Staring January 1, 2019, one will have to pay extra for liqour in this state as the government has hiked the excise duty, which will come into force from the new year. The hike will be in the range of 4-25 per cent and the state government is expected to earn additional revenue of Rs. 500 Cr annually.
The major hike for premium and mid-sized Indian Made Foreign Liquor (IMFL) will be in the range of 20-25 per cent and small brands will face a hike of just 5 per cent. Foreign liquor brands will face a duty of around 4 per cent now.
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On Monday, the state government issued a notification to amend Maharashtra Potable Liqour Rules, 1996 to make way for this hike.
On an annual basis, the state government receives ₹7,000 as revenue in the form of excise duty. The state is hoping that this duty hike will make up for the losses.
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