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AECAI expresses resentment over unwanted circular issued by Chief Engineer 10/3/2018 9:40:08 PM Early Times Report JAMMU, Oct 3: Advisory and Executive Committee of Association of Industries (regd.), Gangyal expressed deep resentment over the unwanted circular issued on dated 27-September-2018 by the Chief Engineer, EM&RE which has negated the budget announcements regarding amnesty to SSI sector in order to provide relief and succor to the sector which has been suffering badly due to downtrend in business during the last one year. A meeting was held under the chairmanship of officiating president Bansi Lal Gupta and the other office bearers, namely- Ashok Kumar Jain, Vice President, Pardeep Vaid, General Secretary, Sandeep Ohri, Secretary and Sdr. Lavinder Singh Puri, Treasurer were also present. The members unanimously decided to take up the issue with the Governor so that the SSI sector does not suffer. The members demanded that the circular should be withdrawn immediately. The members also took serious view of notification orders No. 431 and 411 of dated 25-September-2018 regarding 2% subsidy in lieu of CST exemption which was available to the SSI units under the VAT regime. While it was a welcome step but by putting riders like 1000 kilometres condition which make the incentive available to only such units which sell their material beyond this limit, the Government has created a class within a class by denying the incentives to those units which were selling in neighbouring States of Punjab, Haryana upto Delhi. The Association of Industries (AOI) urges the Government to immediately remove the illogical condition so that the benefit is available to the entire sector. The Association of Industries seeks the personal indulgences of the Governor so that SSI sector can be saved from further suffering as most of the sector is run by the sons of the soil who had employed most of the local labours which will also suffer.   Share This News with Your Friends on Social Network     Comment on this Story

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