The State Ministry of Finance states that there is a possibility to reduce the price of liquor and beer in the next two months.
Also, the ministry mentioned that many health problems have also arisen due to the high price of alcohol due to people resorting to illegal alcohol consumption.
As a result, it is said that the cost of medicines has also increased.
Therefore, the Ministry of Finance has informed the parties including the Excise Department to provide observations to reduce the price of alcohol and beer.
However, manufacturers point out that if there is a possibility to reduce excise duty, there is a possibility to reduce the price of alcohol and beer.
Due to the fact that the sale price of alcohol and beer is currently at a very low level, it has also had some impact on the revenue of the liquor tax.
Considering this situation, the Ministry of Finance has informed the Excise Department, the Inland Revenue Department and the Treasury to provide observations on the possibility of reducing production taxes.
What a foolish and stupid ideas? Does the government think by reducing the alcohol price the illicit production would come down? Implement a system in place to curb the illicit business as we have enough law enforcement officers at large. Increase the fine and heavy sentences and then you will see drastic drop and not otherwise. The moment the government drop the price of alcohol the illicit brewers too will bring down their prices!