ISLAMABAD: The Federal Board of Revenue (FBR) has successfully completed the evaluation process for the grant of five-year license for an IT-based solution for electronic monitoring through Track and Trace System of specified goods including Tobacco, Cement, Sugar and Fertilizer.
Initially 11 bids were received out of which 8 bids were technically qualified, said FBR statement.
The Technical scores were awarded to them on the basis of specified evaluation criteria, it said adding that for ensuring complete transparency, technical scores of all technically compliant bidders were displayed for all attendees to see prior to opening of the financial bids.
FBR has stated that installation of the Track and Trace System in the identified sectors would be a game changer for improving revenue and curbing counterfeit products in the market.
FBR expects to start installing UIMs (tax stamps) on various sector products from July 2021, the statement added.