RFID is taking the world by storm but lowering the price of the tag is a necessity in order to completely replace barcode systems with RFID systems. Researchers around the world have been working on chipless RFID systems. In this paper we present a novel chipless RFID system for barcode replacement. The system can be effectively used in conveyor belt applications. It uses spectral signatures to encoded data and hence provide a unique ID for every tagged object. The chipless tag is fully passive and planar.