Good times: UP excise revenue grows 55%, breaches Rs 100-billion mark

Yogi government targetting Rs 300 billion in excise kitty during 2018-19

Armed with the new excise policy aimed at curbing rampant liquor smuggling and hitting liquor cartels, the Uttar Pradesh government has witnessed excise revenue growing at 55 per cent during the first five months (April-August) of the current financial year 2018-19 (FY19) to breach Rs 100 billion.

Against the excise of about Rs 64.25 billion during Apr-Aug 2017, the state excise department has reported collections of Rs 100.15 billion during the corresponding period this financial year, thus rising by over 55 per cent.

In fact, the state is targetting much higher excise revenue of almost Rs 300 billion in 2018-19