Under the Delhi government’s new excise policy, opening of private shops from November 17 could make liquor 8-9 per cent more expensive. The Delhi government’s excise department on Thursday issued an order saying that the prices of all types of liquor are likely to go up by 8 to 9 per cent.
Know how much the prices will go up?
It may be noted that the Excise Department is currently working on fixing the maximum retail price (MRP) of liquor brands to be registered in Delhi. In this regard, a liquor trader said that an increase in the wholesale price could lead to an increase in the price of liquor by at least 5 to 10 per cent. However, the extent of the price hike will be known only after the implementation of the new retail system as per the 2021-22 excise policy.
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Senior officials of the excise department have so far declined to comment. According to the orders, in the new Excise Policy 2021-22, excise duty and value added tax (VAT) have been added to the license fee. Excise duty and VAT would be levied at the rate of one per cent on the wholesale price, on the basis of which the price of supply of liquor to retailers would be fixed.