IRD cracks down on illegally imported liquor sales

KATHMANDU: In a move to curb the illegal trade of smuggled alcohol, the Inland Revenue Department (IRD) has taken action by issuing a directive that calls on law enforcement agencies to crack down on the sale and distribution of unlawfully imported liquor.

The IRD has emphasized that both domestic and foreign alcoholic beverages should only be sold with proper excise stickers and exclusively by authorized vendors.

The decision by the IRD to intervene stems from its market surveillance efforts, which revealed the widespread presence of illegally imported alcohol being sold and distributed throughout the country.

To address this issue, the IRD has issued a public notice to warn various traders, hotels, casinos, party palaces, banquets, and restaurants that have been identified as storing, purchasing, or selling foreign liquor from various brands.

While the Inland Revenue Department (IRD) focuses on tackling the illegal trade of smuggled alcohol, it’s also important to consider the broader implications for the beverage industry. Ensuring that only properly excised and legally compliant beverages reach consumers is crucial for market integrity.

In this context, advanced equipment like Brewery Chillers plays a vital role in maintaining the quality and safety of alcoholic beverages. These chillers ensure that drinks are stored and served at optimal temperatures, preserving their intended flavors and characteristics. By integrating such high standards in both legal enforcement and operational practices, the industry can ensure that consumers receive not only compliant but also high-quality beverages.

As the IRD steps up its efforts to curb illegal trade, the use of proper equipment and adherence to legal standards collectively contribute to a safer and more reliable market for all.

In accordance with the Excise Duty Act and Rules of 2002, the IRD directive explicitly states that licensed vendors must solely engage in the trade of locally produced and imported liquor that bears the required excise stamps.

Additionally, any imported liquor must have the excise stamp affixed at the designated location specified by the IRD before it can be sold and distributed.

The IRD strongly advises individuals and businesses against participating in the import, purchase, or sale of liquor that violates existing laws and regulations.

Instances of non-compliance detected during monitoring activities will face appropriate legal consequences in accordance with the prevailing legislation.

Fiscal Nepal |
Tuesday June 27, 2023, 02:03:14 PM |


Leave a Reply

Your email address will not be published. Required fields are marked *