July 9, 2021

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Govt hikes excise responsibility on liquor

Govt hikes excise responsibility on liquor

Srinagar, Could 17 : The Jammu & Kashmir authorities on Sunday hiked extra retail excise responsibility on liquor. The Finance division at this time issued a notification to levy extra retail excise responsibility on sale of various sorts of liquor manufacturers.

In train of the powers conferred by part 16 of Jammu and Kashmir Excise Act, Svt, 1958, and, in partial modification of SRO 128 dated 25.02.2019, learn with SO 112 dated 27.03.2020, the Authorities of Jammu and Kashmir hereby direct that there shall be levied an Extra Retail Excise Responsibility on the sale of liquor within the Union Territory of J&Ok,” reads the statutory order.

In line with notification, there shall be 50 %  extra excise retail  responsibility on most retail value of  IMFL/ FL, Whisky, Beer/RTD, Wine/Cider. The order additional said that this notification shall come into drive from Could 18, 2020.

As already reported by KNO, the federal government is planning to re-open standalone liquor vends/ wine outlets besides these situated in containment zones, malls and purchasing complexes—(KNO)

The submit Govt hikes excise responsibility on liquor appeared first on Kupwara Instances.

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