Punjab Exceeds Excise Revenue Target by ₹582 Crore for 2025-26
At Rs 11,782 crore excise collection, Punjab surpasses target by Rs 582 crore: Cheema
The Indian Express
Image: The Indian Express
Punjab's Excise and Taxation Department collected ₹11,782 crore (approximately $1.42 billion USD) in excise revenue for the financial year 2025-26, surpassing its target by ₹582 crore. This marks a significant increase from ₹6,254.84 crore in 2021, showcasing effective governance and a robust excise policy.
- 01Punjab achieved ₹11,782 crore in excise revenue for 2025-26, exceeding the target by ₹582 crore.
- 02Excise revenue has nearly doubled from ₹6,254.84 crore in 2021 to the current figure.
- 03The new target for 2026-27 is set at ₹12,800 crore.
- 04The Excise Policy for 2026-27 includes a projected license fee target of ₹10,520 crore.
- 05All 207 retail liquor groups in Punjab have been allotted for the upcoming financial year.
Advertisement
In-Article Ad
Punjab's Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema announced that the state has achieved a remarkable excise revenue collection of ₹11,782 crore (approximately $1.42 billion USD) for the financial year 2025-26, surpassing the target of ₹11,200 crore by ₹582 crore. This achievement reflects a nearly 100% increase in revenue over the past four years, rising from ₹6,254.84 crore. The state government has set an ambitious target of ₹12,800 crore for 2026-27, supported by a newly formulated Excise Policy aiming for a license fee target of ₹10,520 crore, compared to ₹9,877 crore in the previous year. Cheema attributed this success to the government's proactive governance and trade-friendly policies, which have fostered confidence among licensees and ensured stability in the liquor trade, contributing to a steady revenue flow to the state exchequer.
Advertisement
In-Article Ad
The increase in excise revenue indicates a more stable economic environment for businesses in Punjab, particularly in the liquor trade, which may lead to job creation and increased government funding for public services.
Advertisement
In-Article Ad
Reader Poll
Do you support the government's excise policies in Punjab?
Connecting to poll...
Read the original article
Visit the source for the complete story.