1. Alcohol prices in Assam are set to rise from April 1st.
2. The Excise Department announces significant price hikes on various alcohol brands.
3. Modification of ad-valorem taxes cited as the reason for the impending price increase.
Guwahati, March 27: In a move aimed at generating revenue and regulating alcohol consumption, the Assam Excise Department has declared a significant increase in alcohol prices slated to take effect from April 1, 2024.
The rise in prices of alcohol in Assam will be due to the modification of ad-valorem taxes on different brands of alcohol like beer, wine and ready-to-drink alcoholic beverages.
The change in the tax regime is adding additional revenue as alcohol is the third largest tax earner in Assam.
It consumes more than 5.30lakh litre of liquor daily. Average excise revenue of over ₹10 crore.
Here is the list:
Beer: Draught beer containing alcohol up to 5% v/v: Ad-valorem levy ranges from 0.73 to 0.88 times the assessed value, with a minimum of Rs. 33 to Rs. 43 per bottle of 650 ml.
Beer containing alcohol above 5%: Ad-valorem levy ranges from 0.88 to 0.88 times the assessed value, with a minimum of Rs. 43 per bottle of 650 ml.
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India-Made Spirits: Various categories including General Brand, Regular Brand, Luxury Brand, Elegant Brand, Premium Brand, and Classic Premium Brand, with ad-valorem levies ranging from 0.66 to 1.32 times the assessed value, and minimum prices per bottle ranging from Rs. 130 to Rs. 530 for 750 ml bottles.
Ready-to-Drink Alcoholic Beverages: Ad-valorem levy at 0.44 times the assessed value, with a minimum of Rs. 14 per bottle of 275 ml.
Wines: Ad-valorem levy at 0.25 times the assessed value, with a minimum of Rs. 43 per bottle of 750 ml.
