Straight Line News Network
Jammu, April 12: A notice has been issued by Excise and Taxation Department of J&K regarding e-Auction for allotment of 228 vends for off-premises retail sale of liquor (JKEL-2 licenses) for the year 2021-22.
The licenses shall be allotted for the period from 1-5-2021 to 31-3-2022 subject to fulfillment of requisite conditions. These vends shall sell in retail to the consuming public under one roof JK-Special Whiskey and Indian made foreign liquor including imported foreign liquor/beer/wine / cider / RTD which are permitted to be sold by the Excise Department, J&K.
E-auction for allotment of vends shall be done through J&K Bank on e-auction portal i.e. https://jkexcisedept.auctiontiger.net in a completely secure and transparent manner. The detailed procedure for e-auction/ instructions to the bidders is available on the e-auction portal and on the official website of the department i.e. www.jkexcise.nic.in.
The Reserve price of each shop is Rs 5 lakh as given in the Excise Policy. The bidders can bid in increments of Rs 25,000/- (Max 1 lac) beyond the Reserve Price. In case a fresh Highest H-1 bid is received within 5 minutes before the scheduled closing time of bidding, the time for eauction shall be automatically extended by another 5 minutes beyond the scheduled closing of that particular bid. A maximum of three such extensions shall be allowed, during which the bid increment shall be Rs 50,000/-(Max 2 lac) instead of Rs 25,000.
The retail sale vends shall be allotted to the highest eligible bidder (H-1). A bidder shall have to pay online EMD of Rs 5 lakhs and participation fee of Rs 25000/- separately for each bid. However, only one location/vend shall be allotted to a person or entity, which will be the first such vend/ location for which he is declared as the highest bidder (H-1) through e-auction mode. Any further participation in bidding by a person or entity already declared as H-1 for a location for which e-auction has already concluded, shall lead to forfeiture and liabilities as defined in the Excise Policy ibid and the bid document.