Home Breaking News Foreign Liquor, Wine Become Cheaper In Odisha With Reduction In Excise Duty

Foreign Liquor, Wine Become Cheaper In Odisha With Reduction In Excise Duty

by Times One Odia
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Bhubaneswar: The Odisha Government has reduced excise duty on Foreign Made Foreign Liquor (FMFL) and wine in its Excise Policy for 2022-23, making these products cheaper in the state.

The motive behind the step is to reduce disparity in MRP with neighbouring states and promote high-quality FMFL and low-strength wine. People of Odisha were reportedly preferring to buy FMFL and wine from neighbouring states like Chhattisgarh and West Bengal due to lower price there, for which the State exchequer was incurring losses.

Excise duty on FMFL has been reduced by 15 to 20 per cent while the same on wine has been decreased by 10 to 15 per cent, official sources said.

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