Colombo, Sep 2 (IANS) Sri Lanka Customs has transferred approximately three million cigarettes confiscated during the first half of 2024 at Colombo Bandaranaike International Airport (BIA) for destruction, state media reported on Monday.
The estimated street value of the cigarettes handed over to the Ceylon Tobacco Company (CTC) for destruction exceeds 75 million rupees (250,000 US dollars), said the report.
If these cigarettes had reached the Sri Lankan market, the South Asian country would have lost roughly 480 million rupees (1.6 million US dollars) in duties and other levies, according to the report, Xinhua news agency reported.
The cigarettes were primarily smuggled by passengers arriving by air, said the report.
CTC, a subsidiary of British American Tobacco (BAT), holds the monopoly of cigarette and tobacco sales in Sri Lanka, where cigarettes are subject to high taxation.
–IANS
int/as
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
