January 2021 News

Abolition Of Toll Tax Drains State Exchequer: SSI Unit Holders

9 January 2021
Kashmir News Service

Srinagar: Kashmir SSI Unit Holders Association today asked Government to restore toll tax levied at toll post, Lakhanpur. In a statement to KNS, they said the move has serious implications for the Industrial Sector in Kashmir. The SSI Unit holders raised serious concern in respect of repeated attempts of some vested interest elements to destroy the Industrial Sector. Vice President Kashmir Small Scale Industrial Unit Holders Association, Mujtaba kuchai told due to abolition of toll tax has caused tremendous losses to state exchequer as well as Jammu Kashmir based SSI Unit Holders and business communities. He on behalf of SSI unit holders made a fervent appeal to Lieutenant Governor to restore the toll tax levied at toll post. 'The Lakhanpore Toll Post was the only incentive being availed by the SSI Unit Holders of Jammu and Kashmir which has been snatched and instead of encouraging and giving relief to local unit holders, the traders, industrialists of other States are availing the benefits due to said abolition,' he said. He said Toll Tax at Lakhanpur was a safeguard for the Industrial Sector to check the import and export of unaccounted Goods, Contraband and other banned items to and fro from other parts of the country. 'We appeal Lieutenant Governor to revoke the previous decision and restore the toll tax practice at Lakhanpore,' he said.