A new clause in the excise policy 2014-15 making solvency certificate mandatory while applying for liquor vends has left the traders in a lurch. A solvency certificate is a proof that the person’s assets are more than his liabilities.
Under the policy announced recently, in the case of an individual/partnership firm, the prospective bidder has to submit a solvency certificate duly attested by tehsildar (revenue) equivalent to the amount of minimum reserve price of the vend with the technical bid of the vend applied for.
Surprisingly, there is no official holding the charge of tehsildar (revenue) at present. The official holding the charge of tehsildar (revenue) recently retired and the post is vacant.
The UT excise and taxation department will auction liquor vends on May 27 at the Government Medical College and Hospital in Sector 32.
As per the schedule, liquor traders can submit their bids till 5pm on May 26. With just four days left until the deadline lapses, the liquor traders are a worried lot.
Questioning the decision of Chandigarh administration, Chandigarh Wine Merchant Association Satyapal said that the clause should not have been incorporated when the post of official authorised to issue solvency certificate is lying vacant.
UT assistant excise and taxation commissioner RC Bhalla said that they were aware of the situation and were trying to find a way out.
“We have decided to allow traders to submit the solvency certificate after the bidding process is over,” he added.
This year, the administration has decreased the number of retail sale vends from 217 to 173 vends, which will be granted a licence by inviting sealed tenders for a period of 10 months.
Of the 173 vends up for sale, 123 are IMFL and remaining 50 are for country-made. The new policy announced on May 12 will remain in force for 10 months commencing from June 1.
In the new policy, the administration has increased the earnest money to be paid along with application by the traders.