Chandigarh, April 4 -- Punjab finance, planning, excise and taxation minister Harpal Singh Cheema announced the successful completion of the allotment process for 207 retail excise groups for the financial year 2025-26 and said the state has yielded unprecedented revenue, generating an annual licence fee of Rs.9,878 crore, surpassing the projected target of Rs.9,017 crore.

In a press statement, Cheema said the process, which commenced on March 5, 2025, concluded on April 2, 2025.

"Generation of an annual licence fee of Rs.9,878 crore, surpassing the projected target of Rs.9,017 crore represents a 9.5% rise over the set reserve price, marking a historic achievement for the Punjab's excise department," said Cheema.

Revealing this in the ...