Faced with serious shortfall
in excise revenue,the territorial government has imposed a 20 percent special excise duty on maximum retail price uniformly on all brands of liquor products in the Union Territory.
Deputy Excise Commissioner T Sudhakar, who issued the notification imposing the new duty with immediate effect Thursday told PTI that the new duty would enable government to mop up around Rs 250 crores annually.
He said that the decision to levy the special excise duty was to ensure revenue flow to the government.
Excise revenue is a major source of revenue to Puducherry government.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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