JK Excise Policy 2024-25 Approved by Administrative Council

JK Excise Policy 2024-25 Approved by Administrative Council

VoM News Desk | January 20, 2024 | 10:33 AM IST | Jammu Kashmir | Follow on Google News

JK Excise Policy 2024-25 Approved by Administrative Council/VoM

JK Excise Policy 2024-25 Approved by Administrative Council

In a recent meeting under the chairmanship of Lieutenant Governor Manoj Sinha, the Administrative Council (AC) granted approval for the implementation of the JK Excise Policy for the year 2024-25. The decision was taken with the participation of key officials including Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor, Atal Dulloo, Chief Secretary, and Mandeep Kumar Bhandari, Principal Secretary to LG.

Digital Transformation in Liquor Management

The approved policy focuses on various fees and duties related to the manufacturing, transport, import, and export of liquor, along with addressing the smuggling of narcotic drugs to the Union Territory of Jammu and Kashmir from neighboring regions. An innovative aspect of the policy includes the linkage of the minimum reserve bid price with the sale potential of each vend. Complete digitalization is set to revolutionize liquor manufacturing, distribution, and sales, ensuring transparency and efficiency from production to retail consumption.

Stricter Measures Against Violations

To ensure compliance, any licensee found selling liquor above the Maximum Retail Price (MRP) will face stringent penalties. For the first offense, a fine of Rs 40,000 will be imposed, escalating to Rs 75,000 for a second offense. This emphasizes the commitment to fair and regulated liquor trade practices.

Enhanced Auction Mechanism and Licensing Procedures

Vends will be allotted through auction, and successful bidders are required to deposit 100% of the bid amount within seven banking days from the bid finalization date. A new provision allows re-auctioning of vends not allotted due to social pressure, court orders, non-availability of premises, or lack of received bids. The policy also continues Excise Duty benefits for Canteen Stores Department/Pioneer Alcohol Manufacturing Factories (CSD/PAMF) compared to civil liquor, supporting the growth of these sectors.

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