MULTAN: The Regional Tax Office (RTO) has directed sugar mills to install track and trace system at the manufacturing premises of sugar factories.
Sources told Customs Today that sugar and tobacco sectors remained top priority of the FBR for installation of track and trace system. The FBR has resumed process of installation of track and trace system at manufacturing premises of tobacco products, cement, sugar, and fertilizers. The FBR will notify a date after implementation of the “track and trace system” to put an end to the sale of cigarettes, sugar, cement, and fertilizer products without a tax stamp.
The FBR will confiscate cigarettes, sugar, cement and fertilizer without the tax stamps from the market. Through a notification, the FBR will notify the date after implementation of the track and trace system in the coming months. The manufacturers would not be able to sell cigarettes, sugar, cement, and fertilizer in the market without having tax stamps after proper implementation of the system in the country.
Only a product sold in the market without a tax stamp would be confiscated. In order to prevent leakage of federal tax revenue and under-reporting of production and sales of tobacco, cement, sugar and fertilizer products and to ensure proper payment of duties/taxes on the manufacture and sale of these goods, the FBR is mandated to license the development, implementation, operation and maintenance of a track and trace system.
