Law · Uttar Pradesh Excise Act
Under Section 24-B of the Uttar Pradesh Excise Act, 1910, what does the 'License Fee' legally represent in the context of the State Government's sovereign right?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A fiscal penalty for the unauthorized manufacture of spirits
- 2The consideration or rental for parting with an exclusive privilege✓
- 3An administrative charge for granting permission to cultivate hemp
- 4A value-added tax on the sale of fermented beverages
Correct answer
The consideration or rental for parting with an exclusive privilege
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