Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Sep, 29 2014

Govt to pass transport cess of Re 1 to Delhi liquor wholesalers

Earlier this month, Delhi Lt Governor Najeeb Jung had passed the recommendations by a High-Powered Committee for imposition of a transport cess of Re 1 on purchase of Liquor.

The proposed transport cess on purchase of liquor in the national capital is unlikely to affect consumer's much as the excise department is planning a move to pass on the additional levy to the wholesalers, says a PTI report.

"We have come up with a proposal for wholesalers to be separately charged Re 1 on every bottle due to which MRP of liquor bottles will not increase," a senior excise department official said.

Earlier this month, Delhi Lt Governor Najeeb Jung had passed the recommendations by a High-Powered Committee for imposition of a transport cess of Re 1 on purchase of each packet of cigarette or bottle of liquor in Delhi to generate funds for promoting public transport.

"We are not in favour of liquor prices increasing again as a result of the transport cess on purchase of every liquor bottle in the national capital. A proposal has been prepared in this regard and it will be sent to the Lt Governor for his final nod," the official added.

"According to the excise policy, if the transport cess is imposed, the cost per bottle of liquor will not increase by Re 1 but go up by Rs 5 to Rs 10. That may affect revenue collection. To avoid that, we are proposing that the wholesalers bear the additional Re 1 cost," the official added.

Delhi government had in July revised excise duty, making liquor costlier by 8 to 12 per cent. The government hopes to earn an additional revenue of around Rs 250 crore through the hike.

 

Comment
Related opportunities
  • Men's clothing
    About UsGranix is a progressive and trendy menswear brand by..
    Locations looking for expansion New Delhi
    Establishment year 2000
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North Delhi New Delhi
  • About Bike Studio by LA SovereignLA Sovereign Bicycles Pvt Ltd...
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required NA
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • About:Jwala Gutta’s Global Academy for Badminton is a privately owned..
    Locations looking for expansion Telangana
    Establishment year 2013
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • BRAND PROFILE Breya tailors together Indian elegance with Western style, to..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 500 - 1500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities