Section 12AExemptions

s. 12A

12A. Exemptions [(1) The Government may from time to time, by notification in the official Gazette, exempt, subject to such conditions, if any, as may be specified therein, any goods or class of goods or any services or class of services from the whole or any part of the duty leviable under this Act. (2) The [Board] may, by special order in each case, exempt from the payment of the whole or any part of the duty leviable under this Act, under circumstances of an exceptional nature to be stated, in such order, any goods [or services] on which such duty is leviable.]

1. 43. Section 12A was added by the Tax Laws (Amendment) Ordinance, 1962 (Ordinance XXXI of 1962)
2. 44. The word “Board” was substituted for the words “National Board of Revenue” by section 5 of the Finance Act, 1979 (Act No. V of 1979)
3. 45. The words “or services” were inserted by section 5 of the Finance Act, 1980 (Act No. XXIII of 1980)