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Alcohol is a subject in the State List under the Seventh Schedule of the Constitution of India. [10] [11] [12] Therefore, the laws governing alcohol vary from state to state. Liquor in India is generally sold at liquor stores, restaurants, hotels, bars, pubs, clubs and discos but not online.
Una Brand Desi daru. An article in the medical journal The Lancet estimated that nearly two-thirds of the alcohol consumed in India is country liquor. [citation needed] Globus spirits mentioned that India's country liquor market is about 242 million cases (over 30% of the beverage industry in India) with a growth rate of about 7% per annum. [6]
By 2022 India produced many whiskies both for the local market—the most lucrative market for whisky in the world—and export. Indian single malts comprised 15% of the local market in 2017, increasing to 33% in 2022. In the three years to 2022 sales of Indian malts increased by an annual average of 42%, compared with 7% for imported rivals. [9]
As per the new liquor law, those found indulging in unlawful import, export, transport, manufacture, possession, sale, intoxicant or liquor could attract a minimum 10 years of jail term which may extend to imprisonment for life besides a minimum fine of Rs 100,000 which may extend to Rs 1,000,000, says a report by Press Trust of India. [15]
A 750ml bottle of Zoya Special Batch Premium Gin will cost Rs.2200 in Maharashtra. The brand will also be available for global markets at the earliest. [20] ABD has filed draft papers to raise Rs. 2000 crore in IPO in June 2022 and in December 2022, SEBI approved the application. [21] [22]
(January 2022) (Learn how and when to remove this message) The MRP of this bottle of water in Sri Lanka is 90 Rupees . Maximum retail price ( MRP ) is a manufacturer-calculated price that is the highest price that can be charged for a product sold in India , Indonesia , where it is known as Harga Eceran Tertinggi ( HET ), and Bangladesh . [ 1 ]
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In 2001, prohibition was lifted once again and TASMAC became the wholesale monopoly for alcohol. In January 2002, the Tamil Nadu government under O. Panneerselvam started selling low-cost liquor through TASMAC. In 2014-15, the annual revenue of TASMAC was Rs. 26,188 crores and the company sold 48.23 lakh cases of liquor. [5]