Excise duty on IMFL hiked: Kerala Budget

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In order to generate additional funds for development works, the CPI(M) government in Kerala on Monday increased the liquor prices in the budget presented recently.
“Excise duty on Indian-made foreign liquor (IMFL) has been hiked by Rs 10 per litre to generate revenue of Rs 200 crore”, State Finance Minister, K N Balagopal, said while presenting the fourth budget of the second Pinarayi Vijayan government.
“The Abkari law permits levying a gallonage fee of up to 30 rupees per litre on the sale of Indian-made foreign liquor. This has been set at 10 rupees per litre,” Balagopal said. “Through this, an additional revenue of Rs 200 crore is expected”, he added.

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