Centre pushes for uniform tax to steady liquor prices across India
The proposal will help the Rs45,000 crore by sales liquor industry (excluding country liquor) to adopt a uniform retail price for brands across the country
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All MNC, are importing liquor/wines at a very low price.ie underinvoicing,,wich they call Transfer price..The customs duty is paid on transfer price & selling price is 40/50 % more than the import price. THIS IS SIMPLE CASE OF UNDER INVOICING..This underinvoicing should be stopped..I agree tax should be reduced & uniform...BUT UNDER INVOICING should be stopped otherwise THIS WILL KILL OUR INDIAN BRANDS''''(for example chivas is being imported at Rs;325/- duty is paid on the said price.. the real price is RS;750/- same is case of Black label.etc etc.same applies on wines etc etc..ALL THIS UNDER INVOICING IS DONE BY ALL MNC...
SUNIL