Finance ministry seeking new system to replace tapes for tobacco, alcohol duty

The finance ministry on Monday announced that it is looking into a new system for indicating that duty has been paid on alcohol and tobacco products, replacing the current watermark tape.
Through the new system, the ministry hopes to more effectively combat illicit trade and tax evasion using modern, comprehensive systems for marking and tracking products and their digital verification.
The ministry has issued an open invitation to all companies involved in this area to submit their proposals for technological solutions that could be implemented for use in tobacco products and alcoholic drinks.

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