Excelsior Correspondent
JAMMU, July 26: Federation of Industries Jammu (FoIJ) has demanded extension in the date for filing VAT return in the State due to turmoil in Kashmir.
An emergency meeting of the members of the Federation of Industries, Jammu was held today under the chairmanship of Lalit Mahajan, chairman to discuss the difficulties being faced by the Industrial sector of Jammu region due to ongoing unrest in the Kashmir valley from last 17 days.
Members present in the meeting raised serious concern about the suspension in the supply of Industrial goods to Valley resulting pilling up of stocks in their units due to which the manufacturing activities of Industrial Sector stands still and they have no option but to stop the production in near future.
It is pertinent to mention here that the Industrial Sector of Jammu totally depends for the supply of their finished goods to Kashmir valley & any disturbance in the supply chain adversely affect the working of the units resulting into huge financial crunch as well as due to non working of banks and the suspension of Internet services across the whole State. The working capital limits of Industrial units stand blocked due to non- movement of finished goods from last 17 days.
The issue regarding the disturbance in Internet services in State was also discussed in the meeting & members shown their concern in respect of filing their VAT returns in time.
Federation of Industries, Jammu requested the Chief Minister Mehbooba Mufti and Dr Haseeb Drabu, Finance Minister and Chander Parkash Industries & Commerce Minister for the extension of date for the filing of VAT returns & also to take up the matter with Arun Jaitley Union Finance Minister, to waive off the interest on working capital & term loan for three Months of the Industrial units.
The meeting was also attended by Rajesh Jain, Vijay Aggarwal, Ajit Bawa, Romesh Badyal, Rajinder Gupta (Co-Chairmen FoIJ), Ajay Langer convener FoIJ & other office bearers of all the constituents of FoIJ.
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