The Andhra Pradesh government on Friday revised the excise duty and the trade margin on certain categories of Indian made foreign liquor with immediate effect. According to unofficial reports, the government is expected to get an additional revenue of Rs 1,400 crore from this decision.
The excise duty now ranges from Rs 47 to Rs 100 per proof litre based on the basic price of different categories of liquor. The trade margin to be charged by Andhra Pradesh Beverages Corporation (APBCL), which is the wholesale trader of liquor in the state, will range between 28% and 37% on a pre-sale point price that includes basic price, excise, countervailing duty and value added tax.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app