UP govt hikes excise revenue target for FY23 to Rs 41,000 crore

New state excise policy aims to weed out liquor cartels

The Uttar Pradesh government is targetting to mop up about Rs 41,000 crore in excise revenue in the next 2022-23 financial year.

Compared to the target of Rs 34,500 crore for the current fiscal year 2021-22, the target for the coming year is almost 19 percent higher.

The new excise policy announced on Saturday is aimed at augmenting the financial resources of the state by regulating and controlling the manufacture, transport, import, export, sale, and possession of quality liquor.

Besides, the new policy aims at providing liquor at reasonable prices, attracting investment, and transforming UP into a self-sustainable producing state.

According to UP Additional