Trade bodies told to follow TTS requirements in sugar sector

Published December 2, 2021
All supply chain operators are required not to accept or receive and sell any sugar bag, of the current season, without tax stamp affixed on the sugar bag. — Dawn/File
All supply chain operators are required not to accept or receive and sell any sugar bag, of the current season, without tax stamp affixed on the sugar bag. — Dawn/File

ISLAMABAD: The Federal Board of Revenue (FBR) advised all chambers of commerce, trade bodies and associations on Wednesday to comply with the legal requirements of Track & Trace System (TTS) on sugar sector in order to avoid legal repercussions.

An official announcement said this directive was issued to all the stakeholders through a letter issued by FBR TTS Project Director.

No sugar bags for the current crushing season (2021-22) would be allowed to move out from a production site, factory premises or warehouse without affixation of tax stamps and Unique Identification Marks (UIMs) with effect from November 11, the FBR said.

It was further highlighted that all supply chain operators, including distributors, wholesalers, dealers and retailers, are required not to accept or receive and sell any sugar bag, of the current season, without tax stamp affixed on the sugar bag.

In case of non-compliance by any supply chain operator, penal action will be initiated in accordance with the provision of Sales Tax Act, 1990, added the announcement.

Published in Dawn, December 2nd, 2021

Opinion

Editorial

Time to deliver
Updated 11 Nov, 2024

Time to deliver

Pakistan must display a serious commitment to climate change adaptation and mitigation at home.
Smaller government
11 Nov, 2024

Smaller government

THE IMF bailout programme has put the government under pressure to curtail its spending, especially current...
Unsafe inheritance
11 Nov, 2024

Unsafe inheritance

DESPITE regulations, the troubling practice of robbing women of their rightful inheritance — the culprits are ...
Quetta bombing
Updated 10 Nov, 2024

Quetta bombing

THERE appears to be no end to the stream of violent incidents occurring in Balochistan, indicating a clear failure ...
Burdened courts
10 Nov, 2024

Burdened courts

ACCORDING to recent reports, the new chief justice has set about implementing a recently adopted plan for clearing...
Playing in Pakistan
10 Nov, 2024

Playing in Pakistan

MOHSIN Naqvi, Pakistan’s cricket chief, has shown a brave face. Now he has to be unrelenting and put the onus on...