INTERIM BUDGET Supreme Court SUSPENDS excise tax
The Supreme Court yesterday issued an interim order staying and suspending the operation of Excise Notification bearing No. 973 published in Gazette Extraordinary bearing No.1901/19 of 13/2/2015 until the final determination of four Fundamental Rights application filed by liquor and beer manufacturers.
Ceylontoday, 2015-03-26 02:03:00
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INTERIM BUDGET Supreme Court SUSPENDS excise tax
By Stanley Samarasinghe
The Supreme Court yesterday issued an interim order staying and suspending the operation of Excise Notification bearing No. 973 published in Gazette Extraordinary bearing No.1901/19 of 13/2/2015 until the final determination of four Fundamental Rights application filed by liquor and beer manufacturers.
According to the petitioners, Minister of Finance Ravi Karunanayake on 29 January 2015 presented a budget to...
. Parliament and in the course of the budget speech announced that it was proposed to charge a tax of Rs 200 million a month on liquor and beer manufacturers.
The petitioners further stated that No. 1901/19 of 13/2/2015 Excise Notice 973 has been published announcing that liquor and beer manufacturers to pay Rs 200 million per month.
The petitioners further stated that No. 1901/19 of 13/2/2015 Excise Notice 973 has been published announcing that liquor and beer manufacturers to pay Rs 200 million per month.
The petitioners were Uvaglen (Pvt) Limited, Acme Lanka Distillers Pvt Ltd, Nippon Expo Pvt Ltd, SLOF Distillers and Blenders.
The Bench, after hearing the submissions of the counsellors, issued an interim order staying and suspending the operation of the excise notification. Minister of Finance, Ravi Karunanayake, Secretary to the Finance Ministry R.H.S. Samaratunga, L.K.G.
Gunawardana, Commissioner General of Excise, D.P.M.V. Hapuarachchi, former Commissioner General of Excise, M.A. Bodaragama, Deputy Commissioner of Excise and the Attorney General had been cited as respondents.
Saliya Peiris appeared for Uvalgen Pvt Ltd instructed by Gowry S. Thavarasa. Sanjeeva Jayawardene PC, Kushan de Alwis PC and Chula Bandara appeared for the other petitioners.
Saliya Peiris appeared for Uvalgen Pvt Ltd instructed by Gowry S. Thavarasa. Sanjeeva Jayawardene PC, Kushan de Alwis PC and Chula Bandara appeared for the other petitioners.
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