In a pre-budget announcement, the government yesterday increased excise duty on alcohol and tobacco.
In terms of the revision, the price of a bottle of Arrack will go up by Rs 60, country made foreign liquor by Rs. 125, beer by Rs 25 and 50, respectively depending on the strength and Gold Leaf cigarettes by Rs. 3 per stick.
The excise duty on Molasses and Coconut arrack has been increased by Rs 1,10.00 from Rs 1,485 to 1,595 per Proof Liter, the Finance Ministry said.
On country made foreign liquor, excise duty has been increased by Rs 160.00 from Rs 1,700 to Rs 1,860 per proof liter.
The excise duty on soft beer (Alcohol strength is less than 5%) increased by Rs 40 per liter from Rs 150 to Rs 190. Other beer, which contains the alcohol strength of more than 5%, will be increased by Rs 60 from Rs 185 to Rs 245, the Ministry said.
Accordingly, the price of 625 ml bottle of less than 5% alcohol beer will be increased by Rs 25 and the beer which has the alcohol strength of more than 5% will go up by Rs 50.
The excise duty on 1,000 cigarettes of JPGP variety (Gold Leaf) has been increased from Rs 21,610 to Rs 23,750 by Rs 2,140. This will translate into a Rs. 3 increase in the price of a stick.
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