Categories: HeadlinesBusiness

LNP – Five leading liquor manufacturers to face licence cancellation by Nov 30th

Five leading liquor manufacturers including W. M. Mendis and Co. Limited will face imminent risk of losing its liquor production licence, if an accumulated tax arrears of Rs.8.5 billion is not settled by November 30th,

The Department of Excise following instructions of the Treasury issued a fresh warning by early November reminding five large scale liquor producing plants in the country to settle their tax arrears by month end.

Synergy Distilleries of Kalutara, Wayamba Distilleries of Kurunegala, Finland Distilleries, Hingurana Distilleries (Pvt) Ltd and W. M. Mendis and Co. Limited along with Randenigala Distilleries Lanka (Pvt) Ltd had been notified over a two years’ span for evading tax revenue to the government.

Out of the six manufacturers Randenigala Distilleries Lanka (Pvt) Ltd. had recently settled the dues to the Excise Department and the remaining five producers had again been alerted by the authorities to pay the dues.

A senior Excise official told out of the total arrears of Rs.8.5 billion W. M. Mendis and Co. owes the largest dues of Rs.5.5 billion to the Treasury.

The licence to manufacture liquor will be suspended of the said companies if they failed to settle the dues by the end of the month and subsequent legal action would be taken against them, the official said.

Tyronne Jayamanne

Recent Posts

LNP – Who are our lawmakers for next five years? People will decide today

Sri Lankans will vote for the election of MPs to the country’s tenth Parliament today,…

10 hours ago

LNP – Police, military on high alert for today’s General Election

As the country prepares for today's general election, law enforcement authorities have mobilized a massive…

10 hours ago

LNP – “Sri Lanka is a peaceful, beautiful and friendly destination ahead of tourist season” – Foreign Ministry

Sri Lanka’s Foreign Ministry has announced that the United States today lifted the security alert…

10 hours ago

LNP – Programme to issue birth, marriage, death certificates to SL expatriates through foreign missions

The government has announced a new initiative to issue copies of birth, marriage and death…

1 day ago

LNP – Sri Lanka’s luxury tourism potential shines at inaugural South Asian Tourism Leadership Forum of SLDF

Sri Lanka’s tourism potential was spotlighted at the first ever South Asian Tourism Leadership Forum…

1 day ago

LNP – US Embassy rescinds travel restrictions for Arugam Bay

The U.S. Embassy in Colombo has lifted the travel restrictions issued to American citizens on…

1 day ago