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    The Sri Lankan Finance Ministry has increased excise duties on various types of liquor and beer effective October 25, 2011. Duties were increased on wine by Rs. 60/bulk litre, arrack by Rs. 60/bulk litre, foreign liquor by Rs. 60/bulk litre, and malt liquor under 5% alcohol by Rs. 5/bulk litre and over 5% alcohol by Rs. 5/bulk litre. Excise duties were also increased on ethyl alcohol used for manufacturing licensed potable liquor, medicinal preparations, and industrial/export products. The new rates were published in Gazette Notification No. 1728/23 dated October 20, 2011.

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    The Sri Lankan Finance Ministry has increased excise duties on various types of liquor and beer effective October 25, 2011. Duties were increased on wine by Rs. 60/bulk litre, arrack by Rs. 60/bulk litre, foreign liquor by Rs. 60/bulk litre, and malt liquor under 5% alcohol by Rs. 5/bulk litre and over 5% alcohol by Rs. 5/bulk litre. Excise duties were also increased on ethyl alcohol used for manufacturing licensed potable liquor, medicinal preparations, and industrial/export products. The new rates were published in Gazette Notification No. 1728/23 dated October 20, 2011.

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    50 views2 pages

    Liquor English

    Uploaded by

    LBToday
    The Sri Lankan Finance Ministry has increased excise duties on various types of liquor and beer effective October 25, 2011. Duties were increased on wine by Rs. 60/bulk litre, arrack by Rs. 60/bulk litre, foreign liquor by Rs. 60/bulk litre, and malt liquor under 5% alcohol by Rs. 5/bulk litre and over 5% alcohol by Rs. 5/bulk litre. Excise duties were also increased on ethyl alcohol used for manufacturing licensed potable liquor, medicinal preparations, and industrial/export products. The new rates were published in Gazette Notification No. 1728/23 dated October 20, 2011.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    Press Release

    Excise Duty on Liquor Increased


    The Excise Duty on Wine, Arrack, Foreign Liquor and Malt Liquor (Beer) has been increased as follows with effect from 25.10.2011,said the Sri Lankas Finance Ministry. Duty per Proof/Bulk Litre Previous Duty (Rs.) New Duty (Rs.) Liquors other than toddy or any liquor 718/= 778/= made from any cereal (Wine) Molasses, Palmyrah, Coconut and 863/= 923/= Processed Arrack Country made foreign spirits 1003/= 1063/= Malt liquor (Absolute strength less than 80/= 85/= 5%) Malt liquor (Absolute strength 5% and 96/= 101/= above) Note: This Excise Duty is not applicable for export of Liquor The above new rates have been published in the Extraordinary Gazette Notification No. 1728/12 dated 19.10.2011. Category

    Press Release

    Excise Duty on Spirit (Ethyl Alcohol) Increased


    Excise duty on spirit (Ethyl Alcohol) has been revised as follows with effect from 25.10.2011. Article Spirit (Ethyl Alcohol) to be used by licensed manufactures of potable liquor on which excise duty is otherwise payable, or by Government Departments, Hospitals and Research and Educational Institutions as approved by the Government. Spirit (Ethyl Alcohol) to be used in the, manufacturing of medicinal preparations, industrial purposes and manufacturing of finished products to be exported, by approved Institutions as per the following limits; i. upto 20,000 litres per month Rupees Two Hundred Rupees Two Hundred and (Rs.200/-) per bulk litre Fifty (Rs.250/-) per bulk litre ii. above 20,000 litres per month Rupees Five Hundred and Fifty (Rs.550/-) per Rupees Six Hundred (These conditions should be applied to bulk litre (Rs.600/-) per bulk litre spirits which are used for re-distillation, as well.) But, this duty shall not be applicable for import of Spirit (Ethyl Alcohol) to be used in purposes and limits mentioned in (i) above. Impure Ethyl Alcohol spirits (Technical Rupees One Hundred Rupees One Hundred and spirits/weak spirits) and Twenty Five Fifty (Rs.150/-) per bulk (Rs.125/-) per bulk litre litre Previous Duty New Duty

    1.

    Nil

    Nil

    2.

    3.

    The above new rates have been published in the Extraordinary Gazette Notification No. 1728/23 dated 20.10.2011.

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