Excelsior Correspondent
JAMMU, Aug 8: Federation of Industries Jammu (FOIJ) today urged upon the State Governor N N Vohra to resolve the pending issues of the industrialists of the State.
A meeting of the Federation was held here today under the chairmanship of Lalit Mahajan in which various issues of the Jammu industry were projected. The members present in the meeting appealed to the Governor, NN Vohra to resolve the pending issues with the State Govt in respect of Industrial Sector of J&K which includes the Issuance of Notification for the grant of Budgetary support of 2% in lieu of CST and Freight Subsidy as approved in the State Budget for the year 2018-19 with effect from July 8, 2017, 42% of CGST not given to units covered under SRO 63, 5%Turnover Incentive on Local Sale of MSME Sector with 1.5 crore turnover exempted under Central Excise prior to GST regime and units covered under 0% GST category along with the extension of all the State Fiscal Incentives to existing units, Units under substantial expansion and new units also.
The members present in the meeting conveyed their thanks to the Governor for highlighting the present scenario of the Industrial development in J&K which is suffering very badly due to non- availability of the Central Govt fiscal incentive to the new Industrial units and units under substantial expansion at par with the North Eastern State Industrial Development Scheme notified by Govt of India. It was further resolved that Govt should take up the matter with Govt of India for the extension of all Central Govt Fiscal Incentives to existing units also for the survival.
Senior members Rattan Dogra, Vijay Aggarwal, Ajit Bawa, Deepak Dhawan, Jetinder Aul Co-Chairman FOIJ, Pardeep Vaid and Ajay Langer also attended the meeting.
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