AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)
Print Print 2019-12-11

Track & trace system: FBR fails to submit report before IHC

Federal Board of Revenue (FBR) Tuesday failed to submit the requisite report before the Islamabad High Court (IHC) on the grant of license of track and trace system for tobacco products to the M/s Radio & Telecommunication Corporation (NRTC). It is learnt
Published 11 Dec, 2019 12:00am

Federal Board of Revenue (FBR) Tuesday failed to submit the requisite report before the Islamabad High Court (IHC) on the grant of license of track and trace system for tobacco products to the M/s Radio & Telecommunication Corporation (NRTC). It is learnt that the IHC has fixed December 19 as next date of hearing of the case.

Earlier, the IHC had issued notice to the FBR to file report on the grant of license of track and trace system for tobacco products to the NRTC.

According to the last IHC order, the notice has been issued to FBR and until the next date of hearing, status quo is directed to be maintained. The IHC order said that the petitioner company assailed the order dated 29.10.2019, whereby the Federal Board of Revenue (respondent No. 1) granted a license to the NRTC (respondent No. 8) at a price of Rs 731 per 1,000 stamps for a period of five years to establish, maintain and operate the whole process/system of track and trace system for tobacco products in Pakistan subject to terms and conditions as stipulated in Licensing Rules, 2019, Invitation for Licensing (IFL) and other relevant laws.

Copyright Business Recorder, 2019

Comments

Comments are closed.