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5.20 Some liquors are taxed on the basis of alcoholic content while others are taxed on the basis of volume. We will progressively move towards taxing liquors on the basis of alcoholic content. From 1st January 2008, I will tax beer and stout on this new basis. This is a rationalisation of duties and is not aimed at generating additional revenues. In addition, we will harmonise the Customs and Excise duty rates for beer and stout. The new rates are set out in Annex D.
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