Page 14 - Trace System News Today

PM laments ‘sabotage’ of tax tracing system Top Story March 17, 2021 ISLAMABAD: Prime Minister Imran Khan on Tuesday lamented the “sabotage” of a planned tax tracing mechanism development by the Federal Board of Revenue (FBR) and described the automated system as “crucial” to check mass tax evasion. Chairing a meeting of the federal cabinet here, the Prime Minister asked law minister Farogh Naseem to work on getting a stay order vacated by the Sindh High Court and “convince the ...

King Salman sends message to Kuwaiti emir March 15, 2021 KUWAIT CITY — Custodian of the Two Holy Mosques King Salman has sent a written message to Kuwaits Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. The message highlighted solid fraternal relations between the two countries and people, issues of common interest and latest developments at regional and international arenas. The message was delivered by Prince Sultan bin Saad Bin Khalid, Saudi Ar...

The Federal Board of Revenue (FBR) on Thursday made it mandatory for all manufacturers to affix tax stamps on all products from July 1. — APP/File ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday made it mandatory for all manufacturers to affix tax stamps or Unique Identification Marking (UIM) on all products effective from July 1, 2021. The order was notified through late-night Sales Tax General Orders (STGO). After awarding the licence for Track and Trace System to the successful b...

National March 12, 2021 ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued the Sales Tax General Order for four major tax evading sectors, including tobacco, sugar, cement and fertilizers for making necessary arrangements for installation and implementation of the Track and Trace System at their production facilities. The Sales Tax General Order (STGO) issued by the FBR on Thursday bound all units of four sectors of tobacco, sugar, cement and fertilizer for installing and impleme...

National March 6, 2021 ISLAMABAD: Amid the Islamabad High Court issued notices to parties concerned on a writ petition filed by Reliance IT Solution against awarding contract, the FBR on Friday signed a contract with AJCL Consortium to place Track and Trace System for the major tax-evading sectors, including cigarettes, sugar, cement, fertilizer, and beverages. The Islamabad High Court issued notices to the parties concerned but did not grant a stay order to halt the process. Now the FBR on Fr...

National February 25, 2021 ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has modified its earlier letter written to the FBR and has now allowed the procurement process for granting of license for placing IT based solution for gauging real production of major tax-evading sectors through Track and Trace system. A top official of PPRA confirmed to The News on Tuesday that they had modified their earlier letter and allowed the FBR to accomplish its procurement proceedings. Till the...

Consortium selected to install FBR’s track and trace system National February 21, 2021 ISLAMABAD: In order to place Track and Trace System to gauge the real production of major tax evading sectors including tobacco, sugar, cement, fertilizer and beverages, the FBR is all set to award contract to M/S AJCL Consortium being the highest bidder on technical and financial grounds. The Federal Board of Revenue (FBR) has formally informed M/S AJCL Consortium that the Licensing Committee vide Evalua...

MP JIM McMahon forOldham West & Royton said that the test and trace system monies should have been spent on the families hardest hit.

Evaluation of applications for track and trace system for tobacco, cement, sugar and fertilizer finalized Islamabad, February 01, 2021 (PPI-OT): Federal Board of Revenue has successfully completed the Evaluation Process for the grant of five-year license for an IT-based solution for electronic monitoring (Track and Trace System) of specified goods i.e. Tobacco, Cement, Sugar and Fertilizer. Initially 11 bids were received out of which 8 bids were technically qualified. The Technical scores were...

AJCL Private Limited has emerged as the leading contender for a government contract for electronic monitoring of production of four tax evasion-prone sectors on the back of highest technical score, as its financial bid was 52% expensive than the lowest bid.