A digital tax stamp (or mark) is a unique and distinctive sign that is placed in the form of a physical sticker or a digital code containing encrypted digital data, which is applied to excisable goods and activated electronically. Manufacturers and importers of excisable goods related to digital excise stamps must comply with the regulations and procedural rules issued for this purpose in or this purpose in order to be able to legally import, manufacture and sell these excisable goods.

Excise taxes are taxes levied on specific goods or services, such as fuel, tobacco, and alcohol. First of all, these are taxes that businesses have to pay, usually indirectly raising prices for consumers. Excise taxes can be ad valorem (paid as a percentage) or specific (the cost is charged per unit). Since taxes are a form of excise tax on goods that have high social costs, such as alcohol sts, such as alcohol and tobacco.

The key task of the track-and-trace feature is to show the whole navigation of goods and money turnover along the company. This is achieved through scanning unique barcodes – creating an audit trail of its journey as it passes through the supply chain. Which means that the CRE will not approve any transaction conducted with the product that was not registered in the system at the moment system at the moment of its arrival to the warehouse.

This audit trail helps businesses to:

Moreover, such system paves the way for Big Data analysis so that each transaction will be traced and accounted for in the financial results of the company. All of these points are of particular importance to businesses working in highly regulated sectors where there are legal traceability requirements, such as pharmaceuticals or food, which rely on transparent supply chains to function. There are a number of benefits that effective track and trace brings to a supply chain, including: