Section 28 in The U.P. Excise Licences (Tender-Cum-Auction) Rules, 1991
28. Commencement of period of licence.
- The licence in favour of an auction purchaser shall be effective from 1st April of the excise year unless the licensing authority otherwise directs. The auction purchaser shall be responsible to pay the bid-money from the first day of the licensed period although he may not have actually received the licence.
