Goa University (GU) has been entrusted with drafting a feni policy for Goa by the excise department. It is hoped that the policy will improve the financial scenario of the industry and plug revenue losses.
Department of management studies at the GU is expected to study the problems associated with the industry and draft a feni policy. Besides they will prepare a database of all the stakeholders and offer help in upgrading the product.
Menino D’Souza, Excise commissioner, has stated that one of the reasons for revenue loss is that when the government auctions cashew zones traders purposely do not bid. The zones that are not auctioned are given away through a tender process. In this method the traders often quote a price range lower than they would have at the auction.
The excise department prefers giving away zones through tender because otherwise they would have to man these zones. “We have to keep a vigil so that nobody extracts and sells feni without our permission by using yields from zones which are not auctioned or given on tender. This way (by tendering), we can earn some revenue too,” said an excise official in a ToI report.
The excise department has asked the Food and Drugs Administration (FDA) to prepare standards for feni such as strength, quality, maturity and variants.
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