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K’taka CM likely to hike excise duty on liquor in the 2021-22 budget

03:15 PM Feb 12, 2021 | Team Udayavani |

Bengaluru: The State government is likely to hike excise duty on liquor  in the forthcoming Budget. It is said that Chief Minister B S Yediyurappa may announce increase in the Additional Excise Duty (AED) on liquor due to the pressure from Manufacturers and traders

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According to TOI, retail traders are asking the government to increase their sales commission from 10% to 20% on MRP.  If done, then liquor will get costlier, especially, prices of premium brands may go up by Rs 500-Rs 1,000 per bottle.

 

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