Three leading alcoholic beverage industry associations have urged the Telangana government to clear Rs 3,725.73 crore in pending dues and raised concerns over a new payment mechanism that deducts cash discounts while clearing payments for current supplies within 15 days
Three major alcoholic beverage industry associations have asked the Telangana government to clear pending dues of Rs 3,725 crore before enforcing a new payment mechanism that deducts early payment discounts. They warned that prioritising recent supplies while leaving older receivables unsettled could expose companies to financial risks and audit scrutiny.
The Brewers Association of India (BAI) have urged the Telangana government to immediately allow price increases to beer companies to duly compensate for inflation
