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#TikTokViral #LKA #JITHENDRAANTONIO #JithendraAntonioTeasers #JithendraAntonio #TODDY #DrinksandRevenue #StateIncome #tiktokvirals #Music #GovernmentIncomeMachinery #ForYourPage #FYP #MovieScene #cinema #viral #TikTokVirals #ForYou #UniversalCosmology Sri Lanka's excise law history began with the Excise Ordinance of 1912, regulating alcohol production, including the traditional toddy industry. This industry has been pivotal in shaping the economy, providing livelihoods and contributing to tax revenues. Over the decades, the government has controlled production through licensing and taxation, adapting to economic changes. By the late 20th century, the focus shifted towards export-oriented industries, yet toddy remains culturally significant and economically relevant. Today, it continues to be a source of income for many, reflecting the balance between tradition and modern economic demands. Sri Lanka's toddy industry has historically contributed to the economy, though specific figures on its GDP contribution are less frequently highlighted compared to broader agricultural sectors. In 2021, the "Growing of other perennial crops," which includes toddy tapping, contributed approximately Rs. 4,061 million, accounting for about 1.2% of GDP at constant prices. The excise tax on alcohol, including toddy, has been a significant source of government revenue. Over the years, this sector has faced regulatory changes aimed at balancing traditional practices with economic growth, reflecting its ongoing importance in the national economy. - Jithendra Antonio
https://vt.tiktok.com/ZS6nY76Fj/ 🌴🍹💰🌍🍾 *"Sri Lanka's toddy industry has been a cornerstone of...