The Maharashtra government has slashed excise duty on imported scotch whiskey by 50 per cent to bring its price on par with that in other states, a senior official said here on Friday. 

“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 PTI. The notification in this regard was issued on Thursday, she said. 

The Maharashtra government earns revenue of about 100 crore from the sale of imported scotch annually. The revenue is expected to increase to 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. 

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
Download
our App Now!!



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here