FBR issues STGO for Cement producers to implement Track and Trace System

News Image

MG News | March 12, 2021 at 11:19 AM GMT+05:00

March 12, 2021 (MLN):  The Federal Board of Revenue (FBR) on Thursday issued the Sales Tax General Order (STGO) for the Cement manufacturers, for the implementation of Electronic Monitoring of production and sales of goods in the manner prescribed in the law on all manufacturing sites.  

According to the STGO issued, in the exercise of the power conferred under Section 40C(2) of Sales Tax Act 1990 and Rule 150ZF of Sales Tax Rules 2006, it is hereby notified that no Cement products shall be allowed to be removed from the production site, factory premises, or manufacturing plant or import station without affixation of tax stamps/Unique Identification Marking (UIMs) with effect from July 1, 2021, which are to be obtained/procured from and applied by the FBR’s Licensee M/S AJCL/MITAS/AUTHENTIX Consortium.

 Furthermore, all manufacturers of Cement Products are warranted under the law to make necessary arrangements for importation of applicators and other equipment required for successful installation and implementation of Track and Trace System at their production facilities, the STGO said.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,506.31
634.15M
-0.36%
-609.51
ALLSHR 102,597.99
1,100.83M
-0.03%
-32.82
KSE30 51,021.03
79.10M
-0.89%
-457.52
KMI30 244,736.28
154.00M
-0.41%
-995.51
KMIALLSHR 66,770.85
754.12M
0.18%
120.54
BKTi 46,874.09
27.88M
-0.86%
-405.50
OGTi 35,621.25
6.98M
-0.23%
-83.69
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,305.00 82,215.00
80,840.00
-880.00
-1.07%
BRENT CRUDE 105.09 105.35
104.23
0.88
0.84%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-5.00
-4.35%
ROTTERDAM COAL MONTHLY 109.70 110.00
108.15
2.60
2.43%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 98.95 99.28
98.00
0.88
0.90%
SUGAR #11 WORLD 14.95 14.99
14.60
0.26
1.77%

Chart of the Day


Latest News
May 12, 2026 at 06:40 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


May 11, 2026 at 05:27 PM GMT+05:00

Pakistan cancels third LNG spot tender


May 11, 2026 at 05:06 PM GMT+05:00

PSX drops ESBL from SLB & Margin Financing list



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg