BR100 Increased By (0.82%)
BR30 Increased By (1.08%)
KSE100 Increased By (0.77%)
KSE30 Increased By (0.82%)
AGHA 6.10 Increased By ▲ 0.01 (0.16%)
BECO 4.03 Increased By ▲ 0.03 (0.75%)
BML 60.70 Decreased By ▼ -1.61 (-2.58%)
BOP 28.65 Increased By ▲ 1.14 (4.14%)
CNERGY 12.80 Increased By ▲ 0.08 (0.63%)
CSIL 4.97 No Change ▼ 0.00 (0%)
FCCL 52.83 Increased By ▲ 0.21 (0.4%)
FFL 12.94 Decreased By ▼ -0.03 (-0.23%)
FNEL 1.12 Increased By ▲ 0.04 (3.7%)
KEL 5.83 Increased By ▲ 0.03 (0.52%)
KOSM 5.30 Increased By ▲ 0.12 (2.32%)
LOTCHEM 24.13 Increased By ▲ 1.20 (5.23%)
MLCF 91.38 Increased By ▲ 0.97 (1.07%)
NBP 164.97 Increased By ▲ 10.18 (6.58%)
NCPL 50.09 Decreased By ▼ -2.44 (-4.64%)
NPL 53.31 Decreased By ▼ -2.66 (-4.75%)
OGDC 303.68 Increased By ▲ 1.22 (0.4%)
PACE 9.30 Increased By ▲ 0.28 (3.1%)
PAEL 32.82 Increased By ▲ 0.07 (0.21%)
PIBTL 13.03 Decreased By ▼ -0.18 (-1.36%)
PPL 215.08 Decreased By ▼ -0.19 (-0.09%)
PRL 94.16 Decreased By ▼ -1.93 (-2.01%)
PTC 42.84 Increased By ▲ 0.38 (0.89%)
SSGC 22.94 Increased By ▲ 0.22 (0.97%)
TBL 9.61 Increased By ▲ 0.78 (8.83%)
TELE 6.81 Increased By ▲ 0.10 (1.49%)
TPL 23.88 Increased By ▲ 2.10 (9.64%)
TPLP 12.44 Increased By ▲ 0.92 (7.99%)
TREET 23.70 Increased By ▲ 1.09 (4.82%)
TRG 53.62 Decreased By ▼ -1.09 (-1.99%)

ISLAMABAD: The Federal Board of Revenue (FBR) has directed persons engaged in textile spinning to install video analytics solutions to monitor processing of cotton bales at all the textile spinning units to check undocumented cotton bales known as (Gol Mall) in the textile sector. In this regard, the FBR has issued a notification here on Saturday.

According to the notification (sales tax general order 8 of 2025) issued by the FBR, in exercise of the powers conferred under Section 40C (2) of Sales Tax Act, 1990 and Rules of the Chapter XIV-BA of the Sales Tax Rules,2006, the FBR is pleased to direct that all the registered persons engaged in textile spinning shall install video analytics solution as specified under the rules with immediate effect.

It is hereby notified that the processing of cotton bales at all the textile spinning units shall be monitored through video surveillance and video analytics solution, by installation of production monitoring equipment at production lines/blendomats/auto-plucker machines, as provided by the vendors approved by the Board.

All the registered persons engaged in textile spinning are hereby directed under law to make necessary arrangements for installation of video analytics solution (including hardware and software) for successful implementation of electronic monitoring of production by December 31, 2025. In order to ensure timely installation of the video analytics solution, the concerned Chief Commissioners shall also notify dedicated focal persons who will work in liaison with the registered persons engaged in textile spinning and authorized vendors for video analytics solution.

All field formations are hereby directed to prioritize the implementation process by focusing on high-risk registered persons involved in textile spinning who are using undocumented cotton bales. A non-exhaustive jurisdiction-wise list of registered persons engaged in textile spinning has been circulated by the FBR.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.