Hyderabad, July 01: The cash registers of the Chief Minister’s relief fund are going to ring from Wednesday.
To increase the volume of flow of money into the relief fund, the State Government, by a GO, has revised the trade margin of Andhra Pradesh Beverages Corporation Limited (APBCL) for various varieties of Indian Made Foreign Liquor (IMFL) with effect from July 1. As a result the retail prices of all categories of liquor are set to be hiked.
The GO has been issued after the Managing Director of the APBCL has submitted a proposal to the government to increase the trade margin on all categories of IMFL other than beer, wine and Ready to Drink varieties in order to raise funds towards contribution to Chief Minister’s Relief Fund.
The trade margins have been fixed for various slabs of trade. At present the margins range from 24 per cent (for trade up to Rs 300) to 26.25 per cent (for trade up to Rs 2,000).
Now these margins stand revised to 28 and 28.25 per cent respectively.
The trade margin is basic price plus excise duty plus APVAT. For trade more than Rs 2000, the margin used to be 12 per cent or 940 whichever is higher.
After revision, it has gone up to 14 per cent or Rs 1316 whichever is higher.
–Agencies–