The Confederation of Indian Alcoholic Beverage Companies opposes Karnataka’s increased taxation on Indian-Made Liquor. Recent data shows steady revenue growth for IML, despite lower volume increases. Meanwhile, beer consumption has surged, but tax revenues remain low, causing concern among industry stakeholders. CIABC suggests a more balanced taxation approach between different alcoholic beverages. This situation highlights the importance of revising alcohol-related policy based on actual consumption patterns.
Read more at The Economic Times
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