Sri Lanka, Oct. 28 -- A gazette notification has been issued amending the procedures and deadlines related to the payment of excise taxes and fees on liquor production.

The gazette, which came into effect today (28), has been issued by President Anura Kumara Dissanayake, in his capacity as the Minister of Finance, Economic Stabilization, and National Policies.

The new regulations state that every license holder must pay the required excise tax on or before the specified date, as outlined in Section 22 of the Excise Ordinance.

According to the gazette, if a license holder fails to make full payment of the due tax or fee within 30 days from the prescribed date, the bottling license of that licensee will be suspended.

The Excise Departme...