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Taxation Punjab Ministry of Finance Punjab Excise Act, 1914

Issuance of the Punjab Excise Policy for the year 2024-25

11-Mar-2024 | NA

The Excise & Taxation Department has notified regarding the Punjab Excise Policy for the year 2024-25, effective from 1st April 2024. The key highlights are: 1. To ensure transparency and fairness, liquor vends will be allotted through a draw of lots. This process replaces the previous system of 172 groups and introduces 232 groups, providing more opportunities for participation. 2. The new policy introduces an adjustable license fee to streamline the process. This fee is levied at the rate of Rs 200 per proof liter for retail IMFL and IFL passes and Rs 50 per bulk liter for retail beer passes. 3. The prices of imported foreign liquor (IFL) are set to decrease in 2024-25 due to the rationalization of the fee structure. This move is expected to make IFL more accessible to consumers. For detailed information, please refer to the attached document.

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