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Wine Imports Get Big Relief in Karnataka

 

by Alok Chandra  - Dated
April 2006

 
The new state budget has revised the tax on imported wines
(and beers & spirits) wef 1.4.06 quite drastically :
 
1.    The 33% 'Special Fee' on landed cost has been replaced by
       a Rs/BL tax based on 'declared price' - identical to that levied
       on domestic and BII wines
 
2.    From July 2006 all licensees can stock & sell imported beverages
      as the additional 10% fee  licence have been discontinued.
 
 
The impact on retail prices of BIO wines will be between 15 - 20%.
Assuming a mark-up of 70%, for Bangalore prices will change as follows: 
 
FOB $/btl        Old MRP     MRP wef 1.4.06   Change
                        Rs/btl            Rs/blt                %
1.50                717                    609                -15%
2.00                870                    723                -17%
3.00                1123                  914                -19%
4.00                1360                1094                -20%
5.00                1595                1269                -21% 
 

Revised Work Sheet in Excel (as of April 2006)

Alok Chandra
 

 
     
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