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Business News/ Politics / Policy/  Tamil Nadu hikes liquor prices to stem fall in revenue
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Tamil Nadu hikes liquor prices to stem fall in revenue

Tamil Nadu State Marketing raised prices by Rs10 for a 180 ml bottle

Tamil Nadu levies excise duty on liquor manufactured in the state and a special fee on alcohol manufactured in other states but sold in the state. Photo: HTPremium
Tamil Nadu levies excise duty on liquor manufactured in the state and a special fee on alcohol manufactured in other states but sold in the state. Photo: HT

Chennai: Tamil Nadu on Wednesday hiked levies on alcohol to stem a fall in revenues from the sale of liquor.

Tamil Nadu State Marketing Corp. Ltd (Tasmac) raised prices by 10 for a 180 ml bottle. In October 2003, the government passed an amendment to the Tamil Nadu Prohibition Act, 1937, making Tasmac the sole retailer of alcohol in the state.

The state earned a revenue of 21,641 crore in 2013-14, marginally lower than 21,680.67 crore the previous year, official data shows.

Tamil Nadu levies excise duty on liquor manufactured in the state and a special fee on alcohol manufactured in other states but sold in the state.

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Published: 20 Aug 2014, 12:24 PM IST
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