Tag: Excise duty

Assam government hikes excise duty on IMFL by 25 per cent

NEW DELHI:The Assam government has decided to increase the excise duty on Indian Made Foreign Liquor (IMFL) by 25 per cent, state Industry Minister Chandra Mohan Patowary said after a Cabinet meeting on Friday. This will generate an additional income of Rs 1,000 crore for the state to meet the unexpected financial burden and expenditure […]

Karnataka hikes excise duty on liquor by 11 per cent

BENGALURU: The Karnataka government on Wednesday hiked excise duty on liquor by 11 per cent to mop up revenues, two day after allowing its sale, following the easing of COVID-19 induced lockdown. This hike is in addition to the six per cent that was announced in the budget. “Yes, this 11 per cent increase in […]

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