First Business News Portal in English from Nepal
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.
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.
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