Excise duty on IMFL hiked: Kerala Budget


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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