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flag Sri Lanka's Excise Department proposes a 50% tax settlement to reinstate a liquor company's license.

flag The Excise Department in Sri Lanka proposes a 50% tax settlement of Rs.5.8 billion owed by W.M. flag Mendis and Co., a local liquor giant, to restore its production license. flag The plan, aimed at regaining tax arrears and preserving jobs for 600 employees and 1,500 dependents, requires the company to present a repayment proposal. flag The license was suspended on December 4th due to unpaid taxes.

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