Telangana Earns Over 2,639 Crore Through Liquor Vend Applications
NDTV
Telangana liquor vends: The money came from nearly 1.32 lakh applications charging Rs 2 lakh non-refundable application fee each, for the allotment of 2,620 liquor shops.
In a never-before high for Telangana, the state Excise Department managed to collect Rs 2639 crore without selling a single bottle of liquor. The money came from nearly 1.32 lakh applications charging Rs 2 lakh non-refundable application fee each, for the allotment of 2,620 liquor shops. The vends will be picked district-wise through lottery on Monday.
Those who get the licence have to pay a fee of Rs 50 lakh to Rs 1.1 crore per annum, depending on the population of the area where the shop has been allotted. One-sixth of the annual licence fee has to be paid by August 23.
Under the rules, a retail excise shop in an area with population upto 5000 will pay Rs 50 lakh. A person holding licence for a retail shop in an area with a population over 20 lakh will pay Rs 1.1 crore a year.
