The Revenue (Excise) Department, Government of Andhra Pradesh on October 15, 2024, notified regarding an amendment to the levy of additional Retail Excise Tax on Indian made Foreign Liquor, Foreign Liquor, Beer, Wine, and Ready to Drink Varieties.
The following has been stated namely: -
• It states that no retailer margin shall be allowed on Additional Retail Excise Tax (ARET).
• It states that in the case of Indian Made Foreign Liquor, Foreign Liquor, Beer, Wine, and Ready to Drink varieties supplied to licensees of bars, an additional 20.3% of ARET shall be levied on the issue price.
• It further states that in case the revised tax structure results in different MRPs for the stocks of Indian Made Foreign Liquor, Foreign Liquor, Beer, Wine and Ready to Drink varieties lying in the depots or in transit as of October 15, 2024, such differential between revised and the pre-revised MRPs shall be collected from the licensees and adjusted in the form of ARET.
This shall come into effect from October 15, 2024.
Detailed notification is attached below.
[Notification no. - G.O.Ms.No.229
