In Chandigarh, a Liquor Vend Goes For Rs 9.51 Crore in Auction (2017-18)

After the Supreme Court order over the liquor ban, the UT Excise and Taxation Department has held a liquor vend auction in Chandigarh for the year 2017-2018. The Department auctioned 53 liquor vends on the reserve price of Rs. 138.98 crore and have earned a revenue of Rs. 170.86 crore. With these prices, the department has increased its revenue by 22.94 percent. Even after the highway ban, this time again Chandigarh has been seen breaking records for liquor auction. A single liquor vend has got the highest bid of Rs. 9.51 crore. The auction was carried out in Tagore Theatre in Sector 18 of Chandigarh.

Highest Bids for liquor vends in Chandigarh

UT Excise and Taxation Department received a total of 80 bidders for 53 licensing units in the city. A total of 77 licencing units were allotted for auction in 2017-18 but 24 of them failed to get any response from the takers.

  • Kler Wines made the highest bid of Rs 9.51 crore for a vend located in Sector 42, against the reserve price of Rs. 4.46 crore.
  • The second highest bid was also made by Kler Wines worth Rs. 7.51 crore against the reserve price of Rs. 3.13 crore for a liquor vend in Sector 44 market.
  • And the highest bid of the auction was for a liquor vend in Sector 30 by Vineet Khanna and Kamlesh Khanna of Rs. 5.05 crore, against the reserve price of Rs. 4.97 crore.

During the auction, Rakesh Kumar Popli (Additional Excise and Taxation Commissioner-cum-Collector), SDM Kirti Garg, SDM Arjun Sharma and many more were also present at the venue. The successful bidders have been asked to pay the 40% of the total bid amount within 7 days.

Highlights of the liquor vends auction

During the liquor vends auction of 2017-18 in Chandigarh, UT Excise and Taxation Department has reintroduced old policy by vending liquor at an individual level. So that the small vendors also be a part of the auctions, as because last year UT auctioned groups of vends for 2 -3 sectors.

Even the department have declared 2 bids invalid for liquor vend in Sector 22 and 32 by Vijeta Infracon Pvt. Ltd. Committing that there is a difference in documents submitted by the group and the vend number in the envelope.

Also Check:

Liquor Ban Shuts 3 Microbreweries in Chandigarh, One Shifts to Elante

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Gurjit Kaur

Gurjit Kaur is a young and vibrant writer, who is passionate about media. Having done her MBA in media management, Gurjit loves to weave words in simple yet an elegant form. Her love for Chandigarh and the belief that "content is king" makes her an author on Chandigarh Metro. You may reach Gurjit at hello@chandigarhmetro.com