Liquor to cost more in UP
Liquor will cost more in Uttar Pradesh from the next financial year. The hike in liquor prices and licence fee would fetch additional 20 per cent for the state exchequer. HT reports.lucknow Updated: Mar 10, 2011 23:15 IST
Liquor will cost more in Uttar Pradesh from the next financial year. The hike in liquor prices and licence fee would fetch additional 20% for the state exchequer.
The new excise policy does not change the status of the special Meerut zone created through the last policy. The new policy that has been announced for the next two years, provides for renewal of retail and model shops in other parts of the state.
While approving the excise policy, the cabinet meeting, chaired by chief minister Mayawati on Thursday, decided to increase the duty on country liquor by 1% in 2011-12 and 6% in 2012-13. It would provide additional revenue of Rs 41 crore and Rs 250 crore, respectively, during the next two fiscals.
The government has also hiked the quota fee from Rs 130 to Rs 157 per litre for the next fiscal and for 2012-13 it would be Rs 159 per litre. The state exchequer would thus get additional revenue of Rs 633 crore and Rs 50 crore in the next two financial years. The steep hike in the quota fee will affect the retail prices.
Similarly, there would be 5% hike in the fee on foreign liquor in 2011-12 and 15% in 2012-13. While there would be no hike in the rate of beer in 2011-12, it would cost Rs 5 more per bottle of 650 ml on lager and Rs 6 per bottle of 650 ml on strong beer in 2012-13. The government would get additional revenue of Rs 92 crore in 2012-13.
The special zone policy running under the UP Sugar Mills Federation has been made more transparent. In special zones new lottery system will be introduced and any body or any firm could participate in the auctions.