Pakistan

FBR Warns Sugar Traders of Action on Failure to Comply With Track & Trace System

The Federal Board of Revenue (FBR) has advised all the Chambers of Commerce & Industries, trade entities, and trade associations of the country to strictly comply with the legal requirements of the Track & Trace System for the sugar sector to avoid any legal actions.

In this connection, Project Director Track and Trace System, FBR, issued a letter to all the stakeholders.

In the letter, FBR has referred to Sales Tax General Order No.05 of 2021, wherein it was notified that no sugar bags, for the current crushing season 2021-22, would be allowed to move out from a production site and the factory premises or warehouses without affixation of tax stamps and Unique Identification Marks (UIMs) with effect from 11 November 2021.

FBR has highlighted that all supply chain operators including distributors, wholesalers, dealers, and retailers are also required not to accept or receive or sell any sugar bag of the current season without the tax stamp.

In case of non-compliance by any supply chain operator, action will be initiated in accordance with the provision of the Sales Tax Act, 1990.

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ProPK Staff