By IANS,
Chandigarh: The Haryana government has decided not to increase the rate of excise duty on country liquor and Indian-made foreign liquor (IMFL) but hopes the state’s new excise policy iwould earn it an additional revenue of Rs.200 crore this fiscal.
After a cabinet meeting where the new excise policy was approved, officials said the government expects to collect excise revenue of Rs.2,200 crore during next financial year (2010-11) against the anticipated collection of Rs.2,000 crore in the current financial year (2009-10).
Under the new policy, the state government has decided to renew the vends of country liquor and IMFL at a reasonable increase of 10 and 5 per cent in fee. L-2 vends in Gurgaon, Faridabad, Palwal, Mewat, Rewari and Narnaul districts will be renewed at an increased fee of 8 per cent.
The policy has a new provision of permitting transfer of licenses. During the next financial year, those licensees who have got their licenses renewed after successfully running their vends during the current year, would be allowed to transfer their vends if they wish to do it due to any unforeseen exigencies.
The government has decided to grant wholesale license of IMFL (L-1) to those retail licensees who have contributed maximum revenue for a particular district in terms of license fee of L-2 vends.
This step is expected to ensure better liaison between the wholesale and retail trade, officials said.