GUWAHATI: As the states across India are finding ways to generate extra revenue because of the prevailing special emergency in the country, many states have increased taxes on liquor. Even Assam has thought on the same lines and will increase excise duty slab to generate additional revenue to meet the enhanced expenditure of the government.
A highly placed source in the Assam excise department, talking to G Plus said, "We have proposed to increase 25% in MRP across all segments of IMFL, beer, wine and overseas products.”
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The source claimed that with this it is expected to realise an additional revenue of Rs 1000 crores including VAT.
The entire enhancement over the MRP will add to the state exchequer. The source claimed that this is for the first time that the duty will be increased by this government.
The source also revealed that if VAT or any other tax is increased the state will not earn the maximum benefit.
With excise duty slab increase, the state will earn all the extra revenue.
The decision was taken in a cabinet meeting held today where, after thorough discussion with neighbouring states Meghalaya, Arunachal Pradesh and Nagaland, the 25% increase was decided.
The source said that soon a notification will be issued by the excise department to this effect.
