If the Specific goods are locally produced, the specific goods tax shall be charged on whichever is higher, the sale price mentioned by the factory, workshop or workplace, or the sale price stipulated by the DG and the Executive Committee of the IRD based on the market price...
2. According to the Notification No. 97, in order to implement new administration system, Ministry of Planning and Finance merged Profit Tax Department, Commercial Tax Department, Excise Department, State Lottery Department, Stamp Duty Department, the Revenue Section of the General Administration Department, and the Office of the Financial Commissioner which existed separately and formed the Internal Revenue Department on 1-10-1972 in order to administer all tax assessments.
Also known as: Internal Revenue Department