Mumbai: The Maharashtra government is planning to increase excise duty on Indian-made foreign liquor (IMFL). The government is considering to do so to create some fiscal space for slashing the tax on petrol and diesel.
It must be noted that the duty on IMFL has not been reviewed since 2013. “The idea is to increase the excise duty on IMFL, especially on the largely consumed mid-segment liquors, so that government would earn more revenue. Then we can reduce taxes on petrol and diesel and counter the criticism (of soaring fuel prices),” an official told IANS.
The excise duty on beer was increased in 2017 while that on country liquor and military canteen liquor was hiked in 2015, he said.
When contacted, Valsa Nair-Singh, Principal Secretary of state excise department, said, “The file (proposal to review duty on IMFL) has not come to me yet. I cannot comment on it.”
Petrol Price in Maharashtra
Maharashtra’s Parbhani was the hardest hit as petrol prices on Monday shot up to Rs 89.97, the highest in India. Congress leaders led thousands of activists to stage a noisy protest outside the Andheri station bus depot, and later they got down on the railway tracks, shouting anti-government slogans. Parbhani District Petrol Dealers Association (PDPDA) President Sanjay Deshmukh said that while petrol was nearly touching the psychological barrier of Rs 90 per litre, (Rs 89.97), diesel prices stood at Rs 77.92 today. Elsewhere in Maharashtra, petrol was at Rs 88 and diesel at Rs 76, said All India Petrol Dealers Association (AIPDA) spokesperson Ali Daruwala, besides various local tax additions.