📈 Cabinet Approves Rs. 1.3 Bn Excise Revenue System Upgrade

• The Cabinet of Ministers has approved the award of a Rs. 1.3 billion contract for a new revenue administration system for the Excise Department. • The contract, which is tax-free, was granted to MillenniumIT ESP Ltd. and Metropolitan Technologies Ltd. This project contributes to the national ICT/BPM sector's involvement in public sector digitalization. • The new system will cover the design, development, implementation, and maintenance of the revenue administration structure. • Expected outcomes include improved efficiency via integrated data exchange, strengthened risk management and revenue reconciliation, and enhanced transparency and accountability in excise operations. • The approval followed the dismissal of three appeals that had been submitted to the Procurement Appeals Board regarding the tender process.