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The Karnataka government has reversed its decision to double the liquor excise license renewal fees
Karnataka liquor policy includes significant hikes in excise duties.
The Karnataka government has reversed its decision to double the liquor excise license renewal fees and announced a 50% hike from July 1 onwards. The latest order comes after liquor sellers and craft alcohol producers opposed the 100% hike announced on May 15, ANI reported.
According to reports, the previously proposed 100% hike was expected to boost state revenue by Rs 600–700 crore annually. The state increased the validity period of excise licenses from one year to five years, a major industry demand.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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