Two liquor vends sold in 12th round of auction in Chandigarh

After two failed attempts, the UT Excise and Taxation Department managed to allot two liquor vends during an auction held here today.

The department earned a revenue of Rs 4.69 crore against the reserve price of Rs 4.66 crore with the allotment of a liquor vend each in Sectors 25 and 41.

The department had invited bids for the allotment of 10 leftover liquor vends. Even after 12th round of auction, eight vends remained unsold. The department had failed to allot even a single vends in the previous two rounds held on June 2 and 6.

On May 29, two of the 11 vends put up for auction had found takers. However, the allottee of a liquor vend in Sector 22 had surrendered the licence to the department.

During the eighth round of auction held on May 26, the department was able to sell only one liquor vend out of 11 and earned a revenue of Rs 3.51 crore. One of the allottees withdrew later.

Earlier, it managed to allot one liquor vend in the seventh round of auction on May 22. In the fifth round on May 14, the department was able to allot six liquor vends out of 17 units.

On April 21, 48 liquor vends, the licences of which were cancelled for the non-payment of bank guarantee, were put up for auction. Only 20 of these found bidders then.