Annual License Fee And Excise Duty Imposed On Non Potable Spirit

According to the Ministry of Finance and Mass Media, the Government has imposed an Annual License Fee of Rs 50,000 for import of non potable spirit and therefore the Treasury has imposed an Excise Duty of Rs 25 for one liter of Methanol Spirit with affect from 1st August.

Under the new regulations no person can import, export, manufacture, keep in possession, store, sell, transport, produce for sale, or display without a permit from the Commissioner General of Excise. Up to now Methanol spirit was not tax ed.

© 2017 Asian Mirror (pvt) Ltd