Excelsior Correspondent
JAMMU, Sept 16: Dr Arun Manhas, Director Industries & Commerce Jammu along with Ashok Kumar Jt Director, Development, Industries & Commerce, Jammu and Varinder Manyal, General Manager, DIC, Jammu visited BBIA Bhawan and interacted with members of Bari Brahmana Industries Association at Bari Brahmana today.
While welcoming the Director Industries & Commerce, Tarun Singla, senior vice president drew the kind attention of Arun Manhas towards the plight of existing working units who were on the verge of closure due to dilution of Fiscal Incentives from 1800 crores p.a. prior to GST regime to only nearly Rs 500 crores resulting great resentment amongst the working units of Jammu & Kashmir and is need of the hour to provide Fiscal Incentives to the tune of Rs 3000 crores p.a. to existing industries in the shape of Turnover Incentive/ GSTLI etc. at par with the NCSS-2021 Scheme notified by Ministry of Commerce & Industries Govt. of India for new units.
Lalit Mahajan, president BBIA during his presidential address brought into the notice of Director that it is the need of the hour to save the existing units with the grant of Fiscal Incentives in the shape of Reimbursement Turnover Incentive on actual sale, Reimbursement of SGST/CGST/IGST to existing units and units under substantial expansion in respect of change in the line of activity/ Diversification for next 10 years, marketing support in the shape purchase/price preference etc. to save the existing units from closure who are already providing direct and indirect employment to three to four lacs local people at present.
The other issues highlighted related to industrial sector which includes pending cases of IDS 2017 related to reimbursement of 3% interest/ insurance/ GST/Income Tax, time barred cases of interest subvention, re-validation of 3% interest subvention cases, pending DG set subsidy cases for disbursement, Policy for procurement of goods from local units by large and medium enterprises, allocation of requisite funds for the repair/maintenance of SIDCO complex, allotment of land at alternate place in Bari Brahmana and Samba to those units who have applied for land for Meen Charka, reimbursement of Mandi Tax to Flour Mills, time bound clearance of cases in felicitation council under delay payment act, verification of GSTLI cases by the central CGST officials and other related issues for which a detailed representation shall be given shortly.
While interacting Dr Arun Manhas assured the members that the issues as highlighted during the interaction shall be taken up with the Administrative Department on priority basis.
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