ByKarachi, Pakistan: The Federal Board of Revenue (FBR) has taken strict action against a sugar mill in Sindh for failing to adhere to the government’s track-and-trace system and hopper solution requirements. The non-functioning of these systems led to the closure of one of the mill’s production lines.
The FBR has been implementing a comprehensive monitoring system for sugar mills to ensure transparency and prevent tax evasion. The track-and-trace system, along with the hopper solution, is designed to track sugar production from the field to the market, allowing the government to monitor production, sales, and stock levels in real-time.
The closure of the sugar mill serves as a strong message to the industry that non-compliance with government regulations will not be tolerated. The FBR’s strict enforcement of these measures is aimed at ensuring fair prices for consumers and preventing hoarding and artificial shortages.
By implementing such stringent measures, the government aims to streamline the sugar industry, curb illicit practices, and protect the interests of consumers.
