ISLAMABAD: Pakistan’s Finance Bill has introduced a new Cargo Tracking System and an electronic bilty (e-bilty) mechanism to monitor the movement of goods across the country.
Under the proposed law, consignors, transporters, shipping agents, freight forwarders, consignees and other stakeholders involved in transporting goods to or from seaports, land borders, dry ports or within the country will be required to generate, carry and validate an e-bilty through the Cargo Tracking System.
The Federal Board of Revenue (FBR) will determine the procedures for implementing the e-bilty system and may use technological tools for tracking, identifying and digitally recording goods. The FBR may also impose fees for the system’s maintenance and operation.
Violations could result in fines, penalties, detention, seizure or confiscation of goods and conveyances. However, the e-bilty requirement will not apply if the goods’ value or travel distance falls below a prescribed limit or if the goods are exempted by the FBR.
The measure aims to enhance transparency and curb tax evasion in cargo transportation. If passed, the system will be enforced under the new Finance Act.