Mumbai: Import Liquor is set to become much cheaper in Maharashtra with the state cut customs in this segment with steep 50% – from 300% to 150% in an effort to take action against smuggling and bootleging.
Thus, the price of a 1000mL import liquor bottle like Scotch whiskey, which ranges from Rs 5,800 to 14,000, will drop 35 to 40%.
Notifications issued on Thursday.
“New notifications will reduce the MRP in import whiskey around Rs 1,500-2,000.
This will put liquor rates equivalent to other countries,” said the main Secretary (Excise), Valsa Nair Singh.
‘The piece of assignment will end illegal entries from the import liquor this will end illegal entries (from the liquor) to Maharashtra.
We will be able to stop selling liquor without duties in the state and preventing the gray market.
We hope to double revenue in this sector from Rs 100 Crore to 250 Crore in one year.
Sales will rise from 1 case of lakh (bottles) every year up to 2.5 lakh cases, “said Singh.
Reduction will apply to whiskey, rum, brandy, gin and vodka and not for beer and wine, he said.” With this piece of assignment , We hope that incidents of smuggling of bottles of imports from Delhi and other countries to Maharashtra cities with flights or trains to go down, “said excise officials.
They added,” Now the price reduction call must be taken by liquor companies, which Expected to do it from Monday, “said a State Officer Crore for 2019-20 and 2020-21.
This did not occur because of Covid but because of a sudden increase in sales tax, they said.
Also, the formula to collect customs is revised before.
This adds a load A severe tax, which leads to price increases and ultimately affects the income and also sales volume.
“With this tax deduction, we expect the volume and tax revenue to grow,” officials said.
The international spirit and the Indian wine association said the decision would help bring the price of imported liquor at Maharashtra equivalent to other countries such as the cave, because the reduction would be 35% to 40%.