Giving relief to industry stakeholders, the state has also extended license renewal period to five years from previous one year. The revised rates will come into effect from 1 July.
In 2022-23, excise department raked in Rs 6,281 crore in revenue (excise duty plus VAT), retaining its position as the second largest revenue contributor for the Delhi government.
With the new excise policy, quality liquor will now be sold in Punjab at lower prices as the government pushes for Indian Made Foreign Liquor in a bid to generate more revenue.
Proposed amendments likely to be placed before Bihar assembly in February, following criticism by CJI Ramana on the way cases under prohibition law are clogging courts.
Under new excise policy of Delhi govt, all 850 liquor vends have been given to private firms through open tender. The new licence holders will start sale of liquor from 17 November.
The plea, filed by Delhi Liquor Sales Association challenging Delhi govt's Excise Policy 2021-22, claimed that it was anti-poor, anti-lower strata and against the middle class.
Court tells Bihar govt to file affidavit by 25 September explaining if it plans to appoint judges and set up courts that deal only with Prohibition law violations.
Since Nitish Kumar brought in prohibition in December 2015, Bihar’s neighbours Jharkhand and West Bengal have seen steady spikes in their excise revenue.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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