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