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ISLAMABAD: The Federal Board of Revenue (FBR) is expected to roll out a Track and Trace (T&T) System for specific goods including tobacco, cement, sugar, and fertiliser by the end of June 2021, the body announced on Friday at the pre-bidding conference.
The FBR said the last date of the bids — to grant a five-year licence for an IT-enabled electronic monitoring solution — is December 19 which cannot be extended as the T&T System has been planned to be rolled out by June 30, 2021, a statement issued by the revenue body said.
The pre-licensing conference was held at the FBR Headquarter which was attended by 25 participants in person while another 15 participants joined virtually.
Member (IR-Operation) Dr. Ashfaq Ahmed and Project Director, (Track & Trace System) Tariq Hussain Shaikh conducted the conference and explained the functions, features, and purpose of implementing the T&T System in Pakistan.
The system aims at providing minimum human interface, preventing leakage of revenue, under-reporting sales of specified goods and to ensure proper payment of duty and taxes.