Early Times Report
Jammu, Dec 17: A delegation of Federation of Industries, Jammu led by Lalit Mahajan, Chairman Federation of Industries, Jammu presented a Pre-Budget Memorandum to the Finance Minister Haseeb A. Drabu during the Pre-Budget discussions held at Jammu.
Mahajan highlighted the various issues related to the Industrial Sector and requested the Minister to resolve the same in the Budget of 2017-18. The detailed discussions were held on the following issues included Fiscal Incentives to Industrial Sector under GST Regime, Extension of VAT and Toll Tax Exemption to Industrial Sector till the adoption of GST, Extension of Cash Less System of VAT Remission through SICOP after 31-3-2017 till the adoption of GST, Removal of Items from the Negative List for Industrial Sector for VAT Remission in respect of Edible Oil, Roasted Ground Nuts, Floated Glass, Timber Products and other Items being manufactured by the Industrial Sector, Removal of items from Negative List of SRO 22 of 2004 dated 31-01-2004 for exemption of Additional Toll Tax on Raw Materials for food processing Industries Salt/Edible Oil/Dry Milk Powder, Cement Clinkers and Coal/Pet Coke/HSD/Furnace Oil, Price/Purchase Preference to local SSI Units for the purchases by Govt. Departments/PSU, Amnesty Scheme by P.D.D for Industrial Sector and others. Minister gave a patient hearing in respect of the issues raised by the Federation & assured the delegation to resolve the issues on priority basis.
The meeting was also attended by Rajesh Jain, Jatinder Aul, Romesh Badyal, (Co-Chairmen), SB Abrol, Secretary General, Ajay Langer Convener and other members of the Federation. |
