The Hindu : Andhra Pradesh News : Excise revenue through auction of shops doubles

Online edition of India's National Newspaper
Friday, Jul 01, 2005

Andhra Pradesh

Andhra Pradesh - Others

Excise revenue through auction of shops doubles

Correspondent

Auction of shops in rural areas fetches more revenue

KAKINADA: The excise revenue through auction of shops in Kakinada Excise range comprising the three districts of East and West Godavari and Krishna has doubled for the excise year commencing from today.

While 555 shops in East Godavari fetched a revenue of Rs.50.63 crores registering seventy nine per cent increase over the upset price, it is as high as 106 per cent in West Godavari where the revenue was Rs.46.91 crores as against the upset price of Rs.22.76 Crores for the 473 shops. In case of Krishna district, the revenue on 335 shops was Rs.29.96 crores as against upset price of Rs.17.19 crores thus registering an increase of 74.26 per cent.

The Deputy Commissioner of Excise Kakinada Range, K. Sriramulu, said here on Thursday that one shop in Balaji Cheruvu area in Kakinada city was auctioned for Rs.26 lakhs as against Rs.9 lakhs upset price. When compared to urban areas, he said, the rural areas had fetched more revenue this time where the growth was almost cent per cent.

Printer friendly page
Send this article to Friends by E-Mail

Andhra Pradesh

News Update

Stories in this Section

Fuel price increase: TDP takes out cycle rally

Abolition of third clause of GO 557 sought

ZP high school sans 10th class

Round-the-clock water supply within two months

Two bill collectors placed under suspension

Two Janashakti men held in Prasad murder case

Devout throng Bhairava temple

ONGC Asset Manager takes over

Excise revenue through auction of shops doubles

Farm Department told to emulate ATMA success

Four of family commit suicide