Law · Uttar Pradesh Excise Act
Under the statutory obligations of an excise licensee, what is the specific purpose of executing a Counterpart Agreement as mandated by Section 33 of the U.P. Excise Act?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To define the quantity limits for distinguishing between wholesale and retail sales
- 2To act as a legal bond ensuring the licensee follows all prescribed conditions✓
- 3To provide a retrospective validation for the operation of Model Shops
- 4To serve as a solvency certificate for proving financial standing
Correct answer
To act as a legal bond ensuring the licensee follows all prescribed conditions
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