Latest news with #Indian-MadeForeignLiquor
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Maharashtra hikes excise duty on liquor, introduces new category: Details
Facing a financial crunch due to its welfare schemes, the Maharashtra government has decided to raise excise duty on Indian-Made Foreign Liquor (IMFL) and country liquor, aiming to bolster its revenue stream. According to news agency PTI, the state Cabinet has approved an increase in the excise duty on IMFL, raising it from three times to 4.5 times the declared manufacturing cost, up to ₹260 per bulk litre. Additionally, the duty on country liquor will rise from ₹180 to ₹205 per proof litre. The government has also introduced a new category: Maharashtra-Made Liquor (MML), which will be grain-based. This locally produced liquor will require fresh registrations from manufacturers, aiming to expand the local liquor industry. The government has revised the minimum retail prices for 180 ml bottles across liquor categories. Country liquor will now retail at ₹80, up from ₹70. MML will retail at ₹148, while IMFL will cost ₹205, up from ₹110–₹115. Premium foreign liquor will now cost ₹360, a steep rise from the earlier ₹210. Revenue boost expected Officials estimate that the excise duty hikes will generate an additional ₹14,000 crore annually for the state exchequer. Maharashtra's financial stress is partly due to welfare schemes like the Ladki Bahin Yojana, which pays eligible women ₹1,500 per month. To manage the expanded scope of excise activities, the state has approved the creation of 1,223 new posts in the excise department — 744 regular positions and 479 supervisory roles. The state government is expected to table the relevant bill during the upcoming session of the state legislature. Alcohol prices across Indian cities Karnataka currently levies the highest liquor taxes in the country, with an 83 per cent cess on the actual price. In addition, the state government introduced a 5 per cent additional excise duty on certain products last month. As a result, Bengaluru has become the most expensive metro city for alcohol in India. In Telangana, liquor prices are shaped by a combination of state excise duty, special excise cess, and government-controlled pricing. In mid-May, the state government issued an order raising the retail price of select liquor brands by ₹10 for a quarter bottle (180 ml), ₹20 for a half bottle (360 ml), and ₹40 for a full bottle (750 ml).
&w=3840&q=100)
Business Standard
06-05-2025
- Business
- Business Standard
Haryana revises excise policy: No liquor shops in small villages, new rules
The Haryana Cabinet, led by Chief Minister Nayab Singh Saini, on Monday approved a new excise policy that brings a significant increase in liquor duties and introduces stricter rules for the sale, location, and promotion of alcohol across the state. The policy, aimed at boosting revenue and promoting responsible alcohol distribution, is expected to push excise collections beyond ₹12,000 crore. Unlike previous policies, which operated from June to May, the new excise policy will now follow the financial year. It will remain in effect until March 31, 2027. This change brings the policy cycle in line with the government's financial planning system. It marks a shift from the post-Covid approach, which had followed a June-to-May timeline. Shops in small villages to be closed One significant change is the prohibition of liquor shops in villages with populations below 500. This move is expected to impact around 152 shops across more than 700 villages in the state. The decision is seen as part of the government's broader effort to regulate alcohol availability in smaller and sensitive areas. Visibility and distance rules made stricter The government has doubled the minimum distance requirement for liquor vends from sensitive places like schools, colleges, religious places, and bus stands, from 75 metres to 150 metres. Further, no liquor shop will be allowed to be directly visible from state or national highways. Signboards, hoardings, or advertisements that are visible from highways will also be considered violations of the new rules. Strict penalties have been announced for those violating these visibility guidelines: Also Read ₹1 lakh for the first offence ₹2 lakh for the second offence ₹3 lakh for the third offence On the fourth violation, the shop's licence will be cancelled. 'These steps are being taken to limit the exposure of liquor to the general public, especially near sensitive areas and highways,' an official from the excise department said. Excise duty increased on IMFL and country liquor The government has also decided to increase excise duties on Indian-Made Foreign Liquor (IMFL) and country liquor by 5 per cent to 10 per cent. The increase is expected to contribute significantly to the state's revenue target of exceeding ₹12,000 crore from excise collections. 'This policy will help us increase revenue while keeping liquor sales under control,' said Chief Minister Nayab Singh Saini. Rules for drinking areas The new policy allows liquor vend license holders to set up drinking areas (Ahatas) within their premises, but with certain restrictions. This now requires a minimum area of 1,000 square metres for an Ahata and additional licence fees that must be paid depending on the district. Officials say this will help ensure Ahatas are set up in properly planned spaces and not in crowded or inappropriate areas. More reforms included in cabinet meeting While the excise policy took centre stage, Monday's Cabinet meeting also discussed other important issues, including cow welfare, land reforms, and support for families of martyrs. Further details on these points are expected to be released by the government in the coming days. The new excise policy reflects a clear shift in the state government's strategy—aiming to raise revenue while also regulating the liquor business more strictly and responsibly.
