Chandigarh stares at ₹400 cr revenue loss as 8th liquor vend auction draws a blank
1 year, 8 months ago

Chandigarh stares at ₹400 cr revenue loss as 8th liquor vend auction draws a blank

Hindustan Times  

Finding no takers for its liquor vends and left with no option but to slash the reserve price multiple times, the UT excise and taxation department is staring at a revenue gap of almost ₹430 crore this financial year. Finding no takers for its liquor vends and left with no option but to slash the reserve price multiple times, the UT excise and taxation department is staring at a revenue gap of almost ₹ 430 crore this financial year. It has happened due to the Punjab liquor policy.” Last year too, the department had to hold seven auctions but three of its vends remained unsold. If the liquor remains unsold, there is a penalty of ₹900 per case on Indian Made Foreign Liquor; on foreign liquor, the penalty is ₹3,500 per case within the financial year, contractors said.

Liquor Price Auction Chandigarh Crore Punjab Vat Reserve Excise Vends Vend  loss  vend  excise  stares  blank  chandigarh  reserve  ut  auction  price  liquor  cr  punjab  revenue  draws  crore  vends  department

History of this topic

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year
2 months, 1 week ago

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year

Hindustan Times  

The UT administration has suffered a revenue loss of ₹240 crore in the first half of the 2024-25 fiscal, data from the Comptroller and Auditor General of India has revealed. The capital expenditure, which include funds designated for development projects and asset creation, have also been come down-- from ₹ 722 crore in 2023 to ₹ 655 crore in 2024. …

Now, CITCO to take charge of Chandigarh’s unsold liquor vends
10 months, 3 weeks ago

Now, CITCO to take charge of Chandigarh’s unsold liquor vends

Hindustan Times  

Having suffered a loss of nearly ₹150 crore after 18 of city’s 95 liquor vends went unsold in financial year 2023-24, the UT excise and taxation department has rolled out a slew of relaxations for liquor contractors to attract more takers in the upcoming fiscal. In the 2024-25 Excise Policy announced on Wednesday, which will be come in force from …

Excise policy 2024-25: With eye on cutting losses, Chandigarh mulls lowering VAT, excise duty
11 months, 3 weeks ago

Excise policy 2024-25: With eye on cutting losses, Chandigarh mulls lowering VAT, excise duty

Hindustan Times  

With Chandigarh’s excise and taxation policy for 2023-24 failing to yield desired results, the department has prepared and forwarded a draft of the new excise policy for 2024-25 to UT administrator Banwarilal Purohit for approval. The administration aims to set a revenue target of more than ₹900 crore in the new excise policy, with the e-tendering process for the auction …

Chandigarh: ‘CH 01-CS 0001’ fetches highest bid of ₹ 14.65 lakh
1 year, 3 months ago

Chandigarh: ‘CH 01-CS 0001’ fetches highest bid of ₹ 14.65 lakh

Hindustan Times  

The vehicle registration of “0001” of the “CH01-CS” series fetched a bid of ₹14.65 lakh against the reserve price of ₹50,000. The second-highest bid went for ₹9.12 lakh for “0007” of the same series whereas “0009” fetched the third-highest bid of ₹7.09 lakh. “The office of RLA had conducted e-auction of vehicle registration numbers of new series “CH01-CS” from vehicle …

Chandigarh stares at ₹150 cr loss from 18 unsold liquor vends
1 year, 4 months ago

Chandigarh stares at ₹150 cr loss from 18 unsold liquor vends

Hindustan Times  

The UT excise and taxation department is staring at a ₹150 crore loss this financial year with 18 of its liquor vends finding no takers even after 18 rounds of auctions. Darshan Singh Kler, the owner of Kler Wines, who acquired six liquor vends in the auction held on March 15, criticised the UT’s excise policy as well as its …

Chandigarh: Only 5 of 29 liquor vends allotted in fifth round of auction
1 year, 9 months ago

Chandigarh: Only 5 of 29 liquor vends allotted in fifth round of auction

Hindustan Times  

UT excise and taxation department’s fifth attempt to auction unsold liquor vends also proved to be a damp squib, with only four of 29 vends finding takers. Liquor contractors have also cited the higher licence fee in Chandigarh for the poor response, which is ₹ 6 crore on an average compared to ₹ 1.5 crore to ₹ 2 crore in …

Chandigarh: Only 11 of 52 liquor vends auctioned in second round
1 year, 9 months ago

Chandigarh: Only 11 of 52 liquor vends auctioned in second round

Hindustan Times  

In yet another jolt to the UT excise and taxation department, it managed to sell only 11 of the 52 remaining liquor vends in the second round of auction that took place on Tuesday. From Tuesday’s auction, Chandigarh excise and taxation department earned a revenue of ₹ 54.85 crore against the reserve price of ₹ 51.27 crore. From the auction …

Chandigarh: More than 50% liquor vends find no takers
1 year, 10 months ago

Chandigarh: More than 50% liquor vends find no takers

Hindustan Times  

After failing to achieve its liquor revenue for 2022-23 financial year, primarily due to introduction of uniform liquor prices in the tricity, the UT administration is now staring at unsold liquor vends in the upcoming fiscal, set to further dent its excise earnings. In comparison, in 2022, UT had managed to sell 88 of the 96 liquor vends, earning ₹497.91 …

Liquor rates on par with Mohali, Panchkula, Chandigarh’s revenue target still not met
1 year, 10 months ago

Liquor rates on par with Mohali, Panchkula, Chandigarh’s revenue target still not met

Hindustan Times  

With less than a month left before the end of the financial year, the UT administration has not been able to achieve its liquor revenue target despite the decision to bring liquor rates on par with Mohali and Panchkula. In the 2023-24 Excise Policy, which will come into force from April 1, the Chandigarh excise department has not increased the …

Delhi govt. earns ₹269.08 crore revenue from liquor sales this month
2 years, 4 months ago

Delhi govt. earns ₹269.08 crore revenue from liquor sales this month

The Hindu  

Of the 500 Delhi government-run liquor vends, 350 vends have reported an average daily sale of ₹8 lakh since September 1, when the AAP government reverted to its old excise regime. Nearly ₹269.08 crore has been collected in excise revenue by these vends within the first six days of the month, according to government data. Following this, on July 31 …

Delhi govt to get Rs 10,000 crore revenue from bidding of liquor shops under new excise policy
3 years, 4 months ago

Delhi govt to get Rs 10,000 crore revenue from bidding of liquor shops under new excise policy

India TV News  

Delhi Deputy Chief Minister Manish Sisodia on Wednesday said the city government has earned 23 per cent less revenue in the current financial year, but it will gain Rs 10,000 crore from bidding of liquor shops under the new excise policy. “We will get Rs 10,000 crore revenue from bidding of liquor shops under the new excise policy. The deputy …

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