KATHMANDU, May 29: The price of beer will increase by Rs 10 per bottle. According to the budget announced by the government for the next fiscal year, the overall price will increase due to the increase in the excise duty.
Currently, the excise duty on beer is Rs 228 per liter. It has been increased to Rs 235. Due to this, the price of beer will increase by Rs seven per liter.
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The 13 percent value addition tax is also charged on the increased seven rupees. Due to this, the price of beer will increase by Rs 10 per 650 ml bottle.
Despite the increase in excise duty, the beer producers are satisfied. Their analysis was that amid weak economic conditions, the government would massively increase the excise duty on beer. However, they were happy when it increased only by three percent. Last year, the excise duty was increased by 20 percent.
The increased excise duty rate will come into effect from Tuesday.
