New excise policy spells end of IFL monopoly - News Summed Up

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New excise policy spells end of IFL monopoly


gurugramUpdated: Feb 21, 2020 20:52 ISTUnder the Haryana government’s new liquor licensing policy, the excise department will issue licences to multiple vendors, with regards to Imported Foreign Liquor (IFL), to prevent monopoly in wholesale. The Haryana Cabinet on Thursday approved the new excise policy, in which they have given relief to wholesalers and hoteliers who will have a choice to buy from any licensed wholesaler, for 2020-2021. Aruna Singh, deputy excise and taxation commissioner (east), said that the move will end the monopoly and the imported liquor will be cheaper from April 1. “The excise policy of 2018 had given licence to the highest bidder to supply IFL in the state. In 2018, the excise department had issued only one licence for IFL.


Source: Hindustan Times February 21, 2020 15:23 UTC



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