More fall-out from WTO "agreement"

Imported liquor to cost more
The Times of India
11 Jun 2009, 2318 hrs IST, Abantika Ghosh, TNN

NEW DELHI: Your taste for fine wines and single malt whiskies just got a lot more expensive. Prices of imported liquor are set to go up by 25% to 30% with the Delhi government notifying its new duty structure for imported liquor last week. This will now replace the additional customs duty that was withdrawn by the Centre in July 2007 in keeping with WTO norms.

As per the new structure, there will now be a revised vend fee which will be 30% of the MRP for brands costing up to Rs 2,000 per bottle. For more expensive brands, it will be Rs 600 plus 20% of the MRP. There is, however, a sliver of good news brands that cost Rs 1,000 per bottle or less may see a minor reduction of MRP.

As per the revised structure, here’s a rough estimate in terms of absolute prices. A bottle of Jim Beam Bourbon Black which earlier was priced at Rs 2,200 will now come for Rs 2,540. Remy Martin Cognac is up from Rs 4,540 to Rs 5,348, Asahi beer will register a small hike of Rs 6 to now cost Rs 126, Dom Perignon Champagne will now cost Rs 14,210 as against Rs 11,800 earlier and a bottle of Glenfiddich 40-year-old Single malt Scotch whisky will cost Rs 3,66,140 against Rs 3,05,200 earlier.

read the whole article