AC approves up to date Excise Coverage for 2024-25 – Kashmir Reader

AC approves up to date Excise Coverage for 2024-25 – Kashmir Reader

Coverage Highlights Numerous Charges, Duties Together with Export Of Liquor, Checking Smuggling Of Narcotic Medicine

JAMMU: The Administrative Council (AC) which met right here beneath the chairmanship of the Lieutenant Governor, Manoj Sinhagave its approval to the rolling out of J&Ok Excise Coverage for the 12 months 2024-25.
Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor; Atal Dulloo, Chief Secretary; Mandeep Kumar Bhandari, Principal Secretary to LG attended the assembly.
The Coverage highlights numerous charges/duties to be carried out within the manufacturing, transport, import and export of liquor and checking of the smuggling of narcotic medication to UT of J&Ok from neighbouring States/ Union Territories. The allotment of vends shall be made bye-auction and registration price of Rs. 50,000/- shall be paid by bidders on-line via portal.
The profitable bidder will probably be required to deposit 100% of the bid quantity via eGRAS/Simple Accumulate portal inside seven banking days from the date of finalization of the bid. The vends not allotted for causes like social stress, courtroom orders or non availability of premises or the place no bids have been acquired shall be put to re-auction.
New initiative of linkage of minimal reserve bid value with sale potential of every vend has been accepted. Decrease cap of 15% of MSP of liquor for on premises consumption has been mounted. As notified in Excise Coverage for the 12 months 2023-24, Excise Obligation on CSD/ PAMF shall proceed to be 25% lower than that on civil for all sorts of liquor manufactured within the UT of J&Ok and the import obligation shall proceed to be 15% lower than that on civil for all manufacturers of liquor. Present licensees having License of Beer Bar with Microbrewery License shall be given License inside similar premises on remittance of requisite license price and different duties.
There will probably be full digitalization in liquor manufacturing, distribution and sale from manufacturing until retail consumption. For acquiring property certificates/ solvency certificates, the seller should apply inside 10 days of issuance of license earlier than the involved Income Authority who shall concern a certificates inside a interval of 1 month from the date of receipt of software and in case of non-disposal of software, the certificates as claimed by the applicant shall be deemed to have been issued by the competent authority.
Any licensee promoting liquor above MRP shall be imposed wonderful of Rs 40,000/- for first offence and Rs 75,000/- for the second offence.

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