which may appear as FED or SED in ur Bill of Entry. There is'nt any difference among both. and the same is adjustable against the FED/ SFED charged on Sales/ Exports <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by saqibsat</i> <br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Riftaj</i> <br />dear your question is very complexx, it's not understandable ok again aske in easy language, 2nd thinks FED and SED same things. Rifi <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by [email protected]</i> <br />As we import security equipment, one of our govt customer ask us to use 1% SED (special excise duty) classification in Sales Tax invoice while sales tax has already been zero rated. we have already paid Sales tax & FED on import so what SED is all about, pls share your knowledge? <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> |