Total Excise Revenue for the year 25-26 is set to cross 11500 Cr
Punjab Newsline, Chandigarh, April 3-
Punjab cabinet minister Harpal Singh Cheema announced the successful completion of the allotment process for 207 Retail Excise Groups for the financial year 2025-26. The process, which commenced on March 5, 2025, and concluded on April 2, 2025, has yielded unprecedented revenue, generating an annual license fee of Rs. 9,878 crores, surpassing the projected target of Rs. 9,017 crores. This represents a 9.5% rise over the set Reserve price, marking a historic achievement for Punjab's Excise Department.
Revealing this in the press communiqué issued here, Cheema said that the Excise Department has allotted 207 retail groups successfully through online Auction and the whole process saw a very spirited response from the stakeholders. The Finance Minister attributed this outstanding success to the progressive and stakeholder-centric approach embedded in the Excise Policy 2025-26, which was designed to foster a transparent and well-regulated liquor trade.