07-Nov-2020
under the vice president Mr waseem Bazaz who raised the points /issues after the uplifting of toll post Lakenpur, which has given a big setback to the growth of Industrial sector of Kashmir. Their greiviences have remained unheard and no resolution to their queries till time . Government wants to boost private investment in kashmir ,but what about local industrial units which have become defunct since abrogation of article 370 , and uplifting of toll post lakhanpur. Toll tax on cigarettes was @4000 per quintal . Is the MRP of cigarettes reduced after abolition of toll tax . @4000 per quintal is now profit of dealer causing loss to state exchequer. MNC had to pay toll tax component as products had MRP fixed .j&K Government is boosting private investment. How can a local unit compete with a MNC or a big house setting up industrial unit in kashmir . Government should revoke the order of abolition of toll post lakhanpur at an earliest to save local units from losses. Lakhanpur toll post was backbone for local industrial units. Local industrial units can’t compete in pricing of products with outside the UT industries. Toll amount helped in pricing strategy of products for local units .Toll amount helped them in covering manufacturing costs of products as local units don’t have vast market for products and raw material is imported from other states