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While Karnataka charges 80% in form of excise duty on per bottle, Telangana imposes 72% duty.
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Excise officials seized 11.5 kg of whiskey-infused ice cream from a parlour in Jubilee Hills, Hyderabad on September 6. The ice cream, which contained 100ml of whiskey per kilogram, was being sold at exorbitant prices. The raid was conducted by a team led by excise superintendent Pradeep Rao. The team found that Harika Cafe was selling the whiskey-infused ice cream in 23 pieces, weighing 11.5 kg. Watch here for more details
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The Karnataka Excise Department has submitted a proposal to the government recommending setting up of liquor shops in gram panchayats with a population of over 3,000.
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The excise department of the government of the national capital territory of Delhi had last week decided not to renew the sales licence of Pernod Ricard, said official sources. India is one of the growth markets for Pernod Ricard.
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During a press conference, BJP spokesperson Gaurav Bhatia showed a picture of one Karamjeet Singh Lamba with Kejriwal and AAP MLA Saurabh Bhardwaj, and said Lamba was not only a partner in Universal Distributors that was awarded liquor contract but he also contested local body polls on AAP ticket.
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Three ad-hoc DANICS officers and six officials of the Delhi government’s excise department have also been suspended, the sources at the LG office said.
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The Centre has set itself a fiscal deficit target of 6.4 percent of GDP for FY23. However, many economists are already predicting that the target will be missed by a sizeable amount.
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Sin taxes are levied on alcohol and tobacco but their efficacy has been debated. The Chairman also said that GST collections are expected to bring in Rs 1.3-1.35 lakh crore on a monthly basis in the current fiscal despite pressures on the customs and excise fronts.
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The revenue generated in the current financial year is 23 percent less, he added.
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Answering supplementary questions, Sitharaman said many non-governmental organisations (NGOs) and consumer education forums have suggested to increase levies on tobacco products considering the health impact.
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The new excise policy will come into effect from June 1 and will be in force for just 10 months, the months of April and May having been 'dry ones' due to the corona curfew in place, officials pointed out.
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Bar codes will be put on all liquor bottles so that consumers can check whether liquor is real or not, Sanjay Bhoosreddy said.
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The rise in collections however still failed to bridge the shortfall in annual target, which could amount to Rs 810 crore.
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The disputed amount for 1.83 lakh cases was Rs 3.6 lakh crore in September 2019, thus the amount involved in still-unresolved disputes is a staggering Rs 2.9 lakh crore.
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Oil marketing companies can also be asked to slow down the pace of increase in price revisions and absorb some of the cost
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Every rupee cut of excise duty on fuel will shave off Rs 13,000 crore of Centre’s revenues annually. Any decision on a duty cut will be a political call
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The Lok Sabha today passed a bill which will ensure continuance of levy of excise on petroleum products and abolition of cess on some other items following GST rollout from July 1.
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Finance Minister Arun Jaitley today reiterated that the Centre is still aiming to roll out the Goods and Services Tax (GST) regime from April 1 if all pending issues are sorted out.
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GST council‘s Jan 16 meeting crucial for fixing new roll-out date; budget could contain half-yearly estimates of central indirect taxes to factor in mid-year implementation
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In a relief to agencies dealing with customs, excise and sevice tax evasions, the Supreme Court today stayed the operation of a Delhi High Court order restraining these from arresting the offenders till adjudication on evasion of duty concluded.
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Indian states await a big boost to their finances this year as they are on course to get an additional Rs 24,000 crore bounty or more from the Centre by way of the excise duty share on oil products this fiscal year, which is set to jump by around Rs 60,000 crore.
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The rollout of the Goods and Services Tax (GST) is expected to bring in good times for the automotive industry, which has lately struggled from tough demand conditions and faced judicial and regulatory heat on environmental issues.
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In a written reply to a question in the Lok Sabha, Minister of State for Finance Santosh Kumar Gangwar said the collections from additional duty of excise on petrol stood at Rs 17,217 crore and that of high speed diesel oil at Rs 52,592 crore during fiscal year 2015-16. This takes the total to Rs 69,863 crore.
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Indirect tax collections rose by about 37 percent during April-May compared to the same period of the last fiscal
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Rushil Decor has two new plants coming in Southern India and production will come in within 2-3 years, says MD Krupesh Thakkar.
