sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Customs and Excise »
 Central Board of Excise and Customs to be renamed CBIC by April
 Central Board Of Excise & Customs New Delhi GST Flyers
 Hike in customs duty on electronics likely to boost revenue collection
 Customs duty raised on electronic goods
 Ministry Of Finance (Central Board Of Direct Taxes) Notification
 Refund of IGST paid on export of goods under rule 96 of CGST Rules,2017
 Customs And Central Excise Drawback – Part II
 Customs Valuation (Determination of Value of Imported Goods) Rules 2007
 Amendment to Customs Valuation Rules – Notification No. 91/2017 (NT)
 GST on Custom House Agents
 The Customs and Central Excise Duties Drawback Rules, 2017 and All Industry Rates (AIRs) of Drawback related changes

Liquor shops fined Rs1 lakh
November, 15th 2011

Over the last two weeks, the state excise department has cracked down on close to 600 liquor shops in the state for not sticking to the prescribed maximum retail price (MRP). A penalty of Rs1 lakh was also slapped on each of them, excise officials said. These sudden raids followed a recent high court directive.

The court directed liquor shop owners to stick to the MRP and issue bills for every sale transaction. "We have let off erring shops only with a fine. If they are found flouting the norms next time, we will seal their outlets," said an official of the department, pointing out how the MRP violations are rampant in the coastal region. In Hyderabad, however, things are not that bad. "This is because stores in the city usually sell below MRP, thanks to stiff competition. There is also no cartel here, again helping keep the prices under check unlike in districts," the official added.

But while these sudden checks have helped the excise department earn some additional revenue, it has predictably left liquor dealers fuming. In fact, reacting to the raids, several shops in districts such as East and West Godavari, Warangal, Anantapur and Visakhapatnam on Monday pulled down their shutters and refused to open till the court order was revised. "It is an open secret that the excise department, at the time of auction (of licences) unofficially assures bidders that they can sell above MRP to recover costs. That's the reason why people make such huge bids. So, for the department to go back on that now is incorrect," said D Venkateshwar Rao, general secretary, Andhra Pradesh State Wine Dealers Association.
suggesting that the government do away with the auction system in order to control liquor prices in the state. "Unless that is done and the bidding limit is left undefined, this problem will persist," he added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions