Karnataka Premium Liquor Prices: A good news has come for the liquor lovers in Karnataka. Some premium liquor has become cheaper in the state. This decision is expected to boost local sales. The prices of expensive liquor brands will come down
Karnataka Premium Liquor Prices: There is a good news for liquor lovers. Expensive brands of liquor have become cheaper in Karnataka. The Karnataka government has announced a cut in excise duty slabs. This has made the prices of premium liquor cheaper across the state. The state has reduced the slabs to match the prices of premium liquor with neighboring states. This decision is expected to boost local sales. Also, the prices of expensive liquor brands will come down. Excise revenue will also increase for the government.
Liquor traders across the state are waiting for the announcement of the new rate card. Liquor has not yet been supplied under the new rate regime. The government had notified August 27 as the date for the new price to come into effect while notifying changes in the Excise Act on August 23.
Prices expected to come down by 20 percent
Premium liquor prices in Karnataka are expected to come down by about 20 per cent. The policy change may take about a week to come into effect as the new rate card is yet to be announced. Though the new slabs for liquor came into effect from Tuesday, liquor traders said the new rate card has not been announced. Liquor under the new rate regime has not been supplied yet.
The revision in liquor rates after the slabs have been introduced has been a long-pending demand of the State government, an official told The Hindu. This is not only expected to bring down the cost of some popular brands but is also expected to increase the excise revenue for the government.
The government had notified August 27 as the date for the new price to come into effect while notifying changes in the Excise Act on August 23. Government sources said that under the new arrangement, liquor rates in Karnataka will be at par or very close to the rates of neighbouring states.
This adjustment will make premium liquor more accessible. It will increase the state’s revenue by promoting local consumption. It will also be aligned with the government’s strategy to prevent revenue loss and prevent purchases from neighbouring states.
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