Meghalaya Using Hologram To Increase Excise Revenue

May 5, 2010 - PRLog -- Shillong: Comissioner of Excise has fixed May 15, 2010 for the implementation of holograms in all the liquor bottles being sold in the state, to check the leakage of revenue.

The step was come after Meghalaya Deputy Chief Minister, incharge of Finance, Dr Mukul Sangma, had recently proposed to introduce holograms in the state, to check leakage of revenue during his presentation of Budget for 2010-11. This step will help state government in generating additional revenue of Rs 10 crore annually.

Globally, holograms are used as they are highly versatile. They can be applied cost-effective to a wide variety of substrates and products as part of conventional printing, packaging and labelling processes. And while they are essentially overt features that can be recognised and verified by the common man (public). As of 2007, more than 27 countries (46% of total using tax stamp) are using on their liquor stamps.

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The Hologram Manufacturers Association of India (HOMAI) is a non-profit organisation established in 1998 to represents and promotes the interest of hologram industry in India as well as to fight against counterfeiting.