Excelsior Correspondent
JAMMU, Nov 22: A delegation of Chamber of Commerce & Industry led by its president Arun Gupta called on the Commissioner/Secretary Industries and Commerce Department, Vikramjeet Singh and apprised him about the difficulties being faced by our Industrial units.
While interacting with the Commissioner/Secretary Industries and Commerce Arun Gupta said that the J&K UT is at the dead end of the country and is effected by militancy and cross border terrorism due to which our industry has to bear high input cost and high cost of production. To provide a level play field the J&K UT Government as well as Central Government has provided certain incentives for sustenance and survival of existing industry as well as to bring in fresh investment from outside the UT, but some hurdles are being faced which needs to be removed at the earliest. The steps should be taken to remove the hurdles to provide hand holding and healing touch for the industry, he said.
Gupta also demanded the extension in the validity period of provisional registration benefit to the units holders who could not commence the production within stipulated time due to non availability of road connectivity, electricity supply and water supply due to which they are unable to get the financial help from the banks and other financial institutions.
JCCI chief apprised the Commissioner/Secretary that the government has announced a turnover incentives for the existing Industries for their survival and become viable but till date no turnover incentives has been given to any Industrial unit. This incentives for the year 2021-22 and 2022-23 be released for the industries at the earliest, he pleaded.
Arun Gupta further briefed the Commissioner Secretary that sometimes due to some unavoidable circumstances some Industrial Units are not able to file their SGST refund claims in time to avail the incentives provided by the Industries/ Finance department. Due to non-filing of SGST refund claims in time by some industrial units, they are debarred from taking the benefit of SGST refund. It is requested that additional suitable time be granted to such units for filing their SGST refund claims.
He said the gross GST reimbursement incentive be provided to the existing Industries under substantial expansion program for their survival and become viable. Since the commercial notified rates are too high, there is urgent need to introduce separate market value/stamp duty rates for Industrial category. It is requested to include a separate clause of Land value / Stamp duty rates in respect of land which is to be registered for Industrial Units. There should be no negative list for the Industrial products being manufactured by the registered industrial units for their survival and become viable.
JCCI strongly demanded that Govt should formulate a scheme allowing ownership rights of lease hold industrial land to local sons of the soil’ entrepreneurs after a period of more than 25 years of the first/original allotment of land after charging a nominal amount as conversion fee. He said while developing the land for industries 50% land should be kept reserved for Micro Industries.
Vikramjeet Singh said that the turnover incentives shall be provided to the existing unit holders as per the policy of the government. Regarding the issue of not filing the SGST refund claims, he said that we will look into the issues and sort out the matter.
The other office bearers who accompanied the delegation include Anil Gupta, Rajeev Gupta, Manish Gupta and Rajesh Gupta.
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