Withdrawal of Lakhanpur toll tax a "death nail" for J&K industries: FOIJ & FCIK

New Delhi, Feb 4 (KNN) The Micro, Small and Medium Enterprises (MSME) associations including Federation of Industries Jammu (FOIJ) and Federation Chamber of Industries Kashmir (FCIK) requested the J&K Governor Satya Pal Malik to continue Toll Tax at Lakhanpur for the safeguard of Jammu and Kashmir (J&K) industrial sector.

This step will also help to prevent import/export of unaccounted goods in/from the State, it added.

Members present in a meeting held by FOIJ mentioned that if the government withdraws the toll tax at Lakhanpur checkpost, the whole state will be flooded with the unaccounted goods and other related material which will prove as death nail for the industrial sector of the state.

It was strongly resolved in the meeting recently held in the state that toll exemptions should be continued in the GST regime to the existing as well as new industrial units to compensate the additional transportation cost on the raw materials and finished goods.