Companies in low spirits over rents, excise duties on unsold liquor cases
Hyderabad: Around 35,000 cases of liquor and beer lying unsold in Telangana Beverages Corporation Ltd (TGBCL) depots every month attract ground rent and, in applicable cases, recovery of the balance 70% excise duty, according to industry sources. While companies pay ground rent ranging from 1.5% to 13.5% depending on how long the stocks remain in…
