Haryana sees 65% rise in excise revenue with new policy

IANSUpdated: Monday, August 30, 2021, 10:25 AM IST
article-image
Haryana Deputy Chief Minister Dushyant Chautala | Photo: ANI

Haryana government's Excise and Taxation Department saw 65 per cent increase in revenue with the new excise policy, Deputy Chief Minister Dushyant Chautala said

Chautala, who holds the Excise and Taxation Portfolio, said on Sunday that in this fiscal till August 26 a revenue of Rs 20,558 crore has been collected in comparison to Rs 12,831 crore collected in this period last year.

An official statement quoting him said Rs 37,350 crore was collected in 2018-19, Rs 39,837 crore in 2019-20 and Rs 45,119 crore in 2020-21.

He said in 2020-21 the liquor contracts were auctioned for Rs 3,559 crore with the reserve price of Rs 3,128 crore.

He said in 2021-22 those who already had licenses were given the option to take contracts with an increase of 10 per cent. Thus 85 per cent of the contracts were renewed. The revenue from liquor contracts of Rs 3,803 crore was received in the form of fees.

In 2020 an additional quota of 32.42 per cent of country liquor and 25.45 per cent of foreign liquor made in India was raised.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

BPCL to bring in oil from Brazil to reduce reliance on any particular region

BPCL to bring in oil from Brazil to reduce reliance on any particular region

After Rupee hits record low, Fin Min says it has held up better than other currencies

After Rupee hits record low, Fin Min says it has held up better than other currencies

The government seeks public feedback on India’s new telecom bill to bring WhatsApp and Zoom under...

The government seeks public feedback on India’s new telecom bill to bring WhatsApp and Zoom under...

Bengaluru-based bakery emerges as giant killer by defeating Amazon in 4-year-long court battle

Bengaluru-based bakery emerges as giant killer by defeating Amazon in 4-year-long court battle

Tesla CEO Elon Musk deploys 'Starlink' in Iran as internet access is restricted amid widespread...

Tesla CEO Elon Musk deploys 'Starlink' in Iran as internet access is restricted amid widespread...