The state cabinet on Saturday approved Finance Departments ambitious proposal of restructuring of registration and stamp duty as well as excise directorate – a step which the state government expects would mop up an additional annual revenue of at least Rs 600 crore.
The proposed restructuring would cost the state exchequer Rs 6.2 crore. By spending Rs 6.2 crore we will earn an additional annual revenue of at least Rs 600 crore, Amit Mitra,State Finance Minister said following the cabinet meeting on Saturday afternoon.
Elaborating the restructuring plan of the state excise department,Mitra said three additional excise districts (uppermost tier),22 excise ranges (middle-level tier) and 56 circles (lower most tier) would come up in the state. The move would not only enhance the revenue earning,it will ensure better surveillance on illicit liquor trade which the state government is committed to prevent. The last restructuring of excise department was done way back in 1966 even though revenue earning from this sector increased manifold, Mitra said.
The earning through excise department in 1993-94 was around Rs 210 crore,which jumped to Rs 2,100 crore in the last financial year. Despite being a prime source of revenue generation,the excise sector was not restructured for more than four decades. It is a matter of shame. There was no computer section in the excise department. With the state cabinet approving the restructuring plan,we would set up a central computer section where excise-related data will be analysed round the clock. The excise department restructuring project will cost Rs 2.7 crore. By spending Rs 2.7 crore,we would fetch additional revenue to the tune of Rs 200-300 crore, Mitra said,adding there will be more police stations under each excise circles. As of now,there are 5-6 police stations under one circle.
Similarly,the state government made a major step forward to generate more revenue by restructuring the registration and stamp duty wing of the finance department at a cost of Rs 3.5 crore. This wing too was not restructured since 1993. Under the project,15 large registration offices in Presidency,Jalpaiguri and Burdwan divisions would be bifurcated. Thousands of deeds are lying unregistered because of huge work pressure. Once bifurcation takes place,deeds in large numbers would be registered and that would bring huge amount of money to the states coffers, Mitra claimed.
An inspection wing would also come up for revision of property valuation,estimation of value of properties. Also,we will set up an e-research and analytical centre under the registration of stamp duty that will monitor the entire system of this wing. According to Mitra,the revenue earning through registration and stamp duty wing will increase by anything between Rs 400-500 crore.