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Liquor companies in Telangana demanding to clear dues

Liquor companies in Telangana face financial challenges with outstanding dues from the state government totaling Rs. 4,800 crore, prompting industry bodies to seek urgent discussions with Chief Minister A Revanth Reddy.

By Spiritz Desk
New Update
Liquor companies in Telangana demanding to clear dues

The liquor companies operating in Telangana have been suffering from outstanding overdue payments from the Telangana government, which is now amounting to Rs. 4,800 crore. Out of this close to one-third is advance excise duty that liquor companies had paid to the state government while supplying liquor stocks.

The delay in clearing their outstanding has induced liquor industry bodies such as ISWAI, Brewers Association of India and the Confederation of Indian Alcoholic Beverage Companies to seek a meeting with the Chief Minister of Telangana, A Revanth Reddy.

Liquor companies in the state are not only demanding that the state government pay their dues as it has severely impeded the industry’s cash flows but are also seeking an increase in liquor prices in Telangana because of increase in raw material and logistics costs.