Key Points
The Karnataka state government on Monday dismissed the fall in liquor sales in the last days of July as a usual occurrence and insisted it is not indicative of a sedate demand as a result of increase in taxes on liquor..
Chief Minister Siddaramaiah in his budget on July 7 increased the additional excise duty (AED) on Indian made liquor (IML) by 20% across all the 18 price slabs, sparking protests from the industry...
The International Spirits and Wines Association of India feared the increase in taxes might lead to people buying products from neighbouring states through informal supply chains, hurting business of licensed retailers...
The Excise department maintained that retailers lift surplus advance stock from the Karnataka State Beverages Corporation (KSBCL) days before the revision in taxes are announced by the government, and will go on selling them after the revised tax rates kick in...
It is because of this trend, noticed almost every year, that the offtake of liquor cartons from the state-owned master distributor KSBCL is poor for some time after the revised taxes take effect..
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