The holder of a wine and malt beverage retailer's permit may sell:
(1) for consumption on or off the premises where sold, but not for resale, wine and malt beverages containing alcohol in excess of one-half of one percent by volume and not more than 17 percent by volume; and
(2) for consumption on the premises, the following beverages containing alcohol in excess of one-half of one percent by volume and not more than 24 percent by volume:
(A) traditional port or sherry;
(B) dessert-flavored wine; or
(C) rice wine.