https://www.taxtmi.com/caselaws?id=144095 SC held that there is no fundamental right to carry on trade or business in potable liquor as a beverage; liquor as beverage is res extra commercium and the State may prohibit, regulate, or create a monopoly in its manufacture, sale and distribution. The State's cancellation of existing foreign liquor licences and takeover of the trade was valid as a reasonable restriction under Art.19(6) read with Art.47, and did not violate equality so long as the method was not discriminatory. After takeover, licensees had no activity left to pursue under their licences. en-us Wed, 19 Oct 1994 00:00:00 +0530 Thu, 16 Oct 2025 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=144095 SC held that there is no fundamental right to carry on trade or business in potable liquor as a beverage; liquor as beverage is res extra commercium and the State may prohibit, regulate, or create a monopoly in its manufacture, sale and distribution. The State's cancellation of existing foreign liquor licences and takeover of the trade was valid as a reasonable restriction under Art.19(6) read with Art.47, and did not violate equality so long as the method was not discriminatory. After takeover, licensees had no activity left to pursue under their licences. Case-Laws VAT / Sales Tax Wed, 19 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=144095