Reduction in excise duty brings down premium liquor rates

MANGALURU: That super top rate liquor emblem you all the time sought after to quaff is now inside of your succeed in, thanks to a reduction in excise responsibility. Some ultra-premium beverages are inexpensive by as much as 60%.

As in step with the brand new rates, the most-preferred drink in the top rate bracket - Johnnie Walker Black Label - that price about Rs 7,000 previous sells at Rs 5,000 now. A bottle of Johnnie Walker Blue Label Blended Scotch Whisky that sported a tag of Rs 43,000 is now available for Rs 17,000.

This is because of a transformation in the 17th responsibility slab which has made top rate, imported liquor brands much less prohibitive. The worth slash is predicted to bring in new buyers, said a senior excise official on situation of anonymity. Prices of top rate liquor in Karnataka are, in all probability, a number of the very best in the nation.

While tipplers are raring to uncork their favourite poison, vendors don't seem to be particularly excited since they'd bought instances of top rate liquor at prime rates. They can have to swallow a loss - or, make much less profit on a bottle - till they exhaust the inventory.

An event-planner said all vendors have now not revised the prices after the excise division's transfer, and added that a circle of relatives in Mangaluru needed to settle for a mocktail birthday party as it would now not purchase the preferred top rate liquor for the event.

Reduction in excise duty brings down premium liquor rates Reduction in excise duty brings down premium liquor rates Reviewed by kailash soni on April 20, 2018 Rating: 5
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