🥃 Cabinet Approves New Global Tender for Liquor Security Stamp System

The Cabinet of Ministers has green-lit an International Competitive Bidding process to secure a new service provider for Sri Lanka’s liquor security marking system, ensuring continuity in revenue protection and market regulation. • Procurement Details: The tender follows a single-stage, double-cover method to appoint an operator for a five-year term. This move addresses the upcoming expiration of the current contract on January 1, 2027. • Scope of Service: The selected provider will manage both the printing of security stamps and overall system management. This applies to imported foreign liquor, locally manufactured foreign liquor, and locally produced spirits. • Strategic Objectives: The system remains a cornerstone of the Excise (Amendment) Act No. 26 of 2018, designed to: - Strengthen national tax administration and revenue collection. - Enhance traceability and authenticate products for consumer safety. - Curb illicit trade and leakages in the regulated alcohol market. • Legal Framework: The initiative, proposed by President Anura Kumara Dissanayake as Minister of Finance, adheres to existing mandates requiring mandatory security markings for all alcoholic products sold within the country. 📈