How the new excise policy will transform your experience
The nation’s capital faces a possible alcohol shortage and overcrowding of liquor stores due to the closure of 260 private liquor stores under new Delhi government rules. However, the government assured people would not face any problems, saying the state-run sellers were ordered to keep sufficient stocks. Under the new rules, chic liquor sales will be set up in 32 zones across the city where people will be able to enter and choose the brand of alcohol of their choice and will be able to enjoy facilities such as wine tastings, snacks. -bars and much more.
What is the new liquor policy?
As part of the Delhi government’s new excise policy, authorities have awarded new licenses to private companies for 850 stores that will go into retail from November 17. In view of this, all private liquor vendors have been urged to close shop before September 30. Alcohol remaining stores run by Delhi government agencies will also close on November 16.
During this transition period of almost a month and a half, only government-run stores will open, which is likely to cause shortages and other problems. There are approximately 720 active liquor stores, of which around 260 or 40 percent are privately run. The government expects sufficient supplies in government stores to prevent overcrowding.
The new excise policy aims to revolutionize the consumer experience by replacing existing liquor dispensers in nooks and crannies of the city with chic liquor stores spread over at least 500 square feet with walk-in access . It stipulates that new liquor stores should be equipped with air conditioning and CCTV cameras.
What about private sellers?
Nearly 3,000 employees are likely to be affected by the closure of private liquor stores in the nation’s capital, PTI reported. Naresh Goyal, president of the Delhi Liquor Traders Association, said shutting down private liquor distributors would have a negative impact on people engaged in this business and that the owners and managers of these establishments have started looking for alternative arrangements. . “Some owners have other businesses as well, so they’re probably going to focus on them, while others are considering getting into the real estate business.
Will the new policy generate more revenue for the government?
In offering a total of 850 alcohol sales split into 32 zones under the new excise policy, the government earlier this month earned around 8,911 crore, against license fees base reserve of ₹ 7,039 crore, reported PTI. Deputy Chief Minister Manish Sisodia earlier said the government expected 10,000 crore revenue after the new policy was implemented.
Under the new policy, license fees have been significantly increased. While it was around Rs 8-10 lakh earlier, it is now around Rs 6-6.5 crore per sale. The majority of the revenue came from excise taxes per bottle. For the next 12 months, ”he added.