PESHAWAR: The Senate (Anomaly) Committee on Gas Infrastructure and Development Infrastructure Cess (GIDC), in its meeting, has decided not to charge past retrospective of GIDC from industries and captive power units.
In a statement here, Senator Mohsin Aziz, Vice Chairman KP-BoIT said that the Senate Committee discussed the retrospective impact on industries and captive power units, by imposition of Gas Infrastructure Development Cess, besides rights of smaller provinces and different judgments, taken by Peshawar High Court, Islamabad High Court and Supreme Court, regarding the levy of GIDC and others.
The meeting, Aziz said, also proposed to bring down GIDC at an optimal level.
He said the committee strongly opposed the levy of GIDC, which is against interest of the business community.
The business community appreciated the decision for not charging past retrospective Gas Development Infrastructure Cess (GIDC) from Captive Power Plants.