State govt slashes excise duty on imported foreign liquor by 50%

The Maharashtra government has slashed excise duty on imported foreign liquor by 50 per cent to curb inter-state smuggling and bring the prices of imported liquor on par with those of other states. State government officials said the measure was expected to increase the government’s revenue by Rs 150 crore in a year. State excise department officials said that excise duty on imported whisky, brandy, rum and vodka has been brought down from 300 per cent to 150 per cent of the manufacturing cost. “We expect that the sales will…

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