Spike in liquor, beer sales boost excise revenue in April-Sept
The Hindu
With a spike in the consumption of Indian Made Liquor (IML) and beer in the first half of the current financial year (2021-22), the Excise Department has recorded a 26% increase in revenue collection,
With a spike in the consumption of Indian Made Liquor (IML) and beer in the first half of the current financial year (2021-22), the Excise Department has recorded a 26% increase in revenue collection, of ₹2,539.40 crore, compared to the corresponding period in the previous year.
The department’s revenue collection in the last six months of the current fiscal year was ₹12,305.03 crore. With the jump in sales, the department has recorded more than 50% of its revenue target set for the year (₹ 24,580 crore).
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