The UT Excise and Taxation Department have commenced the groundwork for formulating the Excise Policy 2024-25, scheduled for implementation on April 1. Seeking recommendations from stakeholders, the department has set a submission deadline of November 30.
This fiscal year has marked a significant setback for the department, experiencing a loss of nearly Rs 150 crore. Surprisingly, 18 out of the total 95 liquor vends found no takers, even after conducting 20 e-auctions in the past nine months. Consequently, the remaining liquor quota was redistributed among the existing vend units.
Projections for the current fiscal year anticipated a revenue of Rs 830 crore, but only around Rs 600 crore has been realized thus far. The fees, ranging from Rs 3 crore to Rs 15 crore based on location, contribute to this revenue.
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Liquor contractors attribute the revenue shortfall to an imbalanced tax structure, drawing comparisons to the neighboring state of Punjab.
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