Summary:
“The duty hike benefits the government exchequer, while the industry is left high and dry.” Now, if the AED is hiked to 175 % (Rs 80.50), the selling price will be Rs 136.50.The chief minister also proposed to hike AED on draught beer from 115% to 150 %. Since then our production cost has increased,” said Shivalingaiah, secretary general of Karnataka Brewers & Distillers Association. As a consequence, consumers, who are now paying Rs 125 for a bottle of beer, will have to pay Rs 136.50 after the duty hike.At present, a bottle of beer with a base price of Rs 46 attracts excise duty of Rs 10 and AED of 150% ( Rs 69), adding up to the selling price of Rs 125. BENGALURU: Beer guzzlers will have to cough up more money as the drink is going to be expensive with chief minister H D Kumaraswamy proposing to hike additional excise duty (AED) on it in n his budget.HDK, who had hiked AED on Indian made liquor (IML) across the price slabs last year, proposed to hike AED on beer from 150 % to 175 % for 2019-20..