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Karnataka's Proposed Beer Tax Hike Sparks Industry Concerns

  • Karnataka government considers a 10-20% excise duty hike on strong beers.
  • Beer Association of India (BAI) urges Chief Minister to revoke the proposal.
  • BAI warns of a potential Rs 400 crore revenue drop due to decreased sales.
  • Major brands like United Breweries, AB InBev, and Carlsberg may reconsider investments.
  • New policy could increase compliance costs and complicate operations for breweries.

Source: Times Now News, Hindustan Times

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24d ago5.8K views
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