Glossary_G

Glossary of Tax and Trade Terms

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GATT.: General Agreement on Tariffs and Trade. Its purpose is to help reduce trade barriers and promote trade through tariff concessions.

goods declaration means a goods declaration filed under sections 79, 104, 131, 139 or 144 and includes a goods declaration electronically filed;] [Pakistan Customs Act, 1969]

goods include every kind of movable property other than actionable claims, money, stocks, shares and securities; [The Sales Tax Act, 1990]

goods means all movable goods and includes- (i) conveyance, (ii) stores and materials, (iii) baggage, and (iv) currency and negotiable instruments; [Pakistan Customs Act, 1969]

goods means commercial cargo and unaccompanied baggage; [Pakistan Customs Rules, 2001]

Government dues means any recoverable amount of customs duty or any tax, duty or other levy being collected in the same manner as customs-duty, an adjudged penalty or fine or any amount unpaid which may be payable under any bond or instrument executed under the Act or such other law or the rules made thereunder; [Pakistan Customs Rules, 2001]

Government dues means recoverable amounts of sales tax, default surcharge, penalty or any other tax, duty or other levy being collected, in the same manner as sales tax is collected, an adjudged penalty or fine or any amount unpaid which may be payable under any bond, guarantee or instrument executed under the Act or such other laws or the rules made thereunder and against the recovery of which there is no bar or valid stay order from the competent court; [Sales Tax Rules, 2006]