KATHMANDU, JULY 2
The Inland Revenue Department (IRD) has issued a warning to business owners, strongly advising against engaging in the sales or distribution of smuggled alcohol products.
In a recently issued notice, the IRD has underscored its firm stance regarding the identification of multiple business owners, specifically those operating hotels, casinos, party palaces, and restaurants, who have been found to be engaged in the sale of a diverse array of illicit liquors during routine market monitoring.
The IRD, through the notice, stressed that buying and selling of domestic and imported alcoholic beverages should exclusively be conducted by authorised licence holders, as per the provisions stated in the Excise Act of 2001 and the corresponding rules of 2002.
Furthermore, for imported alcoholic products, the department mandates that the sales and distribution must occur solely at designated locations and with the proper affixing of an excise stamp.
Additionally, the IRD has emphasised that should any breaches of the aforementioned legal provisions be discovered during the monitoring process, the department will proceed to take necessary actions in strict compliance with the prevailing laws and regulation.
A version of this article appears in the print on July 3, 2023, of The Himalayan Times.
