National

AP raises IMFL duty structure

Our Bureau Hyderabad | Updated on November 30, 2012

The price of Indian made foreign liquor (IMFL) other than wine, beer and ready-to-drink varieties, will go up in the State, with the Andhra Pradesh Government changing the excise duty/countervailing duty structure.

The basic price up to Rs 350 per case is Rs 47 per proof litre or 85 per cent of basic price whichever is higher.

The basic price above Rs 350 and up to Rs 400 is Rs 54 per proof litre or 90 per cent of basic price which ever is higher.

Likewise, the structure has been revised for other categories through a Government order issued today.

The basic price for above Rs 400 and up to Rs 450/case will be Rs 75/proof litre, for Rs 450 and up to Rs 600/case (Rs 83/proof litre), Rs 600 and up to Rs 700/case (Rs 91/proof litre), Rs 700 and up to Rs 850/case (Rs 95/proof litre) and Rs 850 and above per case (Rs 100/roof litre).

Consequent on revising the Excise Duty structure, there will be difference in issue of price and special margin of the stocks in the inventory of various IMFL depots in the Andhra Pradesh Beverages Corporation Ltd as on November 30, 2012.

The order further states that the Andhra Pradesh VAT embedded in the additional special margin so collected should be remitted to the appropriate Government head of account.

The basic price means ex-factory price plus cost of bottles, cost of packing material, freight, insurance, handing charges and import fee. Case means nine 1,000 ml, twelve 750 ml, twenty-four 375 ML, fourty-eight 180 ML, ninety-six 90 ML bottles of IMFL.

rishikumar.vundi@thehindu.co.in

Published on November 30, 2012

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like