Liquor to cost more
The State government on Monday tabled a Bill to enhance the maximum rate of excise duty on Indian-made foreign spirits (IMFS) to augment its revenue.
Minister for Electricity, Prohibition and Excise, Natham R.Viswanathan, tabled a bill in the state Assembly today in this regard, seeking to amend a sub-section of the Tamil Nadu Prohibition Act, 1937.
It may be called the Tamil Nadu Prohibition (Amendment)Act, 2014, it said.
"With a view to augment the revenue of the state, it has been decided to enhance the maximum rate of excise duty leviable on Indian-Made foreign spirits from Rs 125 to Rs 250 per proof litre in the case of ordinary brands, Rs 300 per proof litre in the case of medium brands, and Rs 500 per proof litre in the case of premium brands," the statement of objects and reasons of the Bill stated.
[Proof litre prescribes the level of alcohol content. It means that there has to be 75 per cent alcohol in a litre of liquor. A case (of bottles) refers to nine litre liquor in which the strength of alcohol should be 6.75 litres.]
