Law · Uttar Pradesh Excise Act
What are the specific requirements an existing licensee must fulfill to exercise the first right of renewal for the next financial year under the U.P. excise settlement process?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Execution of a Counterpart Agreement under Section 33 and the maintenance of testing instruments
- 2Provision of a solvency certificate and an affidavit proving no tax arrears
- 3Fulfillment of the Basic License Fee and the Minimum Guaranteed Quota (MGQ)✓
- 4Payment of a non-refundable application fee through the e-lottery system
Correct answer
Fulfillment of the Basic License Fee and the Minimum Guaranteed Quota (MGQ)
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