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Interest on excise duty due from arrack merchants to be waived

By Our Staff Reporter

PONDICHERRY, APRIL 8. Chief Minister N. Rangasamy told the Assembly during question hour that a Cabinet meeting would soon be convened to decide on the waiver of interest and penal interest on excise duty due from arrack merchants to the Department of Excise since 1964.

Replying to a question from T. Jayamoorthy (Independent), the Chief Minister said nearly Rs. 14.31 crores had been due since 1974 as excise duty from 531 merchants in Pondicherry, Karaikal and Mahe. The department had levied interest and penal interest, which totalled to Rs. 22.36 crores.

The statement came in the face of a spate of demands from the members that the government waive the interest and penal interest. S.P. Sivakumar (DMK) also supported the demand for waiver of interest.

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