FINANCIAL CHRONICLE — The cabinet of Sri Lanka has given its approval for a proposal to invite bids from global service providers for the supply of security stamps intended for foreign alcoholic beverages, domestically bottled foreign liquor, and locally produced spirits, according to an official statement.
This initiative is in line with the legal requirement to implement security labels on all imported foreign liquor, as well as on locally manufactured foreign and domestic liquor. This requirement is stipulated in the Excise (Amendment) Act No. 26 of 2018 and further regulations that were issued in the Extraordinary Gazette No. 2249/50 in October 2021.
The existing contract with current service providers is set to conclude on January 1, 2027. Therefore, the government is seeking a new service provider to enter into a five-year agreement.
Bids will be solicited through an international competitive bidding process, which will cover both the physical security labels and the management of the data system necessary for the Sri Lanka Excise Department.
