The State Cabinet on Monday gave its approval to Excise Policy for the year 2020-21 which envisages collection of Rs. 1840 crore revenue during the year 2020-21 which is Rs. 215 crore higher than the financial year 2019-20 thereby registering an increase of 13 percent. As per news policy approval for renewal of the Retail Excise Vends was given for the year 2020-21.The new Excise Policy also allows 30 percent of the Country Liquor quota for the liquor manufacturers/ bottlers to be supplied to the retail licensees. The balance 70 percent quota can be lifted by the retail licensees from the suppliers of their choice. In addition to this, policy also extended operational timings of the bars in all star related hotels and bars in specified important tourist areas from 12 noon to 2 am past midnight.The Hotel and Restaurant Association of Shimla welcomed the new excise policy and hailed it as a step in the right direction. President of the association Sanjay Sood said the reduced rates of liquor and the extended timings for restaurants will go a long way in helping the hotel and restaurant industry.
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