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Rs. 100M fine in excise case

16 December 2010 02:36 pm - 9     - {{hitsCtrl.values.hits}}

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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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  Comments - 9

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  • ganeshen Thursday, 16 December 2010 04:15 PM

    well !!!

    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.

    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

    Well done!

    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

    Fine fine!!

    Nihal Amarasekera Friday, 17 December 2010 05:01 AM

    Fine exercise by excice.


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