HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > Ministry

Foreign Liquor to become costlier in Kerala

Monday, February 5, 2018, 16:00 Hrs  [IST]
By HBI Staff | New Delhi

In the name of protecting the market of Indian Made Foreign Liquor (IMFL) in the State, Kerala government has decided to impose competitive tax on Foreign Made Foreign Liquor (FMFL). In the Budget proposals for 2018-19 presented by the State Finance Minister, Dr Thomas Issac has proposed competitive tax, special fee, etc., on FMFL. He also proposed to vest the trade of FMFL with the State Beverages Corporation to discourage illegal trade and loss of revenue to the exchequer.

Besides the import duty of 150%, the budget has proposed an additional tax of 78% on Foreign Liquor and 25% on Foreign made Wine. The basic price of FMFL will be fixed at INR 6,000 per case and for Foreign Made Wine will be fixed at INR 3,000 per case, so that the sale of FMFL does not affect the market of IMFL. Further, a special fee of INR 87.70 per proof litre will be levied according to the Abkari Act, on FMFL. A special fee of INR 1.25 per bulk litre will be levied on Foreign Made Wine, the Finance Minister said in his budget speech.

Meanwhile, the Finance Minister also proposed to rationalised the tax rate on IMFL sold in the State.  The sales tax rates of IMFL having price up to INR 400 will be fixed at 200% and for price above INR 400 will be fixed at 210.94%. The tax rate of beer will be fixed at 100%. However, the decision if implemented is not expected to impact the current rates, as the Budget proposed to do away with many cess being levied on IMFL in the state.

Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
  H&R Johnson opens sixth Experience Store in India to service Customers, Architects & Designers as a one-stop-shop
  Conrad Maldives Rangali Island Announces Opening of The Muraka, World’s First-of-its-Kind Residence
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar
PATA Adventure Travel & Responsible Tourism conference & Mart, 2019
February 13-15, Ganga Resort Rishikesh, Uttarakhand

AAHAR International Food & Hospitality Fair 2019
March 12-16, Pargati Maidan, New Delhi

Hotel Investment Conference South Asia (HICSA)
April 3 - 4, Grand Hyatt, Mumbai

© Copyright 2016 Saffron Synergies Pvt Ltd