Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
I want to open a bar in odisha. How I will get license to operate and what legal compliance need to be taken. Can a legal adviser from wazzeer can help me to start Bar in odisha ?
You need to apply for Liquor License through Application for Grant of License of Indian made Foreign liquor ‘Off’ shop through lottery system under Orissa Excise (Exclusive Pr...
W Network
caI want to open a bar in odisha. How I will get license to operate and what legal compliance need to be taken. Can a legal adviser from wazzeer can help me to start Bar in odisha ?
Foreign Liquor on Shop or BAR
-
W Network
ca
You need to apply for Liquor License through Application for Grant of License of Indian made Foreign liquor ‘Off’ shop through lottery system under Orissa Excise (Exclusive Privilege) Foreign Liquor Rules, 1989 in FORM B with all duly filled.
This is a time bound process:
· An importer would need to be a company registered in India with an Import Export Code (IEC) issued by the Director General of Foreign Trade, Ministry of Commerce - not difficult to get.
· To the Cost insurance fright of alcohol is to be added a levy for 1% which generates assessable value and central customs duty is 150% of assessable value and additional 4% over that making it 160% cumulatively this is the customs duty to be paid.
· The liquor label needs to be registered for one financial year then comes Excise policy and levied Fee which is a state levy All alcoholic beverages, including wines, may be imported into India under an Open General License (OGL) - meaning that no license is really required to import wines into India.
· Imported wines may be sold either duty free (against a duty-free license held by a hotel or restaurant or embassy or duty-free shops in airports) or duty paid (to licensed trade), after paying the customs duty applicable and deboning the stocks.
· Customs Duties are currently the same on both Bottled in Origin (BIO) wines and wine imported in bulk (defined as any packing of 2.0 liters or more per container): Duties are expressed as % of the CIF (Cost Insurance & Freight) rate, converted at the customs-notified rate of exchange Rate Assessment Fee1% Basic Customs Duty150% Last Point Tax4%; On the cumulative amount - theoretically reimbursable Total duties160.6%
· STATE TAXES Alcoholic beverages are a state subject in India, so each state has its own rules & regulations and duties & taxes on wine.
· All brands (whether imported or produced in India) must be registered with the Excise Department of each state. Formalities may include submitting a cost-card of prices proposed to be charged down to the MRP (Maximum Retail Price) and payment of registration fees ranging from Rs. 5, to Rs, 20,000 per label per year.000 Written permission ("Permits") need to be obtained from concerned excise authorities for movement of wines from winery/ CBW to the trade. Such permission is generally issued after payment of the state excise duties applicable; in case goods are being moved between two states, this would entail paying an Import Fee and an an Export Pass Fee.
'Get a Wazzeer' to take this discussion forward.over 3 years ago
View answer
I want to open a bar in odisha. How I will get license to operate and what legal compliance need to be taken. Can a legal adviser from wazzeer can help me to start Bar in odisha ?
Foreign Liquor on Shop or BAR
-
W Network
ca
You need to apply for Liquor License through Application for Grant of License of Indian made Foreign liquor ‘Off’ shop through lottery system under Orissa Excise (Exclusive Privilege) Foreign Liquor Rules, 1989 in FORM B with all duly filled.
This is a time bound process:
· An importer would need to be a company registered in India with an Import Export Code (IEC) issued by the Director General of Foreign Trade, Ministry of Commerce - not difficult to get.
· To the Cost insurance fright of alcohol is to be added a levy for 1% which generates assessable value and central customs duty is 150% of assessable value and additional 4% over that making it 160% cumulatively this is the customs duty to be paid.
· The liquor label needs to be registered for one financial year then comes Excise policy and levied Fee which is a state levy All alcoholic beverages, including wines, may be imported into India under an Open General License (OGL) - meaning that no license is really required to import wines into India.
· Imported wines may be sold either duty free (against a duty-free license held by a hotel or restaurant or embassy or duty-free shops in airports) or duty paid (to licensed trade), after paying the customs duty applicable and deboning the stocks.
· Customs Duties are currently the same on both Bottled in Origin (BIO) wines and wine imported in bulk (defined as any packing of 2.0 liters or more per container): Duties are expressed as % of the CIF (Cost Insurance & Freight) rate, converted at the customs-notified rate of exchange Rate Assessment Fee1% Basic Customs Duty150% Last Point Tax4%; On the cumulative amount - theoretically reimbursable Total duties160.6%
· STATE TAXES Alcoholic beverages are a state subject in India, so each state has its own rules & regulations and duties & taxes on wine.
· All brands (whether imported or produced in India) must be registered with the Excise Department of each state. Formalities may include submitting a cost-card of prices proposed to be charged down to the MRP (Maximum Retail Price) and payment of registration fees ranging from Rs. 5, to Rs, 20,000 per label per year.000 Written permission ("Permits") need to be obtained from concerned excise authorities for movement of wines from winery/ CBW to the trade. Such permission is generally issued after payment of the state excise duties applicable; in case goods are being moved between two states, this would entail paying an Import Fee and an an Export Pass Fee.
'Get a Wazzeer' to take this discussion forward.over 3 years ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.