BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.65%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.58 Decreased By ▼ -0.09 (-1.35%)
BECO 4.38 Increased By ▲ 0.03 (0.69%)
BML 55.53 Decreased By ▼ -0.64 (-1.14%)
BOP 29.93 Decreased By ▼ -0.19 (-0.63%)
CNERGY 12.72 Decreased By ▼ -0.26 (-2%)
CSIL 5.20 Decreased By ▼ -0.11 (-2.07%)
FCCL 51.13 Decreased By ▼ -0.52 (-1.01%)
FFL 14.41 Decreased By ▼ -0.08 (-0.55%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.57 Decreased By ▼ -0.27 (-4.62%)
LOTCHEM 26.25 Increased By ▲ 0.08 (0.31%)
MLCF 90.14 Decreased By ▼ -1.09 (-1.19%)
NBP 162.11 Decreased By ▼ -2.08 (-1.27%)
NCPL 52.62 Decreased By ▼ -0.56 (-1.05%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 314.62 Increased By ▲ 1.23 (0.39%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.77 Decreased By ▼ -0.47 (-1.33%)
PIBTL 14.20 Decreased By ▼ -0.51 (-3.47%)
PPL 220.66 Decreased By ▼ -0.70 (-0.32%)
PRL 90.35 Decreased By ▼ -0.87 (-0.95%)
PTC 58.87 Decreased By ▼ -0.32 (-0.54%)
SSGC 23.27 Decreased By ▼ -0.03 (-0.13%)
TBL 8.67 Decreased By ▼ -0.08 (-0.91%)
TELE 7.36 Decreased By ▼ -0.25 (-3.29%)
TPL 21.02 Decreased By ▼ -1.01 (-4.58%)
TPLP 12.10 Decreased By ▼ -0.46 (-3.66%)
TREET 21.36 Decreased By ▼ -0.37 (-1.7%)
TRG 54.39 Decreased By ▼ -1.40 (-2.51%)

ISLAMABAD: The Federal Board of Revenue (FBR) has directed manufacturers of tobacco, sugar, fertiliser, cement, and beverages to obtain brand registration certificates from the FBR for selling their products in the market.

In this regard, the FBR has issued a sales tax general order number 7 of 2021, here on Tuesday, to issue detailed procedure for licensing of brand names for the specified sectors.

According to the circular, all existing and new manufacturers are required to register their brand of each product with the FBR before selling the same in the market.

No manufacturer shall be allowed to sell their products in the market without having their brands registered in the market.

GST assessment: FBR withdraws fixation of sugar price at Rs60/kg

However, they may be allowed to sell their products in the market from the date of application submission to the FBR.

The federal government inserted section 40E in the Sales Tax Act, 1990 vide Finance Act, 2021, which empowers the FBR to issue Brand Licensing Certificate to the manufacturers of specified sectors i.e. tobacco, sugar, fertiliser, cement, and beverages.

For this purpose, the FBR has issued a procedure for issuance of Brand Registration Certificate for these sectors vide STGO 7/2021 dated 3rd August, 2021.

According to the notification, all existing and new manufacturers are required to submit an application to the project director (TTS) for issuance of Brand Registration Certificate for all of their products.

For this purpose, each manufacturer shall provide the requisite information required for brand registration.

The Office of the Project Director, TTS shall scrutinise all the applications and initiate the process of registration of the products as per the notified procedure.

It has been further notified by the FBR that if any of the manufacturer fails to obtain Brand Registration Certificate from the FBR, he shall not be allowed to sell their un-registered products in the market.

Copyright Business Recorder, 2021

Comments

Comments are closed for this article.