According to cigarette industry sources, fake cigarette sales, as well as duty and fraud, cost the sector around 5.7 billion each year.
Discover the staggering impact of Fake Cigarettes cost Rs5.7 billion every year. Uncover the details and implications in our insightful blog post.
According to sources, a considerable number of fake or non-duty-paid cigarettes are still being offered in the market since they contain fake tax stamp packages.
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On the market, there are more than 42.5 million fake tax stamp cigarettes.
The track and trace systems are only now being completely implemented by two cigarette companies.
Sector insiders insisted that the track and trace system be fully implemented by all manufacturers of cigarettes.
Over 307,000 non-duty paid cigarettes were recovered by the Federal Board of Revenue (FBR) during several searches in Karachi earlier on Monday.
The FBR spokeswoman stated that 38 FBR teams conducted ongoing operations against cigarettes without pads by raiding different markets and stores in Saddar, Jamshed Town, Liaquatabad, Baldia, and Sita.
A significant amount of duty-free cigarettes were found.
To handle all this matter we’ll need to do something we may do this
Setting out the Fires:
A “track and trace” system can only function if there is actual activity on the ground.
To destroy the fake cigarette business and ensure that the right smoke clears the government’s coffers, widespread and continuous retail regulation is required.