You are here: Home » Current Affairs » News
Tell middle class about schemes which benefitted them: PM asks ministers
icon-arrow-left
Chaos at Cochin airport over suspected hydraulic failure in flight
Business Standard

Foreign liquor, beer prices set to rise in Uttar Pradesh from April 1

According to the statement, an increment of 10 per cent has been made on licence fees of foreign liquor, beer, cannabis retail shops and model shops

Topics
Liquor | Uttar Pradesh | Beer

Press Trust of India  |  Lucknow 



liquor
The new excise policy 2023-24 was cleared by Uttar Pradesh Cabinet on Saturday

The prices of foreign and in will increase by 10 per cent with the implementation of the new excise policy from April 1, an official statement said on Sunday.

The new excise policy 2023-24 was cleared by Cabinet on Saturday.

According to the statement, an increment of 10 per cent has been made on licence fees of foreign liquor, beer, cannabis retail shops and model shops.

The government has also increased the fee for running the canteen facility at model shops to Rs 3 lakh from the present Rs 2 lakh in the new excise policy.

With the new policy, the government has also increased the licence fee and security for bonded warehouse licenses (BWFL-2A, 2B, 2C) of foreign liquor, and wine. The registration and renewal fees of the master warehouse have been increased too.

"The increase in licence fee and that of running canteen facility along with warehouse licences will eventually lead to rise in prices," said Devesh Jaiswal of the UP Sellers' Welfare Association.

"It will be too early to comment on how much the prices will increase," he added.

A 10 per cent increase on the minimum guarantee quota (MGQ) of country-made liquor has also been made in the new liquor policy. With its implementation, the country liquor sellers would have to purchase 64.15 crore bulk litres of 36 per cent alcohol-by-volume (ABV) intensity instead of 58.32 crore bulk litres in 2022-23.

The government has not made changes in the existing timings of sales despite the push from the liquor lobby to extend the sale time till 11 pm from the current 10 am to 10 pm.

However, the government has brought in the provision to increase sale time on "special occasions."

"On special occasions, the time of sale can be increased with the prior permission of the government," reads the new excise policy. These "special occasions" are yet to be defined.

The licence fee has been increased for hotel or restaurant and club bar licences by creating a special category for the authority area of Gautam Budh Nagar, municipal corporation area of Lucknow and Ghaziabad within 5 km in their vicinity whether urban or rural, reads the policy.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sun, January 29 2023. 21:38 IST

RECOMMENDED FOR YOU