header logo
Asia asset finance
Latest
Five liquor distilleries given deadline to pay arrears taxes – AG tells court
Nov 13, 202404:46 PM
Five liquor distilleries given deadline to pay arrears taxes – AG tells court

The Attorney General has informed the Supreme Court that the Department of Excise has decided to suspend the licenses of five liquor manufacturers, including W.M. Mendis & Co. Ltd., if they fail to pay arrears taxes before November 30, 2024.

 

Additional Solicitor General Nerin Pulle, representing the Excise Commissioner General, informed the court of this when a fundamental rights petition filed by social activist Sanjaya Mahawaththa and others was taken up today (13). 

 

The petition was heard before a bench comprising Justices Preethi Padman Surasena, Yasantha Kodagoda, and Priyantha Fernando.

 

The Additional Solicitor General stated that five liquor manufacturing companies including W. M. Mendis & Co Ltd and Royal Distilleries (Pvt) Ltd, that have been named as respondents, have agreed to pay the arrears by the end of the month. He also reiterated the Excise Department’s decision to suspend their licenses if payments are not made on time.

 

The three-judge panel ordered a follow-up hearing on January 22, directing the respondents to report on their progress.

 

According to the case report, the tax arrears owed by these companies amount to nearly Rs. 6 billion. 

 

The petitioners argue that the prolonged tax defaults have significantly impacted the national economy and requested that the Excise Department enforce the collection of overdue taxes and suspend licenses for non-compliance.

 

 

 

CORRECTION: The article had previously incorrectly named “Royal Casks Distilleries (Pvt)” Ltd as one of the liquor manufacturers with tax arrears and has now been corrected as “Royal Distilleries (Pvt) Ltd”.

 

 

 

MostRead
Mobitel 5g
VideoStories
“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Govt assures fair paddy prices aligned with farmers' production costs

Govt assures fair paddy prices aligned with farmers' production costs

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Lassana Flora