Guwahati: Assam government has amended the excise laws and introduced the provision of Minimum Guaranteed Revenue’ (MGR), which both wholesale and retail license holders will have to deposit in a financial year.The prices of liquor are expected to rise by 7-12 per cent. The new prices will come into effect from July 1. MGR will be additional over license fee and VAT.According to officials in the Excise department MGR will be paid quarters wise. The MGR will be fixed by the Excise Commissioner after getting approval from the State government.In another amendment, the government brought in a clause under which ‘On’ licensees can sell sealed bottles of minimum 750 ml and cannot keep bottles of lower capacity.
Assam brings in MGR for liquor licences; prices likely to rise from July 1
Assam's excise laws have been amended. A new provision, Minimum Guaranteed Revenue, will be introduced for liquor license holders. This will be an additional charge on top of existing fees and VAT. Liquor prices are expected to increase by seven to twelve percent. These new prices will be effective from July 1.
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