ADVERTISEMENT
Excise rakes in revenue of Rs 23,000 crore for 2020-21 fiscalThe budget had envisaged a revenue of Rs 22,700 crore
DHNS
Last Updated IST
Representative image. Credit: iStock
Representative image. Credit: iStock

At a time when the government has been cash-strapped, the Excise department has been able to rake in a revenue of Rs 23,131 crore, which is over Rs 400 crore more than its revenue target for the year 2020-21.

The budget had envisaged a revenue of Rs 22,700 crore for the fiscal as against Rs 21,583 crore revenue generated for the previous 2019-20 fiscal.

A total of 583 lakh carton boxes of Indian made liquor (IML) and 237 lakh carton boxes of beer were sold across the state in 2020-21.

ADVERTISEMENT

According to data available with the excise department, while the sales were low in the first half of 2020 owing to the lockdown, there was an increase in sales post-June.

The department has seen an average revenue of about Rs 2,000 crore a month in the second half of the year. The government has fixed a revenue collection target of Rs 24,580 crore for the excise department for 2021-22.

ADVERTISEMENT
(Published 03 April 2021, 06:10 IST)