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Taxation Uttar Pradesh Ministry of Finance United Provinces Excise Act, 1910

Uttar Pradesh Excise (Settlement of Retail Licences for Model Shop of Foreign Liquor) (Sixteenth Amendment) Rules, 2023

21-Jul-2023 | No. 3570 /X-Licence-33/Model Shop Niyamawali/2023-24

Government of Uttar Pradesh has introduced the "Uttar Pradesh Excise (Settlement of Retail Licences for Model Shop of Foreign Liquor) (Sixteenth Amendment) Rules, 2023" which brings modifications to the existing provisions outlined in the "Uttar Pradesh Excise (Settlement of Retail Licences for Model Shop of Foreign Liquor) Rules, 2003." These amendments will be effective from April 1, 2023.

The key highlights of this amendment are as follows:

1. Amendment of Rule 2 (Monthly Minimum Guaranteed Revenue):
The definition of "Monthly Minimum Guaranteed Revenue" has been revised. This term now signifies the revenue equivalent derived from Foreign liquor, Beer, Wine, and low alcoholic beverages. It is determined by the licensing authority in accordance with either general or specific instructions issued by the Excise Commissioner. Licensees are required to guarantee their ability to lift and sell these products from their retail shop during a month of the Excise year.

Before the amendment:
The definition referred to "Quarterly Minimum Guaranteed Revenue" and covered revenue guaranteed by the licensee for a quarter of an Excise year.

2. Definition of "Security amount":
The "Security amount" has been redefined. It now signifies an amount determined by the State Government based on the licence fee. This amount can be deposited via a Fixed Deposit Receipt (FDR) or a Bank Guarantee pledged in favor of the District Excise Officer. Alternatively, e-payment is also acceptable. The security amount is refundable after settling all the dues and claims to the State Government.

Before the amendment:
The definition mentioned the deposit of the security amount through cash, e-payment, National Saving Certificate, or Bank Guarantee.

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