date:Mar 02, 2016
ter or flavored being increased from 18% to 21%. The industry experts feel that this will lead to prices of colas going up 1-2%. During last budget as well, Excise on fizzy drinks and water went up to 18% from the earlier 17.5%.
Riyaaz Amlani, president, National Restaurant Association of India, stated, while reacting to the Budget, The Union Budget 2016 was largely agrarian in nature and the restaurant and FB sector was looking forward to some impetus. While we had also hoped for some announce