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Excise revenue News

State excise revenues drop 11% in Q1, FY12
Karnataka’s excise revenues have dropped 11 per cent to Rs 1,937.4 crore for the first quarter of the present fiscal compared to the year ago period. During the first three months of last fiscal, the state collected Rs 2,175.8 crore from excise, the department said in a statement. The state’s revenue from the sale of Indian-made foreign liquor during the month of April 2011 were Rs 647.4