Himachal Pradesh Affairs
Cabinet approves new excise policy, 14% higher collections expected
The excise policy for 2021-22 envisaging the collection of Rs 1,829 crore, which is Rs 228 crore higher than the previous year, was approved at a Cabinet meeting chaired by Chief Minister Jai Ram Thakur here today. The new policy will help in increasing collections by almost 14 per cent over the last year.
The Cabinet also approved the setting up of excise Police in the Excise and Department to check inter-state and intra-state smuggling and illicit trade of liquor and bootlegging.
The excise year 2020-21 has been extended by one month up to June 30 considering the situation arising out of Covid. As such, the new excise policy will be operational for nine months from July 1, 2021, to March 31, 2022. The Cabinet also approved the renewal of retail excise vends for 2021-22 at a fee of 3 per cent of the value of the unit/vend.