All liquor vends allotted in Punjab: Govt

Image
Press Trust of India Chandigarh
Last Updated : Apr 06 2017 | 9:42 PM IST
The Punjab Excise and Taxation Department today allotted all liquor vends in the state for the 2017-18 fiscal.
The draw of tenders for the remaining districts of Ludhiana, Patiala, Ferozepur and Faridkot Divisions were held yesterday.
"The draw of lots in all the districts were held in a fair and transparent manner in the presence of Deputy Commissioners or their representatives. No complaint has been received in this regard," an official spokesman said.
The Excise Policy for 2017-18 has been made trader-friendly and aims at safeguarding the interests of all the stakeholders like the government, wholesalers, retailers and the consumers, he said.
The department expects to collect Rs 5,400 crores during this fiscal from excise, as against the expected collections of Rs 4,900 crores during the 2016-17 financial year, the spokesman said.
As promised in the Congress's election manifesto, the number of liquor vends has been reduced from 6,384 to 5,900 in the 2017-18 Excise Policy, he said.
This year, no liquor vend will be allowed to operate within a distance of 500 metres of national and state highways, as per the orders of the Supreme Court, the spokesman said.
The system of wholesale license, L-1A, has been abolished. The L-1 licensees will lift their quota directly from the distilleries, bottling plants or manufacturing companies, he said.
From the earlier departure, the L-1 license will be granted to a retail L-2 licence holders, who has secured at least one group or zone, in the district concerned, the spokesman said.
"This is a radical change from the earlier policy and has been done to meet the long pending demand of the retail licensees," he said.
The quota of country liquor has been reduced by 14 per cent from 10.10 crore proof litres to 8.70 crore proof litres.
Similarly, the quota of Indian Made Foreign Liquor (IMFL) has been reduced from 4.73 crore proof litres to 3.80 crore proof litre.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 06 2017 | 9:42 PM IST

Next Story