Policy aims to generate excise revenuw of Rs 11020 CR with an increase of 8.61% as compared to last year
Punjab Newsline, Chandigarh, February 27-
The Punjab Cabinet led by the CM Bhagwant Mann gave nod to the Excise policy 2025-26 which aims to collect excise revenue of Rs. 11020 crores during the financial year 2025-26, projecting an increase of Rs. 874.05 crores (8.61%) over the previous financial year’s targets.
A decision to this effect was taken by the Council of Ministers in a meeting held under the chairmanship of the Chief Minister here at his official residence today.
Disclosing this here today a spokesperson of the Chief Minister’s Office said that against the target of Rs 10,145 crore set during the Excise policy 2024-25, the state government has collected Rs 10,200 crore, so far. Excise collection is witnessing steady surge in the state during the current regime as for the first time the collection has crossed the mark of Rs 10,000 crores.
The new policy stipulates that in order to balance the existing retail trade and to provide opportunity to ensure better and widespread participation, fresh allotment of L-2/L-14A vends for the financial year 2025-26 will be done through e-tender. The group size for the year 2025-26 has been kept at Rs. 40 crores.