PM orders rapid action against tax evaders
In a meeting held on Monday, Prime Minister Shehbaz Sharif has authorised that swift action be taken against tax evaders and defaulters. He tasked the committee to identify all obstacles and delays in the implementation of Trace and Track System (TTS) in tobacco, sugar, cement and fertilizer industries.
The PM also said that action should be taken within seven days against tax evaders. PM Shehbaz emphasized that all legal obstacles in the implementation of trace and track system should be removed and that this system should be enforced at all production lines of cement factories. Those factories who refuse to follow the rules, should be immediately sealed, the Premier ordered.
He was of the opinion that besides an increase in revenue, the trace and track system could also be used for identification of counterfeit products.
The premier also called for an end to fake and unregistered cigarettes. The meeting was apprised that TTS was fully operational in 14 tobacco factories whereas 12 other factories had been sealed for non-compliance.
The system faced problems in sugar and cement industries due to technical issues while it was working in fertilizer industry. The PM also stressed action against smuggling that was causing serious loss to the national exchequer.