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TAX ON DISTILLED ALCOHOL
Karnataka links liquor tax to alcohol contentBengaluru's government has launched a new excise policy. Beverages will now be taxed based on their alcohol volume. This move makes beer ch...- Karnataka rolls out new alcobev policy, distillers unhappyBengaluru has a new excise duty on alcohol-in-beverage. Prices are now set by producers. The government cut liquor price slabs to make drin...
- New policy will benefit premium brands, hurt local ones, distillers tell Karnataka CM SiddaramaiahLocal alcohol manufacturers in Karnataka have urged Chief Minister Siddaramaiah to review the proposed liquor tax system, saying it favours...
- Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...
- 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...
- Liquor revenues on course but dropping sales worry distillers, retailers in KarnatakaKarnataka is on track to meet its ₹40,000 crore excise revenue target for 2025–26 despite a fall in liquor consumption after repeated tax h...
- Allied Blenders IPO: Check subscription on last day, GMP and other detailsThe IPO of Allied Blenders and Distillers was subscribed 23.49 times on its third and final day. NIIs show strong interest with 32 times su...
- Allied Blenders and Distillers IPO booked 51% on Day 1. Check GMP and other detailsAllied Blenders & Distillers IPO saw 51% subscription with promoters planning stake sale. Revenue grew 9% year-on-year to Rs 5,915 crore. I...
- Allied Blenders and Distillers IPO opens this week: 10 things to know about this Rs 1,500-cr issueThe initial public offering (IPO) of Allied Blenders and Distillers will open for subscription on June 25. The issue closes on June 27. Thr...
- 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...
- GST Council cedes right to levy tax on distilled alcohol to statesFinance Minister Nirmala Sitharaman said that Allahabad High Court had ruled that states have no power to impose tax on Extra Neutral Alcoh...
- 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.
- Urrak, the fruity cashew drink, is Goa's summer favourite, more than its well-known sibling feniWhy are urrak and feni only famous in Goa, though cashew is an international crop?
- Tax revenues up as liquor, beer sales surge in KarnatakaPeople have been picking up their favourite alcoholic beverages, probably cheering stable excise duties.
- 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...
- Restaurants knock on govt's doors for permission to sell premium country liquorAt present, most states allow restaurants and bars to sell only Indian-made foreign liquor (IMFL) or imported alcohol and beer. There is no...
- Foreign drinks stage coup in KeralaKerala State Beverages Corporation MD H Venkitesh said that the new tax regime for foreign-made liquor has been framed with the idea of dem...
- Regulator steps in: Whisky will be whisky, not rumThe draft regulations define an alcoholic beverage as a “beverage or a liquor or brew containing more than 0.5% ethyl alcohol (ethanol) by ...
- Alcohol production may come down by 5%Alcohol production in the country is estimated to decline by about five per cent this year, an industry official said.
- Globus Spirits to enter marketDelhi-based alcohol beverage company, Globus Spirits Ltd proposes to enter the capital market with an initial offer of Rs 68 crore through ...
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