Business updates

Following the publication of the new Regulations on the affixing of excise stamps on bottles of beer and wine which was gazetted on 12 September 2019, the MCCI organised an information session for its Members on the provisions of the new Regulations on Tuesday 8 October 2019 at the MCCI.

Mr. R. G. Ramnarain, Section Head of the Excise Department of the MRA Customs was invited to explain to our operators the procedures for affixing the excise stamps on bottles of beer and wine which would be effective as from 3^rd February 2020.

Mr. Ramnarain explained that beer classified under headings 22.03 and 22.06, wine classified under headings 22.04, 22.05 and 22.06, and alcoholic products classified under heading 22.08 and in containers holding more than 50 ml would be subject to excise stamps. He further added that an allowance of 1% would be allowed for damaged stamps and that alternative markings are being considered for bottles of beer manufactured locally.

The information session was attended by some 30 Members who had the opportunity to raise their concerns and clarify the procedures with Mr. Ramnarain.  

The presentation from Mr. Ramnarain can be accessed by clicking here.

A copy of the new Regulations can be accessed by clicking here.