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.
Comments - 9
Dinesh Friday, 17 December 2010 12:54 AM
It is possible to know how long this company has defrauded..
FRANCIS BENEDICT Friday, 17 December 2010 02:03 AM
Well done this is the way forward to becoming the miracle of Asia
Ananda Friday, 17 December 2010 03:26 AM
Great duty by Excise Department.
Ramesh Friday, 17 December 2010 04:10 AM
ganeshen Thursday, 16 December 2010 04:15 PM
Ari Thursday, 16 December 2010 04:36 PM
Hope the fine is in addition to the recovery of the defrauded revenue of Rs. 100 mn.
Nihal Amarasekera Friday, 17 December 2010 05:01 AM
Fine exercise by excice.
Faqi Thursday, 16 December 2010 06:10 PM
Its well and good to impose large fines but could they collect such a large sum of money? That is the question.
Lakmikanth Thursday, 16 December 2010 08:51 PM
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