Excelsior Correspondent
JAMMU, June 14: Industrial fraternity of Jammu has strongly advocated for the continuation of Lakhanpur Toll Tax to safeguard the industrial sector of the State.
A joint meeting of stake holders of Industrial fraternity of Jammu comprising Bari Brahmana Industries Association (BBIA), Association of Industries, IGC Samba, Kathua Industrial Unit Association, Floor Miller Association, Cement Manufacture Associations, Associated Chamber of Commerce & Industries Udhampur was held in this connection under the president ship of Lalit Mahajan.
During the course of discussions, members present raised serious concern in respect of repeated attempts of some vested interest people for the removal of Toll Tax at Lakhanpur Toll Post, stating that they are bent upon to destroy the Industrial Sector of J&K by raising their voice for the removal of Toll Tax at Lakhanpur with their ill design to allow the import/export of unaccounted goods in/from the State which may be resulting huge financial loss to the State exchequer as well as to the Industrial Sector of J&K.
The meeting that observed in past when the Government exempted some items from the Toll tax, the benefit of the same never passed on to the consumers and in some cases the rates were enhanced by the companies. “The majority of the food products, fresh vegetables etc which are being used by the common man are already exempted from the preview of Toll Tax, hence there is no justification for hue & cry raised by some persons who are trading in some goods on which the Toll Tax is being deposited in crores of Rupees annually,” the members pointed out.
“In case the Toll Tax is removed, the Unit holders will have no option but to close down their units which may be resulting in to the conversion of their working capital/turn loan in NPA, loss of crores of power revenue to State Government, etc,” they asserted.
It was strongly resolved in the meeting that Government should not remove Toll Tax at Lakhanpur and the Toll Tax exemptions should be continued in GST Regime to the existing as well as new industrial units to compensate the additional transportation cost on the raw materials and finished goods.
Vijay Aggarwal, president, AoI Samba, Sanjay Puri, president of Floor Miller Association, Vinay Mahajan, vice president, KIUA and Sandeep Mittal, general secretary, Cement Manufacture Associations were present in the meeting.
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