Supreme Court yesterday issued an interim order suspending the gazette notification that imposes minimum Rs. 200 million Excise Tax on alcohol and beer manufacturers. The new minimum Excise Tax of Rs. 200 million was imposed on spirit manufacturers through the government's interim budget. It was published in the February 13 Gazzette. The licenses of liquor manufacturers, who fail to pay this monthly Excise Tax, were to be cancelled, according to it. The court was taking up a petition filed by four alcohol and beer manufacturers. The lawyers appearing for complainants pointed out that the tax concerned have been imposed on them disregarding the production quantity and the capacity of the manufacturer in terms of size of his business and that it is unfair to impose a tax of a kind on everyone.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
Read these and more on tomorrow’s edition of the Sunday Times
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
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