Image Source : PIXABAY Maharashtra: Excise duty on imported liquor reduces by 50%
Highlights
The state government earns revenue of about Rs 100 crore from the sale of imported scotch annully.
It would also curb smuggling of scotch from other states and sale of spurious liquor.
In a significant move to arrest smuggling and bootlegging of imported scotch whiskey, the Maharashtra government has slashed excise duty on imported foreign liquor by 50 per cent to bring its price on par with that in other states.
“The excise duty on imported scotch whiskey has been brought down from 300 per cent to 150 per cent of the manufacturing cost,” the official told new agency PTI.
The notification in this regard was issued on Thursday, she said.
The Maharashtra government earns revenue of about Rs 100 crore from the sale of imported scotch annually.
The revenue is expected to increase to Rs 250 crore as the sale is expected to go up from one lakh bottles to 2.5 lakh bottles, the official said.
The reduction in duty would also curb smuggling of scotch from other states and sale of spurious liquor, she added.
(with PTI inputs)
ALSO READ: Liquor likely to cost more in Delhi. Here’s why
ALSO READ: Delhi: Licensed venues won’t need separate permit to serve liquor at weddings, parties
Latest Business News
Source link
