Section 2: Definitions. In this Ordinance, unless there is anything repugnant in the subject or context,

Plain-Language Summary

A general explanation to aid understanding. The official statutory text appears below.

This section defines the following terms used in The Staple Cotton (Excise Duty) Ordinance, 1978: • Board — the Central Board of Revenue constituted under the Central Board of Revenue Act, 1924 (IV of 1924) • Corporation — the Cotton Trading Corporation of Pakistan • factory — a cotton ginning factory producing staple cotton for sale • sale price — the price of four hundred and fifteen rupees per maund, inclusive of excise duty, at which staple cotton is sold by the Corporation to a textile mill • staple cotton — ginned cotton other than desi-cotton This is the official statutory text, shown as written — it is not a paraphrase or a legal opinion. Consult a verified lawyer to see how it applies to your specific situation.

2. Definitions. In this Ordinance, unless there is anything repugnant in the subject or context,— (a) “Board” means the Central Board of Revenue constituted under the Central Board of Revenue Act, 1924 (IV of 1924); (b) “Corporation” means the Cotton Trading Corporation of Pakistan; (c) “factory” means a cotton ginning factory producing staple cotton for sale; (d) “sale price” means the price of four hundred and fifteen rupees per maund, inclusive of excise duty, at which staple cotton is sold by the Corporation to a textile mill; (e) “staple cotton” means ginned cotton other than desi-cotton

Effective date: 1978-01-01

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