CIABC, a liquor industry group lobby, has urged the consumer affairs ministry to allow unfettered advertising rights for brand extensions, provided there is no misrepresentation or miscommunication. This request follows a recent government directive asking alcohol makers to submit a list of surrogate products sold under identical brand names within 15 days.
Wines priced between $5 and less than $15 will see a duty reduction from 150 per cent to 100 per cent in the first year, then decreasing gradually to 50 per cent over 10 years.
Budget 2024: The Indian alcohol industry stakeholders, in a concerted voice, seek closure of tax on ENA and a uniform tax system across the country. They also underscore the need for input tax credit.
Amrut Distilleries Pvt. Ltd. is looking to expand production capacity in Bengaluru by 30% in FY25 to cater to the rising demand for its premium single malts and high-end products.
Under the new system, hotels, restaurants and clubs (existing and that will come up) in GIFT City will be given permits for wine and dine facilities, but they will not be allowed to sell liquor bottles to people, the statement pointed out.