New Delhi: Imported Scotch whiskey is set to become more affordable in Maharashtra, as the state government has reduced the excise duty on a particular class of liquor by 50 per cent.
According to a senior official, with the latest revision in excise duty, the price of imported Scotch whiskey will be at par with other states.
“Excise duty on imported Scotch whiskey has been reduced from 300 per cent of manufacturing cost to 150 per cent,” the official said. He said that notification in this regard was issued on Thursday.
At present, the Maharashtra government gets an annual revenue of about Rs 100 crore from the sale of imported Scotch. However, the state government expects an increase of Rs 250 crore in revenue as sales are expected to increase from one lakh bottles to 2.5 lakh bottles, the official said. Read also: Delhi allows diesel cars older than 10 years to hit the roads, but with a catch
Reduction in excise duty may result in less revenue for the state. However, reduction in excise duty on imported Scotch whiskey will also curb smuggling of Scotch from other states and sale of spurious liquor. Read also: Alert to Aadhar card holders! Now you can send money through Aadhar card number; This way
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