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Lacklustre response to excise auction

ONLY TWO liquor outlets could be auctioned at the annual excise auction held here today. As expected, the Excise Department received bids higher than the reserve price for only two shops that District Collector Vivek Aggarwal declared auctioned.

india Updated: Feb 27, 2006 23:51 IST

ONLY TWO liquor outlets could be auctioned at the annual excise auction held here today. As expected, the Excise Department received bids higher than the reserve price for only two shops that District Collector Vivek Aggarwal declared auctioned.

The country liquor (CL) shop at Pardeshipura was allotted to Rajesh Chowkse who bid 20 per cent more than the reserve price of Rs 3.61 crore. Similarly, Manpur CL shop was allotted to Gagan Shukla for Rs 88 lakh through an open lottery system. Out of six bidders for Manpur outlet, two bid for more than the reserve price.

The bids received for remaining shops will be sent to the government for approval. The highest bidder is likely to get licence for 2006-07. As per rules, applicants who offer sum above reserve price obtain licence for the next financial year. The open draw is held in case there is more than one applicant bidding above reserve cost.

At the auction for 40 liquor shops, the Department today opened 68 applications for 26 liquor openings as no bids were received for 14 outlets.

The sealed tenders were opened in presence of District Collector, Superintendent of Police Adarsh Katiyar, Deputy Excise Commissioner J S Sengar, Assistant Excise Commissioner Naval Singh Jamod and District Panchayat Chief Executive Officer Ashutosh Avasthi at Collectorate auditorium this afternoon. Fresh tenders for 14 shops will be called shortly.

Of the total applications received, the tenders for FL shop at Chhavani Junction and CL shop at Khedi Sihod were cancelled due to absence of bidders’ signature on the forms. The overwriting on tender form for FL shop at MIG did create doubt but it was accepted, as the auction rules reserve no objection on the issue.

As expected, the response at the auction wasn’t stimulating. There was a gap of Rs 50,000 to Rs 1 crore between the amount bid and reserve price for most of the shops including those holding locations like Scheme No 54, MIG, Palasia, Chhoti Gwaltoli, Rajmohalla, Machchi Bazaar, Badwali Chowki, Kanadia, Subhash Marg, Mhow, Machal and Tillor Khurd.

Of all these shops, the highest bid was received for CL shop at Mistry Khana (Rs 2.88 crore) followed by Scheme No 54 FL shop for Rs 2.81 crore and Balda Colony CL shop for Rs 2.19 crore. Bids for only nine shops were above Rs 1 crore. The remaining proposals were priced between Rs 98 lakh and Rs 19.57 lakh.

First Published: Feb 27, 2006 23:51 IST