Liquor vends: Excise dept earns Rs 291 crore from application fee
The Punjab excise and taxation department has collected Rs 291 crore from application fee for the allotment of liquor vends in the state.chandigarh Updated: Mar 25, 2015 00:26 IST
The Punjab excise and taxation department has collected Rs 291 crore from application fee for the allotment of liquor vends in the state.
The department has earned Rs 141 crore more than its target of Rs 150 crore from application fee.Anurag Verma, excise and taxation commissioner, Punjab, said the department had received more than 52,000 applications for all groups and zones for the allotment of 6,464 liquor vends across the state.
He said one of the main reasons for the increase in application money was the public-friendly and transparent system of receiving applications for the draw of lots.
“More than 100 branches of three main banks were authorised to receive the applications,” he said.
“When the excise policy was approved by the council of ministers, the revenue target was Rs 5,040 crore. With the increase in application money, the department will be able to realise Rs 5,180 crore,” he added.
Verma stated that in the excise policy for the 2015-16 financial year, the security money for successful allottees had been reduced from 15% to 10%.
Objections regarding discrepancies in applications filed through banks have been invited and will be decided by the deputy excise and taxation commissioner (Patiala division).The draws of lots will be held on March 27.
“The draw for each district will be held at the district headquarters in the presence of the respective deputy commissioner. It has been decided that if any applicant is not satisfied with the draw, he can submit an application to the assistant excise and taxation commissioner within an hour of the allotment,” Verma said.