New Excise Policy Makes Imported Liquor Cheaper In Selected Cities Of Odisha
Bhubaneswar: The high quality imported liquor, which has been beyond the reach of common drinkers, will now be available at cheaper rate in premier outlets in Bhubaneswar and other selected cities of the state.
As per excise policy of the state government for 2022-2023, the duty on wine and imported liquor will be brought down depending on the components which determine the strength of alcohol and its market value. The new policy, which came into effect from Friday, has reduced the cost of imported whisky brands, which cost Rs 4,000-5,000 per 750-ml bottle by at least Rs 500.
For imported liquor, excise has been revised to Rs 300 per LPL (unit in which alcohol percentage in a beverage is calculated) plus 20% of market value. It was Rs 400 per LPL plus 40% of market value last year. Wine, both Indian-made and imported, will now attract Rs 200 per LPL plus 30% of its market value, according to a TOI report. Last year, it was Rs 250/ LPL plus 50% of market value for Indian wine and 30% for the imported ones.
However, the excise duty on Indian made foreign liquor (IMFL) and beer will remain unchanged. Rather, their prices may marginally go up as there is a nominal increase in licence fee for retailers.
The excise duty on wine and imported liquor has been reduced to promote consumption of high quality imported liquor with low-alcohol percentage and bring the maximum retail price in Odisha at par with other states, Excise department sources said.