Haryana Cabinet approves new excise policy

On May 15th, the Haryana Cabinet endorsed the new excise policy for fiscal 2024-25, effective from June 12th. The policy proposes modest hikes in excise duties for IMFL and country liquor, extends QR code tracking to imported liquor, and sets guidelines for e-auction of retail vends starting May 27th

By Spiritz Desk
New Update
Haryana Cabinet approves new excise policy

The Haryana Cabinet on 15th May gave its approval to the excise policy for the 2024-25 fiscal after receiving approval from the Election Commission on the matter, the state government said in a statement. The new excise policy has been approved for one year, commencing from 12th  June.

As per the report, a slight increase in the excise duty on IMFL (Indian Made Foreign Liquor) and country liquor in the new policy has been proposed. However, no additional details regarding the rate of increase in the excise duty are being  shared so far.

The maximum basic quota of IMFL will be 700 lakh proof litres and 1,200 lakh proof litres for the country liquor for the 2024-25 fiscal. The QR code-based track and trace system that was introduced in 2023-24 for IMFL and country liquor will be extended to imported foreign liquor as well, said the statement.

 The government of Haryana mandated that the minimum retail sale prices of imported liquor brands will be fixed by the department to streamline the business and e-auction for allotment of retail vends, which will start from 27th May.

The maximum number of retail liquor vends will remain the same in the new policy.  Interested participants  in the e-auction will be required to furnish an Aadhar Card or Parivar Pehchan Patra. Income tax returns for the last three assessment years and a minimum net worth of Rs 60 lakh are also required.