https://www.taxtmi.com/article/detailed?id=16966 Alcoholic liquor for human consumption is regulated through State constitutional powers over intoxicating liquors and State excise duties, creating separate State-regulated markets. Although packaged commodities generally carry maximum retail price disclosures, alcohol prices may be approved under State excise mechanisms after accounting for State-specific duties, licence fees, levies, landed cost and prescribed margins. Alcohol remains outside GST, and imported products also undergo customs, import approval, labelling and State pricing processes. A nationwide MRP is therefore impracticable where statutory charges and authorised prices differ across States. Licensed retailers must comply with applicable excise rules, licence conditions and approved price lists. en-us Sat, 18 Jul 2026 08:28:51 +0530 Sat, 18 Jul 2026 08:28:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16966 Alcoholic liquor for human consumption is regulated through State constitutional powers over intoxicating liquors and State excise duties, creating separate State-regulated markets. Although packaged commodities generally carry maximum retail price disclosures, alcohol prices may be approved under State excise mechanisms after accounting for State-specific duties, licence fees, levies, landed cost and prescribed margins. Alcohol remains outside GST, and imported products also undergo customs, import approval, labelling and State pricing processes. A nationwide MRP is therefore impracticable where statutory charges and authorised prices differ across States. Licensed retailers must comply with applicable excise rules, licence conditions and approved price lists. Articles Other Topics Sat, 18 Jul 2026 08:28:51 +0530 https://www.taxtmi.com/article/detailed?id=16966