-
Be the first to like this
Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our User Agreement and Privacy Policy.
Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our Privacy Policy and User Agreement for details.
Published on
TAX Stamps have always been an important authentication solutions used by Government authorities to curb the illicit trade, protect consumer and to increase the excise revenue. It
was only 20 years ago; due to the globalization many countries started using tax stamps for the first time, especially in the Eastern Europe and Former Soviet Union. Today across
the globe, 81 countries are using approximately 130 billion cigarette tax stamps and 14 billion alcohol tax stamps. In India also, the revolution of first tax stamp was introduced by Tamilnadu State Excise Department in early eighties. Today, 22 States (including Union Territories) in India are using approximately 11 billion tax stamps per annum. In contrast to
globally, all these tax stamps are for alcohol, excluding cigarettes industry. The introduction of tax stamps has help State Excise Department in minimizing the hooch tragedies,
curbing the menace of duplication, as well as in increasing the excise revenue collection. This article is an overview of TAX STAMPS in INDIA.
Be the first to like this
Login to see the comments