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Alcohol Stocks : Maharashtra government cuts excise duty on imported scotch by 50%.

The Maharashtra government has slashed excise duty on imported scotch whiskey by 50 per cent to bring its price on par with that in other states, a senior official said here on Friday. The excise duty on imported scotch whiskey has been brought down from 300 per cent to 150 per cent of the manufacturing cost," the official told PTI.

The notification in this regard was issued on Thursday, she said.The Maharashtra government earns revenue of about Rs 100 crore from the sale of imported scotch annually.