• Source:JND
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Karnataka Premium Prices Of Liquor Reduced: The prices of premium liquor in Karnataka have been slashed, announced the state government on Tuesday, bringing relief to the revenue losses the state suffered. The prices, which came in immediate effect from Tuesday, are done to make the expensive brands pocket-friendly.

The initiative came in the wake of the losses faced by the state due to increasing prices of premium liquor. The rates of premium liquor had been revised recently, leading to consumers buying it from other border states where the cost of the premium alcohol was lower. Taking note of the same, the Karnataka government announced a slash in the price of premium liquor.

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The premium liquors including brandy, rum, gin, and whisky were quite costly in Karnataka. The Karnataka premium liquor price cut is expected to boost the local sellers, as the locals will find it affordable. The premium liquor price cut was initially planned for July 1, 2024, but due to delays in the revision process, the new prices will come into effect from August 27, Tuesday.

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Karnataka Premium Prices Of Liquor Reduced: According to a report by asianetnews, the new tariff structure for premium liquors are as always:

451-500 Rate Slab- Rs 294
501-550 Rate Slab: Additional Duty of Rs 386
551-650 Rate Slab: Duty of Rs 523
651-750 Rate Slab: Additional Duty of Rs 620
751-900 Rate Slab: Rs 770
901-1050 Rate Slab: Rs 870
1051-1300 Rate Slab: Rs 970
1301-1800 Rate Slab: Duty of Rs 1200
1801-2500 Rate Slab: Duty of Rs 1400
2501-5000 Rate Slab: Duty of Rs 1600
5001-8000 Rate Slab: Duty of Rs 2000
8001-12,500 Rate Slab: Duty of Rs 2400
12,501-15,000 Rate Slab: Duty of Rs 2600
15,001-20,000 Rate Slab: Duty of Rs 2800
Above 20,000 Rate Slab: Additional Excise Duty of Rs 3000