It has been recommended to terminate the agreement entered into with the Madras Security Printers Pvt Ltd if the Government Analyst‘s report is proved that the fake security tax stamp is printed in the same paper used by the Madras company, Finance Ministry sources confirmed.

The paper used by the company for the original security tax stamp and the material printing paper used in the fake security tax stamp is being verified by the Government Analyst to find out as to whether the same paper is used by racketeers.

The Commissioner General of Excise, by his letter 07.09.2023, requested the Criminal Investigation Department (CID) to investigate the locations and individuals involved in printing counterfeit security tax stamps and affixing counterfeit security tax stamps in liquor bottles.

If it is proved that Madras Security Printers Ltd breached the agreement, the company can be blacklisted and the authorities can also initiate legal proceedings against the company for allegedly allowing counterfeit security tax stamps to be printed by a third party, a senior ministry official disclosed