Chandigarh, May 16 -- The excise and taxation department has recorded a revenue collection of Rs.965.71 crore during the 2025-26 excise policy year, with the UT administration projecting that collections will cross Rs.1,000 crore in the fiscal, officials said during a high-level review meeting chaired by chief secretary H. Rajesh Prasad on Friday.

The department informed that for the 2026-27 policy year, 96 out of 97 retail liquor vends have been successfully allotted, fetching bids worth Rs.560.85 crore against a reserve price of Rs.450 crore, indicating a substantial increase in revenue realisation. Officials expressed confidence that excise revenue is likely to reach around Rs.1,009 crore against the fixed target of Rs.1,000 crore for...