It can be done by using OPENDATASOURCE or the OPENROWSET function
 
Here are the examples
 
SELECT * INTO XLImport3 FROM OPENDATASOURCE('Microsoft.Jet.OLEDB.4.0',
'Data Source=C:\test\xltest.xls;Extended Properties=Excel 8.0')...[Customers$]

SELECT * INTO XLImport4 FROM OPENROWSET('Microsoft.Jet.OLEDB.4.0',
'Excel 8.0;Database=C:\test\xltest.xls', [Customers$])

SELECT * INTO XLImport5 FROM OPENROWSET('Microsoft.Jet.OLEDB.4.0',
'Excel 8.0;Database=C:\test\xltest.xls', 'SELECT * FROM [Customers$]')

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