Excelsior Correspondent
JAMMU, Apr 25: A delegation of Federation of Industries, Jammu, led by Lalit Mahajan, Co-Chairman FoIJ and president of Bari Brahmana Industries Association, presented a memorandum to K Skandan and K K Sharma, Advisors to Governor.
The memorandum was presented in the presence of Navin Kumar Choudhary, Principal Secretary, Industries & Commerce, Anoo Malhotra, Director Industries & Commerce, Vijay Aggarwal, Deepak Dhawan (Co-Chairmen), Ajay Langer, secretary general and Pardeep Vaid, Convener of the Federation
During the course of discussions, Lalit Mahajan highlighted the issues related to Industrial Sector and said that the present State fiscal incentives are not adequate as compared to pre GST regime for Micro & Small Scale Sector of the State. He demanded that more incentives are given to the existing Micro & Small Scale Units of the State for their survival for intra-State sale. He requested for the 100 percent of CGST refund to Micro & Small units covered under SRO 63 at par with the same incentive granted to Industrial units covered under Central Excise prior to GST, reimbursement of freight for the incoming of raw materials, transport subsidy for interstate sale by road up to destination instead of beyond 1000 km.
The delegation demanded extension of all the State fiscal incentives to new units and units under substantial expansion, review of the Jammu & Kashmir reimbursement of 2 percent in lieu of CST on taxable turnover for inter-State sale to all the units without any rider of the sale of 2016-17 as per SRO No.431 dated 25-09-2018, budgetary support to industrial units engaged in the roasting of groundnuts/ cashew & decortications of walnut/almond /pistachio , removal of Toll Tax on raw materials of exportable items to outside the country from J&K State, ease of doing business concept to be adopted by the Power Development Department for the sanction of Power connections and simplification of procedure for the surrender of Power connections by Industrial units with the grant of Powers to concerned Executive Engineers on Divisional level.
K Skandan and K K Sharma listened to the delegation and assured that the Government will resolve the issues related to the Industrial Sector as early as possible for speedy Industrial growth.
Follow our WhatsApp channel