Liquor vends’ auction nets Rs 140 crhttps://indianexpress.com/article/cities/chandigarh/liquor-vends-auction-nets-rs-140-cr/

Liquor vends’ auction nets Rs 140 cr

UT Excise and Taxation Department officials were all smiles after raking in a whopping Rs 140 crore as revenue from the auction of 135 liquor vends in three different categories in the city.

UT Excise and Taxation Department officials were all smiles after raking in a whopping Rs 140 crore(approximately) as revenue from the auction of 135 liquor vends in three different categories in the city. The earning from the auction held last year was Rs 127 crore. At present the city has a total of 217 liquor vends,of which 152 are IMFL vends and 65 are country liquor vends. A total 110 IMFL vends and 25 country vends were auctioned today while no bids were received for 82 vends. Last year 190 vends auctioned.

The Department is going to re-invite the sealed bids for the remaining 82 vends which did not fetch any bid today and are expecting another Rs 15-20 crore from the next auction. Tentatively,the applications for the sealed bids will be invited till April 26 and the auction is likely to be held on April 27.

Ten vends are not operational owing to the tussle between the Municipal Corporation and the UT on the issue of the land where where these are located. Since the land belonged to the MCC and it had failed to collect rent as was decided in the past,it decided to discontinue allowing the prefabricated vends on its land.

For once,the north-south divide in the city showed reverse trends with the vends located in the southern belt,especially along Vikas Marg,fetching the maximum revenue. The vends,liquor shops located alongside the Madhya Marg and in the northern sectors of the city fetched the least amount.

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Speaking to Newsline,AETC Naresh Dubey said,“The response has been very good. We have earned more revenue compared to last year. We are hoping to repeat the same feat in the next leg of auctions.” The department has earned more revenue auctioning less number of vends.

Sources said that contrary to expectations,the reserve price for the 82 vends that could not be auctioned today would not be lowered as per the Excise Policy.