Punjab Exceeds Excise Revenue Target by ₹582 Crore for 2025-26

Original: At Rs 11,782 crore excise collection, Punjab surpasses target by Rs 582 crore: Cheema

The Indian Express•Apr 8, 20262 min

In a Nutshell

Punjab's Excise and Taxation Department collected ₹11,782 crore (approximately $1.42 billion USD) in excise revenue for the financial year 2025-26, surpassing its target by ₹582 crore. This marks a significant increase from ₹6,254.84 crore in 2021, showcasing effective governance and a robust excise policy.

Key Points

01Punjab achieved ₹11,782 crore in excise revenue for 2025-26, exceeding the target by ₹582 crore.
02Excise revenue has nearly doubled from ₹6,254.84 crore in 2021 to the current figure.
03The new target for 2026-27 is set at ₹12,800 crore.
04The Excise Policy for 2026-27 includes a projected license fee target of ₹10,520 crore.
05All 207 retail liquor groups in Punjab have been allotted for the upcoming financial year.

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Full Summary

Punjab's Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema announced that the state has achieved a remarkable excise revenue collection of ₹11,782 crore (approximately $1.42 billion USD) for the financial year 2025-26, surpassing the target of ₹11,200 crore by ₹582 crore. This achievement reflects a nearly 100% increase in revenue over the past four years, rising from ₹6,254.84 crore. The state government has set an ambitious target of ₹12,800 crore for 2026-27, supported by a newly formulated Excise Policy aiming for a license fee target of ₹10,520 crore, compared to ₹9,877 crore in the previous year. Cheema attributed this success to the government's proactive governance and trade-friendly policies, which have fostered confidence among licensees and ensured stability in the liquor trade, contributing to a steady revenue flow to the state exchequer.

Key Figures

₹11,782 crore

Total excise revenue collected for 2025-26

₹582 crore

Amount by which the target was surpassed

₹10,520 crore

Projected license fee target for 2026-27

₹6,254.84 crore

Excise revenue in 2021

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Why It Matters

The increase in excise revenue indicates a more stable economic environment for businesses in Punjab, particularly in the liquor trade, which may lead to job creation and increased government funding for public services.

Who is affected

local businesses, government agencies, and taxpayers in Punjab

What to know

Local businesses should stay informed about changes in excise policies and licensing fees.

FAQ

Punjab's excise revenue for 2025-26 was ₹11,782 crore.

The new revenue target for Punjab for 2026-27 is ₹12,800 crore.

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