Jammu: Under the new Excise Policy, the auction for 228 liquor shops in Jammu and Kashmir will start from April 15 to 19.
As per the scheduled, in four day long process the auction will be held for different districts across Jammu and Kashmir.
“The bidders have to deposit Rs 5 Lakh to participate in the auction process. And the department has also issued online scheduled,” an official said.
The official said that the licenses to be auctioned will be effective from 1 May 2021 to 31 March 2022.
The auction will be done through the Jammu and Kashmir Bank from the e-auction portal of the Excise Department.
If a new highest H-1 bid is received within five minutes before the scheduled bid time, then the e-auction time will be automatically extended to five minutes from the scheduled bid. Such time increase would be up to three times maximum. Five lakh rupees will have to be paid through EMD and the bid will start from 25 thousand rupees. The highest bidder will get a shop license.
Liquor shops closed
Liquor shops are closed for three days to protest against the new excise policy.
The shops will remain closed on Sundays, Mondays and Tuesdays on the call of Jammu Wine Trade Association.
Shops remained closed on the first day on Sunday. Due to this, black marketing of liquor was also done in many places.
People also reached the bar due to the closure of shops. Crowd was seen in all the bars.
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