3 Bn. Income from booze and cigarette hike
Posted by Editor on March 31, 2012 - 1:14 pm
The Ministry of Finance and Planning said today that the estimated revenue from the increase of tax on alcohol and cigarettes would be close to 3 Billion rupees.The Ministry announced today that the price of all brands of cigarettes will be increased by Rs 1 forthwith. The Tax on imported beer was increased by Rs. 50 per Liter with the excise duty on local beer was increased by Rs. 5. Excise duty on hard liquor by Rs. 60 with immediate effect the Ministry said.
Courtesy: DM Online / Pix by Onlanka
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Mathata thitha is it over?
This is a way of telling the people that the country by way of selling liquor earns a revenue. People drink more the country needs money for survival