Policy Code
  • Home
  • News
  • Decode Policy
  • Analysis
  • Blog
Blog

Delhi government mulls new excise policy; Liquor likely to become 50% costlier

by Swapnil Chaudhary February 15, 2021
by Swapnil Chaudhary February 15, 2021

A panel of experts formed by the Delhi government has recently recommended a few changes that could lead to an increase in liquor prices to around 50%. It is expected that the new prices might be a major threat for small and medium booze manufacturers as the committee recommended to abolish rum and whisky brands which are sold below Rs 140 to ensure that quality products are sold.

Delhi government is planning to introduce changes in the format of retail sales and hike the excise duty on liquor which, in turn, could push liquor rates to an all-time high in the capital territory.

As per the media reports, Delhi government formed an expert panel that has recommended an increase in the liquor prices. However, it has also proposed to raise its revenue from Indian liquor, foreign liquor and country liquor (from Rs 5,000 crore to approx. Rs 8,000 crore).

As per a report “The state government at gets excise revenue of Rs 46 crore from brand registration, Rs 4,507 crore from Indian liquor, Rs 240 crore from foreign liquor, Rs 210 crore from country liquor, Rs 170 crore from licence fee from restaurants and bars servings liquor, Rs 300 crore from export and permit fees and Rs 40 crores from retail licences. This sums up to Rs 5,068.70 crore. However, the Delhi government is keen to increase to nearly Rs 8,000 crore.”


Furthermore, the panel proposed to reduce the number of dry days in Delhi to attract buyers who visit the neighboring areas of Noida and Gurugram to buy liquor.

Lowering the legal drinking age in Delhi to 21 is also suggested by the committee along with the extension in the timings of restaurants serving liquor.

In the post-GST scenario, states have the authority on very limited areas to levy taxes, ie., VAT on petroleum products, excise duty and VAT on liquor for human consumption, stamp duty on real estate and tax or duty on electricity.

Delhi Governmentexcise policyLiquorPolicy reforms
0 comment
0
FacebookTwitterPinterestEmail
Swapnil Chaudhary

previous post
What is PM Kisan Samman Nidhi Yojana and how can farmers register for it?
next post
New mapping policy to be promising and growth ridden step for India!

You may also like

Decoding crypto dynamics for a conscious and cautious...

April 8, 2022

Adani Group to start a cement factory in...

June 30, 2021

From Covid-19 to cyclone and more: Adani Group,...

June 9, 2021

Prime Minister Modi Calls For Policies Where Farmers...

June 6, 2021

Adani Group Chhattisgarh completes acquisition of GMR Energy

May 28, 2021

WhatsApp’s New Privacy Policy Pushed Back As Government...

May 14, 2021

New Policies On The Horizon As UK And...

May 6, 2021

Production Booms As Government’s PLI Scheme Takes Flight

April 7, 2021

Government mandates dual front airbags in new cars

March 16, 2021

What is PM Kisan Samman Nidhi Yojana and...

February 13, 2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Decoding crypto dynamics for a conscious and cautious investment

    April 8, 2022
  • Adani Group to start a cement factory in Godda

    June 30, 2021
  • From Covid-19 to cyclone and more: Adani Group, Essar, and Vedanta making their way through every challenge

    June 9, 2021
  • Prime Minister Modi Calls For Policies Where Farmers Can Contribute To India’s Energy Sector

    June 6, 2021
  • Adani Group Chhattisgarh completes acquisition of GMR Energy

    May 28, 2021

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Decode Policy

  • Behind the scenes: McDonald’s franchise location policy

    July 16, 2021
  • Bengaluru gets new parking policy; vehicle owners now need permit to park cars

    February 23, 2021
  • A new draft plan for avifauna: Addressing the impact of anthropogenic activites

    February 10, 2020
  • U-Haul’s anti-nicotine policy: Intelligent or crazy contrivance

    January 17, 2020
  • Throwing some light on the new liberalized norm for fuel retailing

    December 6, 2019
  • Government to launch “One nation, One Ration Card” scheme by June 2020

    November 7, 2019

Policy Code

Policy Code

Policy code is a go-to source for business news, opinions and expert comments on the shift of country’s economy and industry specific blogs.

About

  • About Us
  • Disclaimer
  • Privacy policy
  • Terms of Service
  • Contact Us

News

  • Decoding crypto dynamics for a conscious and cautious investment

    April 8, 2022
  • Every drop matters – Coal mining companies step forward for mine water utilization

    March 17, 2022
  • Allahabad High Court to come up with Do’s and Don’ts for lawyer

    July 6, 2021
  • Facebook
  • Twitter
  • About Us
  • Disclaimer
  • Privacy policy
  • Terms of Service
  • Contact Us

© 2021 Policy Code. All Rights Reserved.

Policy Code
  • Home
  • News
  • Decode Policy
  • Analysis
  • Blog