Sugar mills in Punjab bound to disclose buyers’ details
Business
December 23, 2020
LAHORE: Punjab government on Tuesday made it mandatory for sugar mills to share details of buyers with the authorities to help in resolving the issue of anonymous and untraceable transactions that lead to massive hoarding and tax evasion.
Punjab Food Department bound sugar manufacturers under the law rule 16 (10) of the Punjab Sugar Factories (Control) Rules 1950 to provide full details of buyers in a prescribed form.
The required details will include, name of sugar mills, date of transaction, full name of buyer, father name, CNIC, mobile number, complete business address and quantity sold.