Thursday, September 29, 2016

Finance Minister summoned to supreme court.

Finance Minister summoned to  supreme court.

Sep 28, 2016

A petition has been filed in supreme courts  against the Finance Minister and 14 others for alleged tax concessions granted to 04 beer companies.

On the 27th instant for allowing tax concessions to 04 beer companies the petition had been examined.The Minister of Finance,The Secretary to the Finance ministry,The Director General of customs and others had been ordered to be present in Supreme courts on the 12th October.
 
The petition has been submitted by a group of Bikkhus.
 
These tax concessions have been allowed to 04 beer manufacturing companies including Lion brewery.The petitioners had quoted that owing to these concessions the government had incurred a loss of Rs 600 billion .What had been requested in the petition is to recover this Rs 600 billion and to utilize it for the welfare and benefit of the public.
 
The Chairman of the supreme court , supreme court Judge Vijith Mallalgoda and supreme court Judge  Preethi Padman Surasena had examined the petition.