Shimla: In the financial year 2023-24, excise policy is expected to fetch Rs 2,800 crore as revenue to the Himachal Pradesh state exchequer with an overall 40% jump against the expected revenue of Rs 2,357 crore. In the last 15 years or so, the excise policy of the state government has never witnessed an increase…
Excise remains a top revenue grosser in Uttar Pradesh for the second consecutive year. The revenue was higher by 14 per cent as compared to the previous fiscal year (2021-22) when the state registered a collection of Rs 36,321 crore. The Uttar Pradesh excise department has created a record by generating revenue of Rs 41,250…
Drinks giant Pernod Ricard is facing “massive losses” to business in India because its brands have not been available in the capital New Delhi for six months due to a licence issue delay, according to documents and sources. The issue is the latest business headache for the French spirits group in India, a key growth…
The State Excise Department has collected an all-time high revenue of Rs 2,201.94 crore in the year 2022-23 till February, 2023. As per the report of the Departmentally Related Standing Committee on Development (A) Departments presented in the Assam Legislative Assembly recently, Assam’s excise revenue collection witnessed a significant jump in the financial year 2022-23….
SHIMLA: Himachal Pradesh taxes and excise department has exceeded the revenue target of Rs 5,130 crore with a collection of Rs 5,343 crore during the financial year 2022-23, registering an increase of 19 percent over the last year. Officials said that the handsome growth in GST collections in 2022-23 has been the result of strong…
Even as inflation sullies consumers’ spirits, tipplers are on a high. In 2022, India overtook France to become the largest market of Scotch whisky by volumes. But it’s still just 2% of the country’s overall dark spirits market, and a potential 150% reduction of tariff burden under th-e UK-India free trade agreement could boost market…
Chandigarh’s excise department is set to auction the remaining 41 liquor vends, as they continue to struggle with generating interest in the bids. Last year’s revenue was not met in the first auction held on March 15, where over 50% of the vends failed to attract bidders. However, officials remain hopeful and are seeking to…
Canada’s restaurant industry is bracing for the biggest jump in the country’s alcohol excise duty in more than 40 years, spurring warnings the tax hike could force some bars and restaurants out of business. “Any increase at this very vulnerable time for our industry is just another blow while we’re down,” said Brenda O’Reilly, the…
Highlighting the achievements of the Bhagwant Mann-led AAP government, Finance and Excise Minister Harpal Singh Cheema today said the state has witnessed corruption-free administration, revolution in health and education sector, revenue growth and crackdown on anti-social elements. He said the Excise and Taxation Department registered 45 per cent increase in excise and 23 per cent…
Delhi’s old excise policy will extend for the next six months, as per the official. During this period, there will be five dry days during which, liquor vends and bars will be shut Amid the political slugfest over Delhi’s excise policy between the Aam Aadmi Party and the Bharatiya Janata Party, the number of dry…