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    HomeTelanganaBRS government aims to utilize Rs 2K cr liquor revenue

    BRS government aims to utilize Rs 2K cr liquor revenue

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    The government of BRS has announced the schedule for the allotment of wine shops in the state. The current licensed liquor shops will end on November 30, and the government aims to complete the allotment of new licensees by the end of August. This will help raise funds of about Rs 2,000 crore through the tendering process and advance fee.

    Last time, the government earned Rs 1,400 crore from the sale of applications alone. Each application for the tendering process costs Rs 2 lakh. The Excise and Prohibition officials have stated that the Election Commission is likely to issue an Assembly poll notification in October. Therefore, it would not be possible to carry out the tendering process for new wine shops in November.

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    As per the schedule, the District Collectors will conduct the draw of lots for liquor shops allotted to Goud, SC, and ST communities on August 3. The Excise department will issue a notification for tendering on August 4. Applications can be submitted until August 18, and the draw of lots for selecting licensees will take place on August 21.

    The first installment of payment of retail shop excise tax is also due on August 21. The newly-selected wine shops will start receiving stocks from November 30 onwards, and the stocks should be sold from December 1 onwards.

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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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