Harpal Singh Cheema, the excise minister for Punjab, announced Thursday that the state’s excise collection for the first time ever exceeded Rs 4,000 crore during the first half of a financial year, totaling Rs 4,280 crore.
According to a press release from the Punjab government, the amount of excise revenue collected during the current fiscal year up till October 12 increased by 37.62% as compared to the amount received during the same period previous year, which was Rs 3,110 crore.
Cheema ascribed the 37% surge to the new excise policy, saying it had ushered about such a paradigm shift in the Punjabi liquor industry. ‘The twin objectives of the 2022-23 Excise Policy are maximization of revenue and providing affordable quality liquor to citizens. The policy also strives to keep a stringent check on smuggling of liquor from the neighboring states through extensive enforcement and by incorporating new technological measures,’ said Cheema.