Islamabad
The Federal Board of Revenue (FBR) is expecting to collect up to Rs6 billion a year from the installation of video analytics surveillance (VAS) systems at the sugar mills to check under-reporting production.
The Economic Coordination Committee (ECC) on Monday last approved Rs350 million for the installation of video analytics surveillance (VAS) systems at the mills to monitor their operations and prevent tax evasion. VAS is a monitoring system of production with the help of video cameras that also includes weighing sensors. It is expected to generate revenue growth of approximately Rs5 billion to Rs6 billion. The system was introduced under an agreement signed by the FBR and Pakistan Sugar Mills Association in October last year.
The VAS installation will begin as soon as the legal process for licensing and importing surveillance devices is completed. Millers say they have been notified that monitoring will start by the next sugarcane crushing season in the autumn.
“Electronic monitoring system is expected before the start of next crushing season,” Sindh Abadgar’s Sugar Mills chief executive Tara Chand Essarani said. —TLTP
