Shillong, May 25: The price of liquor will slightly go up after the state Cabinet on Wednesday approved re-classification of IMFL brands to increase the revenue of the state by Rs 25 crore.
Cabinet has approved the recategorisation of category of brands for Indian Made Foreign Liquor (IMFL). Due to change of rates in other neighbouring states & in order to ensure more revenue for the State, we have declassified different brands & increased the rates on few of them. pic.twitter.com/WheKylWvug
— Conrad Sangma (@SangmaConrad) May 25, 2022
After chairing the meeting, Chief Minister Conrad K Sangma said that the government has decided that there will be re-classification of categories of brands for IMFL through amendments of advolerem, MVAT on liquor and Rule 44 (10) of the Meghalaya Bonded Warehouse Rules etc.
This was after the rates in neighbouring states have changed in the past few months, he said adding therefore in the interest of ensuring that the state gets more revenue, the government has re-classified the brands and also increased the price on some of them.
Stating that alcohol will slightly be more expensive, the CM said that the government will end up earning approximately Rs 25 crore plus additional revenue with the implementation of the new decision.
Sangma further informed that depending on the brand the price will go up anything between 3-4% to 8-9%, adding most of the brands will be affected.
