Alcobev margins to drop 150–200 bps as glass bottle shortage drives up costs: CrisilIndia's alcoholic beverage industry is grappling with profit pressures this financial year. The skyrocketing costs of glass bottles, attrib...
22 Apr, 2026, 04.29 PM IST
India-UK FTA: Duty concessions on Scotch whisky not to significantly affect Indian marketIndia's Scotch whisky import duties are set to decrease gradually over ten years under the India-UK FTA. A government official stated that ...
07 May, 2025, 11.09 AM IST
Budget 2024 impact: Will liquor prices fall as Extra Neutral Alcohol to be out of GST's purview?Budget 2024: Section 9 is being amended to take Extra Neutral Alcohol used in manufacture of alcoholic liquor for human consumption out of ...
24 Jul, 2024, 02.44 PM IST
GST Council Meeting: Tax rates slashed on millet products, molasses and other key decisionsThe Goods and Services Tax (GST) Council in India has decided to reduce the GST on millet flour in powder form from 18% to 5%. The move aim...
07 Oct, 2023, 08.31 PM IST
GST Council to mull exempting distilled alcohol used to make liquor from taxHigh distilled or extra neutral alcohol contains 95% alcohol by volume and is used for producing liquor and for industrial purposes.
05 Oct, 2023, 04.32 PM IST
North to South: On the trail for the cheapest spirits in IndiaGoa's affordable liquor prices, due to its unique tax structure, have made it a popular destination for budget-conscious travelers. While G...
25 Sep, 2023, 11.50 AM IST
Exempt fizzy, juice-based drinks from sin tax: CompaniesNew Delhi-based Indian Beverage Association (IBA), an industry group that represents Coca-Cola, PepsiCo, Red Bull and Dabur, has urged the ...
11 Jul, 2023, 01.00 AM IST
Rs 3.9 lakh crore alcohol beverage market to grow at 6.8 pc: ICRIERThe market is expected to grow at a CAGR of 6.8 per cent till 2023, it said. The industry contributes to around 15 lakh jobs. ICRIER said o...
16 Aug, 2021, 06.11 PM IST
Liquor body CIABC urges centre to not reduce customs duty on importsThe body, that represents leading liquor firms, has submitted a representation which states that any reduction in BCD must be gradual to pr...
01 Oct, 2020, 08.28 PM IST
Any import duty cut on alcoholic beverages must be gradual: Industry bodyStressing that the Indian alcoholic industry was not against reduction in BCD, CIABC Director General Vinod Giri said that the industry is ...
01 Oct, 2020, 06.00 PM IST
HC rejects plea seeking to classify masks, sanitisers as essential commoditiesThe court on Tuesday said face masks and alcohol-based sanitisers are now easily available, and hence there is no need to regulate their su...
18 Aug, 2020, 04.04 PM IST
Liquor makers seek govt's support to increase exportsIn a letter to Commerce Minister, Confederation of Indian Alcoholic Beverage Companies Director General Vinod Giri said in 2018-19, exports...
31 Dec, 2019, 04.04 PM IST
Eating out cheaper post-GST? Why it depends on your menuThe fact that alcohol still attracts VAT while food come sunder GST is one reason why restaurants are reluctant to directly decrease prices.
13 Jul, 2017, 06.14 PM IST
Eateries should cut rates of food items post GST: Hasmukh AdhiaGST will be levied on entire sum of food bill, including service charge, in a restaurant, while the value of alcohol or alcohol products co...
11 Jul, 2017, 09.05 PM IST
Breweries want beer to be delinked from hard liquors for taxesIndian beer makers have demanded that all the state governments should delink the beverage from hard alcoholic liquors as far as levying ta...
22 Feb, 2016, 08.49 PM IST
Government plans to introduce ‘sin tax’ to curb use of alcohol, tobaccoIndia has mooted the introduction of a designated "sin tax" to finance a part of the health budget during the 12th five year plan (2012-201...
22 Dec, 2012, 10.57 AM IST
- Greek deal foresees 30 bn euro in cuts: Finmin
Greece has agreed a package of austerity measures with the EU and IMF under which it will cut the deficit by 30 billion euros over three ye...
02 May, 2010, 03.40 PM IST