Maharashtra govt reduce 50 percent excise duty from imported scotch
Maharashtra govt reduce 50 percent excise duty from imported scotch
Share:

Mumbai: For alcoholic consumers, there is good news. In Maharashtra, the cost of imported whiskey has actually decreased. Yes, the state government has cut the excise duty on imported scotch whiskey by half. According to the information received, the new price of this whiskey in the state (Whisky Price) will be the same as in other states. A high authority has notified me of this. Excise tax on Scotch whisky has been reduced from 300 percent to 150 percent of the cost of production, he claimed.

According to the source, a notification in this respect was given just last Thursday. . Let us also remind you that the sale of imported Scotch generates an income of Rs.100 crores for the Maharashtra government each year (Imported Scoch). According to a senior official, the cut in excise tax (Excise Duty) on this whisky is likely to boost government income by Rs 250 crore. The sale of whiskey jumped from one lakh to two lakh bottles after this cut. It is thought that there are 5 lakh bottles in all. Officials also claim that the tariff cut will reduce scotch smuggling and the sale of counterfeit liquor from other states.

Let us also inform you that Maharashtra's imported whiskey costs have dropped as a result of the reduction in excise tax. This will enhance the state's revenue. According to reports, 1 lakh bottles are already sold every day, and with the drop in prices, the number of bottles sold per day might increase to 2.5 lakh.

India may erect barriers to cryptocurrency trading and holding

Will Odd-even system to return to Delhi? Kejriwal govt issues key instructions to drivers

EPFO board meeting Today, Watch Pension hike, interest rate on EPFO

 

 

Join NewsTrack Whatsapp group
Related News