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Old Monk sales curbs cost Maharashtra Rs 350 crore in excise revenue, maker tells Bombay high court

Old Monk sales curbs cost Maharashtra Rs 350 crore in excise revenue, maker tells Bombay high court
Photo: Times of India — Mumbai · view original

Old Monk’s maker says Maharashtra has reportedly lost around Rs 350 crore in excise revenue since FSSAI restricted sales of rum from its Khopoli unit, and that its own losses top Rs 500 crore. FSSAI says the spirit can’t be sold simply as “rum” if it uses added flavouring, and wants a “rum-like”...

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