NV Distilleries Battles Multi-Crore Excise Demand: Jobs Hang in the Balance
NV Distilleries is locked in a high-stakes legal battle against a multi-crore excise duty demand levied by the authorities. The distillery contends the demand is unlawful, citing existing regulations that permit advance liquor production.
The company argues that the current situation, stemming from a partial closure since 2020, has caused significant financial strain and jeopardized the livelihoods of its employees.
NV Distilleries has petitioned the court for permission to sell its sealed stock, hoping to alleviate the mounting financial losses and mitigate the impact on its workforce. The outcome will have significant implications for the distillery and the broader liquor industry.
This legal tussle highlights the challenges faced by businesses navigating complex excise regulations and underscores the potential human cost of protracted bureaucratic disputes. The case’s resolution will be keenly observed by other distilleries facing similar regulatory hurdles.
