City
Epaper

Maharashtra govt reduces excise duty on imported liquor by 50 pc

By ANI | Updated: November 22, 2021 15:15 IST

The Maharashtra government has reduced excise duty on imported liquor by 50 per cent.

Open in App

The Maharashtra government has reduced excise duty on imported liquor by 50 per cent.

In an official statement, the state government said that this will curb the smuggling of liquor from other states and the supply of spurious liquor.

"The excise duty will be reduced from 300 per cent to 150 per cent of the manufacturing cost. Reducing excise duty will help in curbing smuggling and supply of illicit liquors," it said in the statement.

It further said that the state government expects to double its revenue.

The state government earns revenue of about Rs 100 crore from the sale of imported liquor annually.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

National'Praying for peace, happiness in society': PM Modi extends New Year greetings to nation

LifestyleToday's Horoscope, January 1, 2025: Check Your Zodiac Sign's Predictions, Lucky Numbers and Colours

InternationalWe want end to war, but not end of Ukraine: Zelensky rejects 'weak’ deal in New Year address

NationalNew Year celebrations sweep across India amid tight security and festive fervour

InternationalNorth Korea's Kim hails troops in Russia for cementing 'invincible alliance' with Moscow

Maharashtra Realted Stories

MumbaiMumbai Crime: 22-Year-Old Student Robbed, Strangled by Fake Parcel Delivery Man Inside Home in Andheri

MumbaiMumbai: Nagpada Police Bust Gold Smelting Racket; Rs 1.77 Crore Worth of Gold Seized, Three Arrested

MumbaiKolhapur NGO Allegedly Duped of Rs 30 Lakh in Fake CSR Funding Scam, Mumbai Woman Among Four Booked

MumbaiMumbai: Bomb Threat Message Found Written on Dusty Car Near Sanjay Raut’s Bhandup Residence; Police Launch Probe

MaharashtraNIA Chief Sadanand Date Appointed as New Maharashtra DGP, to Assume Charge on January 3