Exports of goods and services:

Goods and services that are consumed outside the country are called exports. Exports are subjected to a tax at the rate of zero or zero-rated. A registered person making zero rated supplies is entitled to a refund of Vat on the taxable inputs. A registered person is required to maintain proper exports documents to prove that the goods have been exported.  The export documents should be as per the Customs & Excise requirements. Failure to maintain proper export documents would result in the Commissioner General denying them the input tax. First Schedule of VAT Act as amended has a list of zero rated supplies.