Alco-bev sector generated Rs 1.4 lakh crore in Excise revenues in 2018-19: Pahle India Foundation Report
The alcoholic beverages sector, which brings in the most revenues after GST collection and stamp duties for almost all states in India generated Excise revenues to the tune of Rs 1.4 lakh crores for the year 2018-19, according to a report titled “An Integrated Value Chain Approach to Ease of Doing Business: A Case Study of Sugar, Alcohol-Bev, and Tourism” by policy think-tank Pahle India Foundation. During the year, the alco-bev sector generated 15% additional excise revenues as compared to the last year’s revised Budget estimates, says the report citing state budget documents for 2018-19 as the source. The report moots overhauling the Excise Act, as part of crucial recommendations for reforms in the alco-Bev sector for improving ease of doing business (EoDB) and greater benefit to state economies. Among the top three states with highest revenue earnings from Excise in 2018-19, Uttar Pradesh was at the top with earnings of Rs 23,000 crore, Maharashtra was second wi