AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

The manufacturers of aerated waters, cigarettes, fertilizer, cement and sugar would be required to affix or print tax stamp, banderole, sticker, label, barcode, etc on every package of goods whether manufactured or imported under electronic monitoring and tracking of specified goods.
According to the S.R.O. 494(I)/2015 issued here on Wednesday, every tax stamp, banderole, sticker, label, barcode, etc required to be affixed under these rules shall bear such security features as are approved by the Board in order to prevent counterfeiting; enable accounting of production of the specified goods and enable any person in the supply chain or an officer authorised by the Commissioner Inland Revenue to authenticate such tax stamp, banderole, sticker, label, barcode, etc.
The Board may appoint and authorise one or more licensees to prepare and deliver tax stamps, banderoles, stickers, labels, barcodes etc as per specifications approved by the Board; develop a system for counting, recording and reporting of the specified goods and install and operate a system for the affixation or printing of tax stamps, banderoles, stickers, labels, barcodes etc, counting and monitoring of production, clearances and stocks, recording and reporting of data and other allied matters.
The system for the affixation or printing of tax stamps, banderoles, stickers, labels, barcodes, etc, counting and monitoring of production, clearances and stocks, recording and reporting of data and other allied matters shall include all devices and equipments required for affixing, printing, authentication and validation of tax stamps, banderoles, stickers, labels, barcodes etc; roper identification of packages and affixation of corresponding tax stamps, banderole, stickers, labels, barcodes etc; counting of goods manufactured or produce and recording and reporting of data of the specified goods to the board and any other function as required by the Board.
The system shall be installed on all production lines and packaging machines at the manufacturing premises as may be necessary. The system for imported goods shall be installed in a designated area at the port of importation or a customs bonded warehouse, as the case may be, declared by the importer for this purpose. Provided that the Board may allow tax stamps, banderoles, stickers, labels, barcodes etc to be affixed on any specified goods to be imported in a production facility in the exporting country, subject to such conditions as the Board may specify. After installation of the system in each case, the licensee shall provide details of the system to the manufacturer as well as to the Board.
The manufacturer or importer shall pay to the licensee a fee fixed by the Board from time to time which shall cover the costs of installation, operation and maintenance of the system and printing or affixation of tax stamps, banderoles, stickers, labels, barcodes etc.

Copyright Business Recorder, 2015

Comments

Comments are closed.