Karnataka: CM hikes excise duty, liquor prices to surge | Hindustan Times

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Siddaramaiah proposed to increase the existing rates of the duty on Indian Made Foreign Liquor (IMFL) by 20% on all 18 slabs. (ANI)

Karnataka: CM hikes excise duty, liquor prices to surge

The state government of Karnataka, India, has proposed a hike in additional excise duty on liquor, including beer, in its 2023-24 budget. Chief Minister Siddaramaiah presented the budget, which includes a 20% increase in duty on Indian Made Foreign Liquor (IMFL) and an increase in duty on beer from 175% to 185%. Siddaramaiah stated that even with the increase, liquor prices in Karnataka would still be lower than in neighboring states. The budget also proposed revisions to the guidance values of real estate properties in the state.

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