Union Budget 2021: It was perceived that the imposition of the cess would lead to a 100 percent increase in the prices of alcoholic beverages. However, at the other end, the basic customs duty (BCD) of 150 percent on hard liquor has now been reduced to 50 percent. This means that the net impact on the price of the product would be zero. Beer did not get a customs duty cut, so the net impact on this beverage is also zeroUnion Budget 2021: Hic, hic hooray! Alcohol prices won’t go up with the new cess
Union Budget 2021: It was perceived that the imposition of the cess would lead to a 100 percent increase in the prices of alcoholic beverages. However, at the other end, the basic customs duty (BCD) of 150 percent on hard liquor has now been reduced to 50 percent. This means that the net impact on the price of the product would be zero. Beer did not get a customs duty cut, so the net impact on this beverage is also zero
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