Tag: Indian Made Liquor

Liqour sales in Karnataka has dipped in August after the State government hiked taxes in a bid to fund the poll promises. With Karnataka now being the most expensive state for spirits, decline in premiumisation and proliferation of informal supply chains is being anticipated by the industry. Karnataka Chief Minister Siddaramaiah in his first Budget after Congress’s come back hiked the additional excise duty on Indian Made Foreign Liquor (IMFL) by 20 per cent on all 18 slabs. Additionally, the duty on beer was hiked from 175 per cent...