India: Liquor rates hiked by Delhi govt as much as 11%
FMCG SUPPLIER NEWS
IndiaExpress.com - Jun 21st, 11:44
Tipplers will have to shell out more to buy liquor in the capital with the Delhi Government approving a hike in alcohol rates as part of new excise policy, late last month.
As per the government decision, the rates of Indian-Made-Foreign liquor will go up by five per cent, while that of country-made liquor will see a rise of up to 11 per cent.
The hike in rates of liquor was proposed as part of a new excise policy which was cleared by a meeting of the Delhi Cabinet presided over by Chief Minister Sheila Dikshit.
"The new excise policy focuses on better availability of quality liquor in Delhi. The marginal hike in different quality and brands of liquor would come into force after issue of a notification," the chief minister said.
Officials said the price of country-made alcohol, being sold under an ‘Economy Liquor’ category, has been increased from Rs 120 to Rs 130 per quarts.
The rates of Delhi Medium Liquor, another category of country-made liquor, have been hiked from Rs 90 to Rs 100 per quarts, they said.
The officials said the price of IMFL has been increased by five per cent.
The government has also marginally increased the transportation cost of liquor.
Delhi is said to be the largest market for imported wine and spirits after Mumbai in the country.
From IndiaExpress.com
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