How to Start of Indian Made Foreign Liquor (IMFL)- Business as Manufacturer
How to Start of Indian Made Foreign Liquor (IMFL)- Business as Manufacturer
Indian-made foreign liquor (IMFL) is the phrase officially used by governments, corporations, and the media in India to refer to all types of hard liquor/alcohol manufactured domestically aside from indigenous alcoholic beverages like feni, arrack, toddy, etc. Whisky, brandy, rum, gin, and vodka are among the distilled spirits included in the IMFL market category.
Irrespective of the final product, a neutral spirit distilled from molasses is the first ingredient in the numerous IMFLs, setting them apart from spirits/alcohol found elsewhere in the world. First, the 96% alcohol by volume in this neutral spirit is lowered to 42.8% by utilising demineralized water, where additional flavours and alcoholic beverages are used.
At this point, caramel colouring is optional and is used to give the spirit colour. Most frequently, the spirit is blended with grain- or malt-based spirits, including imported Scotch or Irish whiskey.
There is a good chance that if you’ve been thinking about starting a liquor business, you’ve already solidified some strong preferences for various types of booze. Choosing your preferred liquor, such as vodka, whiskey, rum, or gin, is a way to combine your love of delectable cocktails with a way to make money. On the other hand, you should also make an effort to conduct research and choose the type of alcohol that will be produced most profitably and appeal to your target market.
Registration and Licence Required
As per Government regulations, a few licences are required before importing or exporting may begin IMFL.
- Applicant’s Address proof and the premise used for IMFL manufacturing.
- Applicant’s Identity proof
- Affidavit Duly Notarized – Declaring actual Possession
- Layout Plan
- Security Amount (Refundable)
- NOC (Fire Department; Municipal Corporation)
- License Fee – (May differ)
- List of directors, AOA as well as MOA
- Photograph of the authorized person
- An affidavit stating that the authorized person is not levanter when it comes to payment of dues, and stating that the applicant has no criminal background
- Following the interior rules provided by the state government for safety.
- Application with business details
- Copy of latest Income Tax return
- Physical Possession- (Approved by DDA/NDMC/MCD)
- Any business personnel must register with Importer-Exporter Code (IEC) in addition to GST, TAX and Compliances, Accounting, Trademark Registration, and creative support in Logo Designing.