AIRLINK 189.45 Increased By ▲ 1.42 (0.76%)
BOP 11.20 Decreased By ▼ -0.66 (-5.56%)
CNERGY 7.29 Decreased By ▼ -0.25 (-3.32%)
FCCL 36.70 Decreased By ▼ -1.09 (-2.88%)
FFL 15.00 Decreased By ▼ -0.24 (-1.57%)
FLYNG 26.39 Increased By ▲ 0.86 (3.37%)
HUBC 131.45 Increased By ▲ 1.30 (1%)
HUMNL 13.50 Decreased By ▼ -0.11 (-0.81%)
KEL 4.27 Decreased By ▼ -0.08 (-1.84%)
KOSM 6.05 Decreased By ▼ -0.12 (-1.94%)
MLCF 45.99 Increased By ▲ 0.31 (0.68%)
OGDC 202.49 Decreased By ▼ -3.94 (-1.91%)
PACE 6.10 Decreased By ▼ -0.28 (-4.39%)
PAEL 38.18 Decreased By ▼ -2.13 (-5.28%)
PIAHCLA 16.81 Decreased By ▼ -0.14 (-0.83%)
PIBTL 7.91 Decreased By ▼ -0.12 (-1.49%)
POWER 9.85 Decreased By ▼ -0.18 (-1.79%)
PPL 173.84 Decreased By ▼ -5.00 (-2.8%)
PRL 34.94 Decreased By ▼ -1.42 (-3.91%)
PTC 24.10 Decreased By ▼ -0.29 (-1.19%)
SEARL 101.80 Decreased By ▼ -1.36 (-1.32%)
SILK 1.06 Decreased By ▼ -0.01 (-0.93%)
SSGC 32.68 Decreased By ▼ -3.56 (-9.82%)
SYM 17.95 Decreased By ▼ -0.28 (-1.54%)
TELE 8.11 Decreased By ▼ -0.27 (-3.22%)
TPLP 12.02 Decreased By ▼ -0.14 (-1.15%)
TRG 67.44 Increased By ▲ 0.11 (0.16%)
WAVESAPP 11.79 Decreased By ▼ -0.22 (-1.83%)
WTL 1.53 Decreased By ▼ -0.04 (-2.55%)
YOUW 3.95 Increased By ▲ 0.06 (1.54%)
BR100 11,819 Decreased By -87.9 (-0.74%)
BR30 35,000 Decreased By -554.1 (-1.56%)
KSE100 112,085 Decreased By -478.8 (-0.43%)
KSE30 34,946 Decreased By -148 (-0.42%)

ISLAMABAD: The Federal Board of Revenue (FBR) has closed one sugar mill in Sindh, as the track-and-trace system and “hopper solution” were not working properly at the manufacturing premises of the said mill.

One production line has been closed as the system was not operating accurately. “Hopper solution” in fully automated mode was implemented in all the sugar mills to monitor the sugar production. It is yet not clear whether the track-and-trace system was functioning without any errors at this mill and whether the mill has resumed its operations, sources said.

Sources told Business Recorder that the FBR had deputed Inland Revenue (IR) officials at all sugar mills across the country to monitor production, sales, and stocks of the commodity during crushing season.

FBR to depute officials at all sugar mills

The officers of the Inland Revenue Service (IRS) have been posted to monitor the production, sale, and stock position of sugar under section 40B of the Sales Tax Act, 1990, at the manufacturing/ business premises. The crushing season of sugar starts in November and ends in March and earlier, the government relied on the industry’s statistics for sugar production.

However, after the introduction of the Track and Trace system, the FBR is getting real-time data on the sugar production of each sugar mill. It was decided and agreed that all sugar mills will install the IP-based CCTV cameras solution to monitor the operations/production of sugar mills and provide access of the recording stored in network video recorders (NVRs) to the FBR.

The cameras will monitor the production process and stockpiling of sugar, ensuring GST payments are made and price hikes are prevented.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Arsalan Dec 10, 2024 03:48am
Good initiative, this should be for all industries too
thumb_up Recommended (0)