Rs 299.54 crore revenue generated from auction of 89 liquor vends in Chandigarh

Chandigarh, June 30 -- The UT Excise and Taxation has earned a total revenue of Rs 299.54 from the auction of 89 liquor vends in the city.

In the second round of e-tendering of liquor vends held on Monday, the Excise and Taxation Department received a total of 23 bids against 11 liquor vends.

"After opening of e-financial bids, 11 liquor vends were sold out and the Department received a revenue of 34.22 crores aganst Rs 27.82 crores reserve price with an increase of 23 per cent," said an official of UT Excise and Taxation Department.

He said, "In totality, the Department got overwhelming response by collecting a total revenue of Rs 299.54 crores from 89 liquor vends in the shape of licenses fee against a reserve price ofRs 244.16 crores,...