📷 Image: Wikimedia Commons / Pinakpani
Business
Old Monk Maker Claims Maharashtra Lost ₹300 Crore in Excise Revenue Since May Plant Shutdown
✍️ Livemint
🗓 13 Oct 2026, 07:36 AM
👁 14
Old Monk’s parent company alleges that the Maharashtra government has forfeited ₹300 crore in excise revenue since the distillery ceased operations in May.
Old Monk’s parent company has publicly stated that Maharashtra has lost ₹300 crore in excise revenue since the state’s Old Monk distillery was shut down in May.
The plant, which was a major producer of the popular rum brand, was closed by the Maharashtra government following regulatory and compliance issues. The shutdown halted all production and export activities from the facility.
According to the company’s claim, the loss of ₹300 crore represents the cumulative excise duty that would have been collected on the rum produced during the period since the shutdown. The figure reflects the estimated revenue that the state could have earned had the distillery remained operational.
The statement underscores the financial impact of the plant’s closure on Maharashtra’s tax base, though no independent audit or official revenue figures have been released to confirm the claim.
The plant, which was a major producer of the popular rum brand, was closed by the Maharashtra government following regulatory and compliance issues. The shutdown halted all production and export activities from the facility.
According to the company’s claim, the loss of ₹300 crore represents the cumulative excise duty that would have been collected on the rum produced during the period since the shutdown. The figure reflects the estimated revenue that the state could have earned had the distillery remained operational.
The statement underscores the financial impact of the plant’s closure on Maharashtra’s tax base, though no independent audit or official revenue figures have been released to confirm the claim.