BR100 Decreased By (-0.91%)
BR30 Decreased By (-1.47%)
KSE100 Decreased By (-0.78%)
KSE30 Decreased By (-0.75%)
AGHA 6.67 Decreased By ▼ -0.01 (-0.15%)
BECO 4.35 Decreased By ▼ -0.02 (-0.46%)
BML 56.17 Decreased By ▼ -1.15 (-2.01%)
BOP 30.12 Decreased By ▼ -0.23 (-0.76%)
CNERGY 12.98 Decreased By ▼ -0.14 (-1.07%)
CSIL 5.31 Decreased By ▼ -0.10 (-1.85%)
FCCL 51.65 Decreased By ▼ -1.14 (-2.16%)
FFL 14.49 Decreased By ▼ -0.23 (-1.56%)
FNEL 1.21 Increased By ▲ 0.09 (8.04%)
KEL 6.06 Decreased By ▼ -0.03 (-0.49%)
KOSM 5.84 Increased By ▲ 0.11 (1.92%)
LOTCHEM 26.17 Decreased By ▼ -0.29 (-1.1%)
MLCF 91.23 Decreased By ▼ -1.93 (-2.07%)
NBP 164.19 Decreased By ▼ -0.47 (-0.29%)
NCPL 53.18 Decreased By ▼ -2.48 (-4.46%)
NPL 59.12 Decreased By ▼ -2.04 (-3.34%)
OGDC 313.39 Decreased By ▼ -3.34 (-1.05%)
PACE 9.77 Decreased By ▼ -0.10 (-1.01%)
PAEL 35.24 Decreased By ▼ -0.39 (-1.09%)
PIBTL 14.71 Increased By ▲ 0.03 (0.2%)
PPL 221.36 Decreased By ▼ -5.55 (-2.45%)
PRL 91.22 Decreased By ▼ -1.80 (-1.94%)
PTC 59.19 Decreased By ▼ -1.07 (-1.78%)
SSGC 23.30 Decreased By ▼ -0.51 (-2.14%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.61 Decreased By ▼ -0.19 (-2.44%)
TPL 22.03 Decreased By ▼ -0.32 (-1.43%)
TPLP 12.56 Decreased By ▼ -0.41 (-3.16%)
TREET 21.73 Decreased By ▼ -0.43 (-1.94%)
TRG 55.79 Decreased By ▼ -0.77 (-1.36%)

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday empowered Inland Revenue officials to seal the business premises of units, including textile and spinning factories, which fail to integrate with the FBR’s computerized system.

The new procedure would apply to electronic monitoring, tracking and identification, through a Production Monitoring System, video surveillance, video analytics, digital eye or any other prescribed monitoring mechanism, of the production, sale, clearance, stock or any other related activity of any registered person or class of registered persons; any manufacturer or class of manufacturers; any goods specified in the Third Schedule to the Sales Tax Act, 1990; or any other taxable goods or class of taxable goods, as the Board may specify by notification in the official Gazette.

According to a notification issued by the FBR on Thursday, the procedure prescribes the manner of sealing and de-sealing the business premises of a person who is required to integrate his business with the Board or its computerized system for monitoring, tracking, reporting or recording of sales, production, clearance, stock or any other related activity or similar business transactions.

The procedure would apply where a person fails to integrate his business with the Board or its computerized system through a Production Monitoring System, video surveillance, digital eye or any other prescribed monitoring mechanism for monitoring, tracking, reporting or recording of sales, production, clearance, stock or any other related activity or similar business transactions.

Where specified taxable goods are manufactured, produced, removed, transported, supplied or otherwise dealt with without being monitored through the Production Monitoring System, production monitoring equipment or any other prescribed monitoring mechanism, or without the prescribed tax stamps, banderoles, stickers, labels, barcodes or other prescribed identification marks or devices, such goods shall be liable to seizure and confiscation.

The conveyance used for the movement, carriage or transportation of such goods shall also be liable to seizure and, upon adjudication, to confiscation, the FBR added.

Copyright Business Recorder, 2026

Comments

200 characters remaining