The appeals filed by the several companies were rejected by the top court of the country and have been directed to pay Rs417 billion Gas Infrastructure Development Cess (GIDC) to the government of Pakistan.
A 78-page verdict was announced by a three-member special bench of the Supreme Court of Pakistan (SC) headed by Justice Mushir Alam and comprising Justice Faisal Arab and Justice Manzoor Ali Shah on as many as 107 petitions filed by several textile mills, cotton mills, sugar mills, ceramics companies, chemicals, CNG filling stations, match factories, cement companies, and aluminium industries regarding the Gas infrastructure Development Cess (GIDC) levy.
As per the details, the apex court has reserved its verdict on the petitions on February 20. The special bench of the Supreme Court has passed the judgment in the favor of the federal government of Pakistan with a 2-1 majority, with Justice Manzoor Ali Shah opposing the verdict.
The judgment, penned down by Justice Faisal Arab, read: “As a consequence, the amount of GIDC collected over the years should be returned and refunded to the payers in full unless in some cases, it is impractical to so do.”
The verdict further said that the federal government of Pakistan shall constitute a committee to work out a mechanism for a refund of the Gas Infrastructure Development Cess (GIDC) so that the payers of the tax are fully restituted; be it the consumers of the gas under the act or the final consumers.