Excise dept rides high on liquor sale
Thanks to ever-increasing sales and consumption of liquor in Gurgaon, the Haryana excise department hopes that revenue collection will hit the R500-crore mark by the end of this financial year.india Updated: Oct 29, 2011 02:21 IST
Thanks to ever-increasing sales and consumption of liquor in Gurgaon, the Haryana excise department hopes that revenue collection will hit the R500-crore mark by the end of this financial year.
The department has already collected Rs 273.53 crore in the first six months of the fiscal from April to September, with a rise of 29% from last year’s figures for the corresponding period.
“In 2008-09, R212.25 crore revenue was collected which rose to R341.20 crore in 2009-10. Figures touched R411.65 crore in the last financial year. This time, sales can go up to Rs 500 crore. Till September, we have already collected around Rs 273.53 crore,” said SB Sharma, district excise and taxation commissioner.
Auctioning of liquor vends in the city is a major source of income for the excise department. Gurgaon has made 142 allotments for country made liquor and 166 Indian Made Foreign Liquor (IMFL) vends this year. The fixed price for license allotment was set at Rs 262.06 crore for this year.
“Our department will get a total revenue of R308.73 crore this year in the form of licence fees for vends allotted through the bidding process,” Sharma added.
In March this year, the department had held auctions for several liquor vends across Gurgaon. The IMFL outlet located at Galleria Market in DLF-4 fetched maximum revenue of R5.55 crore. Similarly, a vend in Central Arcade added Rs 4.54 crore to the government coffers while a shop at Udyog Vihar was auctioned for Rs 4.16 crore.
The taxation commissioner also said that the department has conducted several raids against illegal liquor sale in the city and imposed fine worth lakhs.
First Published: Oct 29, 2011 02:20 IST