National

Liquor sale: Telangana earns Rs 900 crore as application fee for new shops

G Naga Sridhar Hyderabad | Updated on October 17, 2019 Published on October 17, 2019

Representative image   -  Bloomberg

The State Excise Departmet has received 45,000 applications for 2,216 shops across the state

Telangana’s Excise Department has earned Rs 900 crore in lieu of non-refundable application fee for liquour licences.

As per the existing liquor policy, the State Government issues liquor licences for shops to sell liquor for a period of two years. The current licence validity expires on October 18 and new licences for shops are scheduled to come up from November 1. The deadline for applying for new shops ended on Wednesday.

“The increased consumption of liquor has obviously driven the increase in interest in the liquor business which is reflecting in the number of applications as well as fee collected,” an official of Excise Department told BusinessLine.

The fee, collected this year, more than doubled at Rs 900 crore as against Rs 400 crore collected as application fee in 2017. The application fee is Rs 2 lakh. The department has received 45,000 applications for 2,216 shops across the state.

The state has been witnessing a steady increase in demand for liquor. According to industry estimates, total liquor sales in Telangana was to the tune of about 2.8 crore cases of liquor and 3.8 crore cartons of beer during last year. In monetary terms, this could be around Rs 18000 crore. One case of liquor contains 8.64 litres of alcohol and one carton of beer contains 7.8 litres of alcohol.

Published on October 17, 2019
This article is closed for comments.
Please Email the Editor