S.R.O.185(I)/2008.─ In exercise of the powers conferred by sub-section (2) of section 16 of the Federal Excise Act, 2005, the Federal Government is pleased to exempt whole of Federal Excise Duty on franchise services falling under PCT heading 9823.0000 payable by the vendors of the auto parts industry having Technical Agreements with foreign based auto parts manufacturing companies.
Source:- FBR SRO’s 185(I)/2008