20 November,2021 11:40 AM IST | Mumbai | PTI
This picture has been used for representational purpose.
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 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.
ALSO READ
Agreement for Central Park in Mumbai signed, CM Shinde meets officials
Mumbai: Legal experts red-flag potential misuse of Zero FIR provision in BNSS
Maharashtra govt raises age cap to 65 years, drops agri land condition
CM Eknath Shinde on completion of 2 years of Mahayuti govt: 'Did a lot of work'
Oppn accuses Shinde of misleading Legislative Council over Shaktipeeth highway
Also Read:
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever