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2 companies go missing after non payment of Excise taxes!

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It has been revealed that 07 institutions have pending excise tax payments and 02 companies that are to pay over Rs. 1.5 billion have gone missing without a trace.

The revelations were made during the Ways and Means Committee meeting held at the Parliament Complex yesterday (20) which was chaired by MP Patali Champika Ranawaka.

According to a parliament media release, the two companies that have gone missing are Globe Blender and Wayamba Spirits warehouse.

It is also said that these two companies have also not submitted payment plans while the other companies have worked according to the payment plans.

It has also been emphasized at the meeting to suspend the companies’ licenses by Oct. 30 if they fail to pay the arrears amount before October 15.

Meanwhile, it has also been emphasized it should be probed as to how the scam behind sticker attached to liquor bottles, was done.

It was also urged by the committee chairman to calculate the total amount of fines obtained over this scam since Sep. 07, 2023 and to calculate the total revenue loss incurred by the Excise Department in this manner.

It was further revealed that out of the samples checked, 90% of the stickers were proven as fake.

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