Alcohol manufacturers have strongly objected to a decision by the Excise Department to reduce the permitted alcohol wastage allowance during the production and storage of alcoholic beverages from 1.5% to 0.1%.Industry representatives claim that the revised regulation could place…
Alcohol manufacturers have strongly objected to a decision by the Excise Department to reduce the permitted alcohol wastage allowance during the production and storage of alcoholic beverages from 1.5% to 0.1%.Industry representatives claim that the revised regulation could place an additional financial burden on major alcohol producers, which currently contribute around Rs. 23 billion in tax revenue to the government. They warned that companies may be forced to pay taxes again on alcohol quantities already lost through unavoidable production and storage processes.
