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TAX Stamps have always been an important authentication solutions used by Government authorities to curb the illicit trade, protect consumer and to increase the excise revenue. It was only 20 years ago; due to the globalization many countries started using tax stamps for the first time, especially in the Eastern Europe and Former Soviet Union. Today across the globe, 81 countries are using approximately 130 billion cigarette tax stamps and 14 billion alcohol tax
In India also, the revolution of first tax stamp was introduced by Tamilnadu State Excise Department in early eighties. Today, 22 States (including Union territories) are using approximately 11 billion tax stamps per annum. In contrast to globally, all these tax stamps are for alcohol, excluding cigarettes industry. The tax stamps were introduced in India
to prevent and minimizing the hooch tragedies, curbing the menace of duplication, as well as in increasing the excise revenue collection.
Our current cover story is on “Tax Stamp in India – An overview”. It also cover global expert view on “Product security solutions currently implemented in Turkey”. Apart from these, the issue also covers industry updates, ASPA and
member news, counterfeit seizure report and global patents.