Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 03 2016

Indian made foreign liquor to cost more in Haryana

According to the new policy, VAT on liquor has been increased from 8 per cent to 10 per cent and additional excise duty has been rationalized and increased for country liquor to 18 per proof litre and that of IMFL to 45 per proof litre.

With Haryana cabinet giving nod to 50 per cent increase in excise duty in addition to a 2 per cent hike in VAT, country liquor (CL) and Indian made foreign liquor (IMFL) will now cost more in the state.

The decision was taken after a cabinet meeting held under chief minister Manohar Lal Khattar in which excise policy for 2016-17 financial years was approved, reported TOI.

According to the new policy, VAT on liquor has been increased from 8 per cent to 10 per cent and additional excise duty has been rationalized and increased for country liquor to 18 per proof litre and that of IMFL to 45 per proof litre.

"The increased revenue receipts will be utilized for welfare functions and social activities like sports and education," said Ram Bilas Sharma, Haryana parliamentary affairs minister.

The government has also introduced the facility of online passes and permits for transportation of liquor. Maximum retail price (MRP) of popular IMFL and beer brands or styles has been rationalized as per market trends. Excise duty remains unchanged except for draught beer and ready to drink beverages where it has been brought on par with mild beer.

E-tendering of liquor vends has been made more user-friendly while total number of retail outlets of CL and IMFL in the state will remain unchanged at 3,500. Sub-vends will be allowed in villages with population of less than 1000 only, with prior consent of the gram panchayat.

Modern shops with good facilities and machine generated point of sale would be encouraged and their number would also be increased. Maximum basic quota has been increased after 2010-11. For country liquor, basic quota has been increased from 900 to 950 lakh proof litre and that of IMFL from 500 to 550 lakh proof litre.

The export duty has been rationalized and increased as per growth potential to maximize revenue. Franchise fee, bottling fee and fee structure for bar licenses have also been rationalized and re-oriented as per market trends and opportunities.

Comment
Related opportunities
  • About Us: Established in 2012, Hot Fut Sports, a venture of..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 6000 - 50000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Fine Dine Restaurants
    About Us: A high end fine dine stand alone restaurant is..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: CMA is an international educational institution that specializes in..
    Locations looking for expansion Delhi
    Establishment year 1984
    Franchising Launch Date 2006
    Investment size Rs. 2lac - 5lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Professional Education coaching
    Aboout Us: Speciality Certified Medical Assistant a certification body of the..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
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