November 19, 2018

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    Excise duty based on alcohol volume: Liquor sale decreased 11 per cent - Mangala

    August 24, 2018

    Imposing excise duty on liquor based on alcohol volume has decreased its sale 11 per cent during the last six months, Finance Minister Mangala Samaraweera yesterday said. The Minister was participating in the second reading of the Excise (Amendment) Bill in Parliament.

    Minister Samaraweera said the excise duty on liquor based on alcohol volume will also lessen the health cost that people who consume liquor with a high volume of alcohol incur to the government.

    Minister Samaraweera said the amendments include a decision to paste a sticker on every bottle of legally produced arrack. He said it will decrease the illegal liquor in the market and will increase the government excise duty revenue. The government will receive an additional revenue of nearly Rs. 20-25 BN if a sticker is pasted on every legally produced bottle of arrack as per the decision.

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