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Over 3K liquor shops allotted; Andhra expects to rake in ₹20,000 cr revenue
The Morning Standard
|October 15, 2024
THE process of awarding licences to applicants for 3,396 notified liquor stores through lottery system was conducted on Monday.
The Excise and Prohibition Department received a total of 89,882 applications for 3,396 shops across the State, generating a revenue of ₹1,797.64 crore through the non-refundable application fees, explained Principal Secretary for Revenue (Excise) Mukesh Kumar Meena.
Subsequently, the state government will rake in ₹2,084 crore as license fee annually from liquor outlets in six installments. A sum of ₹335 crore is expected to be received from all liquor licence holders by Tuesday as the collective first installment, he added.
This story is from the October 15, 2024 edition of The Morning Standard.
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