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.
