The Delhi excise department has collected revenue of Rs 6,100 crore through sale of excise duty as well as value added tax in the past six months till February. The current policy – the old excise regime (2021-22) — was implemented on September 1 last year, after the 2022-23 excise policy was scrapped amid allegations…
The Odisha Excise Department has bagged the 20th Computer Society of India, Special Interest Group on e-Governance Award. The Excise Department’s e-Abkari computerization has been selected for the award of recognition under project category for 20th Computer Society of India, Special Interest Group on e-Governance Award. A team of officers will participate in one day…
Alcoholic beverages are more than just a fad as it has emerged as an emotion that is crucial for connecting with people and your loved ones by raising toasts at conferences, weddings, and other valuable life events. In addition, customers have various liquor options at their disposal, including whisky, vodka, wine, gin, and beer, among…
The sale of alcohol touched a four-year high in 2022 rising 12 per cent to 388 million cases as compared to 2021, a report in the Economic Times (ET) said. The demand in all major segments like rum, gin, vodka, whisky and brandy increased. “In India, there has never been an issue from a demand…
Members of the International Spirits and Wines Association of India (ISWAI), an apex body of the alcobev sector, on Monday raised concerns with the UT excise department over the rising prices of all direct input materials used in liquor manufacturing industry and demanded to establish an inflation-based pricing index for alcobev industry. In the presentation…
Chandigarh’s excise revenue has shown a growth of 21.3% upto the month of December as compared to that of last financial year. As the new excise policy is in the making, directions were given by UT officers to study models of various states regarding introduction of regulatory mechanisms, to counter cases of breach and elicit…
Uttar Pradesh’s alcohol sector is all set to get a shot in the arm with investments worth Rs 16,392 crores. According to the state’s excise department, ahead of the Global Investors summit, the department has signed 17 MoUs for setting up industries based on distillery, brewing and alcohol products. Along with this, letters of intent…
Data from a Statista study was recently revealed to show how, in 2022, alcoholic drinks generated US$47,500 million in revenue in India with the market also forecast to grow by 8.86% per year (CAGR 2022–2025), The information gathered illustrates how, during the pandemic, Indian states sought permits for liquor stores to reopen and how following…
The AlcoBev industry is facing a crisis due to the double whammy of high operational costs owing to runaway inflation and high taxation, coupled with negligible or no price revisions forthcoming in most States for the last 4-5 years. Amidst this crisis, there is a persistent request by sections of the AlcoBev industry to lower…
Anheuser Busch InBev and Heineken, two of the world’s biggest brewers, said India is one of their top priority markets but demand has been restrained due to high taxes and small number of retail outlets even as it shares a similar growth trajectory with China. “There are not many countries in the world that population-wise…