FBR to impose ‘heavy’ penalties on sugar mills
Business
January 30, 2021
KARACHI: The Federal Board of Revenue (FBR) has decided to impose ‘heavy’ penalties on sugar mills if they fail to connect their facilities through real-time video links with the tax authority, it said on Friday.
The FBR warned sugar mills and vendors who install video analytics system (VAS) to get the task done by January 31 otherwise they would face heavy penalties from February.
The FBR issued instructions to chief commissioners having jurisdictions to impose penalty on non-compliant sugar mills. The FBR also issued warning to the selected vendors of fine and penalties on non-compliance.