AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)
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.