The Excise Department charges a tax of Rs 830 on a bottle of arrack, while the Inland Revenue Department charges Rs. 120 and VAT is taxed at 28%.
Thus, the price at which a bottle of arrack can be sold duty free, including the profit on production, is Rs. 640.
Rs. 1,000 tax on 750 ml of arrack
It is reported that the government levies a tax of Rs.1,000 for a 750 ml bottle of arrack which is sold at a price of Rs.1640.
Last modified on Monday, 13 July 2020 13:08