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NBR cuts AIT to 3 0pc on cement materials import

The government has reduced the rate of advance income tax (AIT) on import of cement raw materials to 3 0 per cent from 5 0 per cent National Board of Revenue (NBR) issued a SRO (statutory regulatory order) in this regard on Thursday following a recent demand by the cement makers The cement manufacturers appreciated the decision but still demanded full waiver of the AIT The cut reflects

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