{"id":79783,"date":"2022-03-31T13:26:57","date_gmt":"2022-03-31T13:26:57","guid":{"rendered":"https:\/\/timespunjab.com\/?p=79783"},"modified":"2022-03-31T13:44:16","modified_gmt":"2022-03-31T13:44:16","slug":"punjab-cabinet-led-by-bhagwant-mann-okays-excise-policy-for-2022-23-from-april-1-to-june-30-2022","status":"publish","type":"post","link":"https:\/\/timespunjab.com\/?p=79783","title":{"rendered":"PUNJAB CABINET LED BY BHAGWANT MANN OKAYS EXCISE POLICY FOR 2022-23 FROM APRIL 1 TO JUNE 30, 2022"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>\u00b7 EXISTING LICENSEES TO GIVE 1.75% EXCESS REVENUE OVER MGR OF FY 2021-22 TO MAINTAIN STABILITY IN LIQUOR TRADE<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>\u00b7 POLICY FIXES MGR OF GROUPS\/ZONES IN STATE AT RS.1440.96 CRORE FOR THREE MONTHS<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>\u00b7 REVENUE TARGET OF SHORT TERM EXCISE POLICY PEGGED AT RS. 1910 CRORES FOR THIS PERIOD<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Chandigarh,\u00a0 31\u00a0 March\u00a0 \u00a02022\u00a0 :\u00a0<\/strong> The Punjab Cabinet led by Chief Minister Bhagwant Mann on Thursday approved the Excise Policy for the year 2022-23, for a period from April 1 to June 30, 2022.\u00a0 A decision to this effect was taken in the Cabinet meeting chaired by the Chief Minister Bhagwant Mann here at CMO this evening.<\/p>\n<p style=\"text-align: justify;\">According to a spokesperson of the Chief Minister\u2019s Office, the policy has been allowed renewal for a period of three months to those existing licensees who will give 1.75% excess revenue over Minimum Guaranteed Revenue (MGR) of Financial Year 2021-22 for their respective group\/zone in order to maintain stability in the liquor trade. However, the number of groups\/zones and the number of liquor vends will remain the same.<\/p>\n<p style=\"text-align: justify;\">Pointing out further, the spokesperson said that the MGR of groups\/zones of the State would be Rs. 1440.96 crore for a period of three months. However, the revenue target of this short term Excise Policy is kept at Rs. 1910 crores for three months&#8217; period.<\/p>\n<p style=\"text-align: justify;\">In order to generate more revenue, the Minimum Guaranteed Quota (MGQ) of PML, IMFL, Beer and IFL of each group\/zone has been increased by 10% over the minimum guaranteed quota of corresponding first quarter of last Financial Year of the respective group\/zone. Further, to allow retail licensees to lift liquor as per their requirement, the amount of additional fixed license fee has been increased, revealed the spokesperson.<\/p>\n<p style=\"text-align: justify;\">The ratio of Fixed and Open quota of PML shall be 30:70 as was prevalent during Financial Year 2021-22. In order to control the production and movement of liquor, IT based Track and Trace System would be implemented during the Financial Year 2022-23, added the spokesperson.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00b7 EXISTING LICENSEES TO GIVE 1.75% EXCESS REVENUE OVER MGR OF FY 2021-22 TO MAINTAIN&#8230;<\/p>\n","protected":false},"author":3,"featured_media":79784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,43,388,20],"tags":[3901,3584,6190,6198,6197,6199,2610],"class_list":["post-79783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-english","category-political","category-punjab","tag-timespunjabnews","tag-cabinetmeeting","tag-cmbhagwantmann","tag-excisepolicy","tag-liquortrade","tag-minimumguaranteedrevenue","tag-punjabcabinet"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - 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