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Pnb plans to renew liquor licenses, raise quota

CHANDIGARH: Hoping to fetch further income, the Punjab government is considering giving extension to the prevailing liquor traders running vends by way of charging them extension rate along with other levies. The government could also be making plans to extend the yearly quota of liquor to be lifted by way of the vends by way of 15%.

The department of excise and taxation is in process of taking feedback from the prevailing liquor retail traders prior to finalising the excise coverage for the 12 months 2019-20. According to resources, the department is making an attempt to gauge the selection of traders who are involved in renewing their licence and the volume of extension rate they are keen to pay.

Till ultimate 12 months, there was no provision of extension and the vends have been allotted after draw of rather a lot. If things cross as according to plan, then draw of rather a lot will be held for best those vends for which request for extension is not gained. There are around five,700 retailed liquor retail outlets allotted by way of the department across the state.

Bhatinda-based liquor trader, Harish Kumar, who has retail outlets in over 5 districts of the state, mentioned that the federal government should cross forward with the proposed transfer as it might be a win-win scenario for each the federal government as well as the traders.

The government would earn more income by means of charging extension rate within the vary of 10% of the entire worth of the vend along with other levies, while the traders would save time and money required for moving to other locations, he mentioned. “A large number of traders are in favour of this proposal and feature given a positive feedback to the excise department,” Kumar added.

An official of the excise department, on request of anonymity, mentioned that the proposal of extension of license was under consideration and can be publish prior to the cabinet for ultimate resolution. The official mentioned that follow of renewing license of liquor traders was already there in other states.

In addition, the federal government is making plans to extend the yearly quota of liquor to be lifted by way of the approved vends by way of 15%. Last 12 months, the federal government had slashed quota up to 30%. As according to norms, the liquor traders have to raise the quota fixed by way of the federal government within the excise coverage. Increased quota will also assist the federal government mop up more income as the traders must pay accountability and overview fees according to case.

Last 12 months, the yearly quota of Punjab-made liquor (PML) was brought down from 8.44 crore proof litre to 5.78 crore proof litre, while for Indian made foreign liquor (IMFL) the quota was diminished from 3.71 crore proof litre to two.48 crores proof litre, and 3.22 crore bulk litre to two.57 crore bulk litre for beer.

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