Financial Insights

Maharashtra: Imported liquor to get cheaper as state cuts excise duty by 50%. 5 points

Maharashtra government has slashed the excise duty by 50% on imported liquor on Monday.

The state government said that the excise duty will be reduced from 300% to 150% on imported liquor.

Excise duty is is calculated on a per-unit basis. Meaning, if you buy 1 litre of liquor, you pay a fixed excise duty of ₹15.

The reduction in duty would also curb smuggling of scotch from other states and sale of spurious liquor.

“Reducing excise duty will help in curbing smuggling (of liquor). State is expected to get double revenue from it which is currently at ₹100 crore annually,”
the Maharashtra government said in a statement.

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