‘Composite' move helps UP earn Rs 14,229 crore excise duty in first quarter; 21% more than last yr
The department managed to rake in Rs 14,229 crore this time, while during the April-May-June period last year, the state coffers were strengthened by Rs 11,784 crore. In another achievement, the retail liquor trade in June saw revenue increase by 30%, with collections rising from Rs 3,431 crore in June 2024 to Rs 4,458 crore.
Excise minister Nitin Agarwal said, "For the first time, the department has been able to achieve the target set by the state govt.
It has been possible because of regular monitoring and team efforts." The department achieved 99% of the target set by the state govt in the first quarter.
"We have witnessed the highest single-month growth in June. An increase of 30% in a month is unprecedented. The scenario shows the increasing efficiency, transparency, and trust the excise department has managed to generate among the stakeholders," said excise commissioner Adarsh Singh.
by Taboola
by Taboola
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The merger of beer and foreign liquor outlets into composite shops was a strategic move that increased retail density and consumer convenience without increasing the total number of outlets in the state.
Moreover, focused initiatives to promote investments and exports, faster clearances, enabling policies for premium and export-oriented units, and facilitation for new entrants in the manufacturing and bottling ecosystem have led to the availability of an increased number of brands in UP.
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