FBR has launched a strict action against sugar mills not following tax rules. As part of the crackdown, fines of up to 300% have been imposed, and nine tax officers accused of supporting tax evasion have been suspended.
This move is in line with the Prime Minister’s directives to ensure transparency and compliance in the sugar industry during the 2024-25 sugarcane crushing season.
To monitor production closely, the FBR has introduced advanced oversight measures. These include Track and Trace Stamps, automated counters, video surveillance, and the sTrack invoicing system to track sugar production and sales.
The FBR is working with the Federal Investigation Agency (FIA), Intelligence Bureau (IB), Police, and Rangers to enforce these measures effectively. The collaboration aims to prevent tax evasion, control the illegal smuggling of sugar, and stabilize market prices.
Investigations are currently underway against mills suspected of violating tax regulations. The government’s focus is to hold these mills accountable and ensure fair practices in the industry.
This crackdown is part of the FBR’s broader efforts to bring transparency to the sugar sector, which has faced criticism for irregularities in the past. By taking strict action against non-compliance, the FBR aims to send a strong message and ensure that all mills operate within the law.
These measures are expected to help curb corruption, stabilize sugar prices, and strengthen the country’s economy.
