Punjab Newsline, Chandigarh, April 1-
Punjab cabinet minister Harpal Singh Cheema on Tuesday announced that the state's Excise and Taxation Department has reported a record-breaking Excise revenue of Rs 10,743.72 crore for the financial year 2024-25, marking an impressive annual growth rate of 16.36 percent compared to the previous fiscal year. He said that the state’s total revenue collection from VAT, CST, GST, PSDT, and Excise during FY 2024-25 stood at Rs 42289.97 crore, showcasing a growth rate of 12.47 percent crossing the Rs 40,000CR threshold for the first time in the state's history.
Disclosing this in In a press communiqué issued here, Cheema attributed the remarkable growth in Excise collection to the successful excise policies implemented by the CM Bhagwant Singh Mann-led Punjab Government. He said that the state witnessed a notable rise of Rs 598.72CR in Excise revenue, surpassing the target of Rs 10145CR for FY 2024-25. In March 2025, Punjab achieved a remarkable 30.67 percent growth rate in Excise revenue, collecting Rs 1477.04CR, a significant increase from Rs 1130.37CR in March 2024. He said that this achievement marks the first time the state has crossed the five-digit mark in Excise revenue.