The Government of Punjab has introduced the Excise Policy for FY 2026–27 with the objective of maximizing excise revenue and ensuring regulated distribution of liquor across the State. The policy continues the low duty–high license fee model adopted in previous years and sets a revenue target of ₹12,800 crore for the financial year. It regulates the liquor trade through provisions governing the retail, wholesale, and manufacturing/import sectors, while maintaining transparency and efficiency in licensing and supply chain management.
Under the policy, existing L-2 and L-14A retail licenses may be renewed on payment of a renewal fee of 0.6% of the prescribed license fee, with the reserve price of retail groups increased by 6.5% over the previous year’s discovered license fee. The annual quota of Punjab Medium Liquor (PML) has been increased to 8.790 crore proof litres, while the open quota system for IMFL, IFL and beer continues, allowing retailers to lift stock based on market demand. The policy also prescribes revised duties, eligibility criteria for license holders, and compliance requirements to strengthen regulatory oversight of the liquor trade in the State.
For more information, please refer to the attached document.
