Shillong, Sept 22: Concerns have been raised regarding the latest Excise (Amendment) Rules 2025 which was approved by the cabinet meeting held on September 12.
Addressing a press conference on Monday Samborlang Diengdoh said that speculations are that a third entity has entered into IMFL trade which will gain a certain percentage from the revenue generated through the 30% (MVAT) tax paid through the IMFL.
Meghalaya’s revenue heavily depends on taxes generated through the MVAT from HSD(Diesel) 5%, MS (Petrol) 13.5% IMFL (liquor) 30%
Revenue collected from these, contributed to the revenue of the state exchequer for meeting the requirement mainly for salaries to government employees and government school and college teachers, he said.
Through the RTI application filed, the general public who contribute massively to the state exchequers has every right to know where this revenue goes and it should not get diverted or siphoned off elsewhere
“For this third entity to gain that certain percentage for the revenue generated it is understood will slash this same percentage from the profit margin of the retailers. At present, the retailers are getting 20% profit margin form the IMFL trade. This 20% is just adequate for a retailer to meet his/her expenses such as shop rent, staff salary, electricity bills and unforeseen losses In business, Diengdoh said
