Liqour in Delhi becomes costlier from today

July 01, 2014 03:28

Liquor in national capital New Delhi is set to become costlier from today.

The rates of liquor is likely to increase by eight to 12 per cent as the revised excise duty regime and increased retailers margin component on liqour, notified by the Delhi government, would come into effect from Tuesday.

Delhi government has decided to increase the retailer's profit margin in order to promote fair play and make the liquor trade look more profitable.

According to the revised list, the retailer's profit margin component on Beer, Cidrem Alcopop has been hiked from the existing 8 per cent to 12 per cent of wholesale price.

The retailer's profit margin on Indian Made Foreign Liquor (IMFL) has been increased to 20 per cent from the existing 15-18 per cent of the wholesale price.

The retailer's profit margin on country liquor (Delhi Medium Liquor) has been increased from 3 to 6 per cent.

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