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Maharashtra cuts excise duty on imported liquor by 50%

The excise duty on imported scotch whiskey has been brought down from 300 per cent to 150 per cent of the manufacturing cost.

India TV Business Desk Edited by: India TV Business Desk
New Delhi Published on: November 22, 2021 11:14 IST
Maharashtra govt cuts excise duty on imported scotch by 50 per cent
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)

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