Chandigarh, Dec. 3 -- As the UT excise and taxation department commences consultations for the Excise Policy 2026-27, liquor contractors in Chandigarh are reporting significant financial losses, with many struggling to meet licence fee payments. The distress in the sector is evident, with an average of 10 to 12 liquor vends being sealed every month due to non-payment of the mandatory licence fee.

The department has invited suggestions for new excise policy for year 2026-27 until December 30, with a focus on revenue maximisation and ease of doing business. Key areas under consideration include digitising quota conversions, strengthening the Trace and Track system, and revising financial norms such as advance fees and bank guarantees. Stak...