Our Bureau

Chennai, March 4

LIQUOR sales in Tamil Nadu and the revenue to the Government have increased significantly following the takeover of retail sales of Indian Made Foreign Liquor (IMFL) by the State-run Tamil Nadu State Marketing Corporation Ltd (TASMAC).

Intervening during a debate on the Budget for 2005-06, the Minister for Prohibition, Excise and Revenue, Mr O. Paneerselvam, said that from November 29, 2003, when TASMAC took over retail sales from private retailers, to November 28, 2004, the revenue from sales was Rs 4,441.88 crore. Over 183.16 lakh cases of liquor were sold representing a 22 per cent increase over the previous 12 months.

During the corresponding period in 2002-03 when retail sales were in private hands the revenue was Rs 3,825.99 crore, which includes the privilege fee, bar licence fee and privilege amount of Rs 679.51 crore. Sales during this period were 149.79 lakh cases, he said.

The additional revenue to the Government during the first year of sales by TASMAC was Rs 615.89 crore.

During the current year, between April 2004 and January 2005, TASMAC sold 160.30 lakh cases of liquor against 130.73 lakh cases in the corresponding period previously.

(This article was published in the Business Line print edition dated March 5, 2005)
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