Friday, December 17, 2010

largest ever excise fine in Sri Lanka :: 100 million LKR

The Excise Department today imposed a fine of Rs. 100 mn on a licensed liquor manufacturer in Hanwelle which had defrauded duty of Rs. 100 million. This is believed to be the largest ever excise fine in the country.

A Department official said that the manufacturer had officially shown a lesser stock of liquor to the department in order to reduce the tax amount despite a larger stock.

Accordingly, Rs. 50 million has been paid by the said manufacturer as fines. Two week period had been given to the manufacturer to pay the remaining fine.

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