Illicit liquor trade poses a serious threat to government, socially as well economically. Excise duty which is an important source of revenue is continually under threat from the practice of illicit trade. Considerable amount of money which could be used to benefit the government services of a country are being diverted to the pockets of criminals participating in illegal trading. In addition, the illicit trade in liquor poses a serious threat to consumer health. To counteract it, some State governments have implemented Tax Stamps as part of their anti-counterfeiting strategy. This has not only minimized the hooch tragedies and duplication but has also substantially increased the excise revenue collection in States. This issue brings our cover story on “TAX STAMPS ROLE IN IMPLEMENTING IDEAL STATE EXCISE POLICY”. Apart from this, the issue also covers interviews, industry updates & news. We hope you will find this issue informative and interesting and as always, we look forward to receiving your feedback. If you have any news, contributions or comments for the editorial team, please feel free to email us at info@aspaglobal. com