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LIQUOR TAXATION INDIA
Global liquor companies chase Indian state dues of $400 millionAlcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies s...- Alcohol-in-beverage: Karnataka leads India’s next liquor tax experimentKarnataka becomes India's first state to adopt an Alcohol-in-Beverage excise duty structure. This new policy, effective May 11, deregulates...
- United Spirits Q4 Results: Profit jumps 27% on demand for premium liquorKarnataka, one of India's highest-tax alcohol markets, said in March it will scrap government price controls and shift to strength-based e...
- Karnataka liquor taxation: Distillers to meet CM, seek review of new alcobev tax structureAlcoholic beverage manufacturers in Bengaluru are seeking a review of proposed excise duty rules, fearing a European model's negative impac...
- Karnataka's liquor deregulation: Why United Spirits, United Breweries & Allied Blenders are Dalal Street's new favouritesKarnataka is poised for a significant policy shift in its liquor sector, moving towards deregulation. This move is expected to benefit majo...
- Why beer in Goa costs you Rs 100 but Rs 305 in Karnataka, Rs 229 in Telangana?Alcohol prices in India vary significantly across states due to differing excise duties and taxes, with Goa having the lowest levies. This ...
- High taxation rates crippling liquor trade: ISWAI"The Indian alcobev industry is in deep crisis due to inflation on one hand and high taxation rates. In this context, it is needed to decre...
- View: Taxation alone can’t be the instrument to reduce alcohol consumption & regulate safe drinkingWithin 'sin goods', there are different product categories with different nutrition levels and health impacts. Therefore, treating all of t...
- Alcobev cos note improving recovery and growth in premium spirits category post pandemic: Emkay Global reportCompanies highlighted the impact on the regular segment as consumers downtraded to cheap or country liquor in some states amid the pandemic...
- Liquor sales decline up to 60% in May-June in states with high Corona cess: ReportAfter the retail sales of liquor were resumed after six weeks of closure in May, several state governments facing shortage of financial res...
- Beer jostles for space in the Indian fridge amid Covid-19 crisis; hard spirits gain advantageWhile consumption of alcohol is not taboo in most Indian households, the habit of stocking beer in a family fridge is not routine. Its shor...
- UBS cuts price target on United Spirits by 9%The current valuation of United Spirits is not pricing in potential negative surprises.
- Beer sales back on highway to growth after a sober yearSales grew 4.6% in 2018, but companies expect numbers to taper off this year due to an increase in taxation and liquor curbs during electio...
- United Spirits expects upcoming elections to dampen spirits of liquor companiesThe Diageo-controlled maker of McDowell’s and Signature whiskey said it expects the upcoming general elections to have an impact on their s...
- Indian brand Officer's Choice, No. 2 among global spirits brandIndia is the second-largest spirits consuming country behind China and the largest whiskey drinking nation, with annual consumption reachin...
- 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...
- 93% of alcohol consumed in India is hard liquor, beer and wine far behindThe consumption of beer stood at only 7 per cent leaving wine consumption with a statistically negligible figure of 0.1 per cent.
- Centre-states talks on liquor tax plaintThe European Union’s (EU) appeal to the World Trade Organization (WTO) against discriminatory taxes levied by certain states in India on fo...
- Liquor price may sober up to one rate in IndiaIt is proposed that tax on Indian-made foreign liquor should be two-third or one-third of its MRP. In case of beer and wine, tax should be ...
- We don't wanna bottle up desireThe government is expected to bring down customs duty on imported liquor to 166% from 182% in the forthcoming budget in order to make duty ...
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