The Uttar Pradesh government has approved a new molasses policy for the fiscal year 2024-25, allocating 19% of molasses from sugar mills specifically for country liquor production. This decision, announced by Excise Minister Nitin Agarwal, applies to the molasses year running from November 1 to October 31.
As per the policy, this 19% molasses reserve will be supplied to distilleries for the manufacturing of country liquor. Country liquor sales contribute a significant 46% to the total excise revenue. Additionally, the policy mandates a conversion fee of ₹20 per quintal to be collected from sugar mills. It’s worth noting that the previous molasses year also saw a similar 19% allocation for country liquor.
This new policy aims to streamline molasses allocation and boost revenue from country liquor sales, aligning with the government’s revenue goals.
