Centre extends Central Excise Package to J&K: Slathia PDF Print E-mail
User Rating: / 0

Jehlum Post News

Jammu | Jammu and Kashmir Industrial Sector has received another shot in the arm as the State Government has secured another ten year extension of Central Excise Package/Refund on Value Addition for the State from   the Union Finance Ministry.

            The extension of the sops, has come following sustained efforts by Chief Omar Abdullah, who has been pursuing the matter with the Union Government.

             The fresh notification, besides, extending existing refund on Value Addition to ten more years, also provides exemption of requirement of Khasra Nos for establishment of any Industrial unit in J&K, for it being a neutral location. The existing units would also be covered under the fresh exemptions. The existing units can take substantial expansion or diversification with 25 percent increase in capital investment on plant and machinery or increase in regular employment by the same percentage.

This was stated by the Minister for Industries and Commerce,  Surjit Singh Slathia at a meeting of officers of Directorate of Industries, Jammu Presidents Jammu/Srinagar Chamber of Commerce and other renowned Industrialists of the State.

 Slathia greeted the industrial fraternity on the issuance of the Notification by the Union Ministry of Finance (Revenue Department). 

The Minister enjoined upon the industrialists to ensure the absorption of atleast 50% local unskilled labour in their respective units. He said the cooperation by the industrial units would supplement the Government’s efforts to tackle the unemployment problem in the State. He also sought cooperation of industrialists in resolving their pending issues, which among other things, includes revival of sick units. He further said that the extension the Central Excise Package has become possible   with the keen interest evinced by the Chief Minister, Omar Abdullah by frequently taking up the matter with the Prime Minister and Union Finance Minister.

The industrialists, overwhelmed by the extension of the package,   expressed their thanks to the Prime Minister, Union Finance Minister, Chief Minister and the State Finance Minister.

Principal Secretary Industries and Commerce, Anil Goswami, Director Industries, Jammu, President of Jammu, Srinagar Chamber of Commerce, senior functionaries of Industries and other departments and Presidents of various Industrial Associations of Jammu were present on the occasion.

Share this post


Add comment

Security code


Slides of The Week



President Pranab Mukherjee confers the Padma Vibhushan to Amitabh Bachchan, left, during a civil investiture ceremony at the Rashtrapati Bhawan, in New Delhi on 8-4-15. - AP Photo/ Manish Swarup
US President Barack Obama and first lady Michelle Obama fold their hands in Namaste gesture before their departure from Air Force Station Palam in New Delhi on 27-1-15. - PTI Photo/ Manvender Vashist
British Prime Minister David Cameron with US actress Angelina Jolie, Special Envoy of the United Nations High Commissioner for Refugees, on the doorstep of Cameron's official residence at 10 Downing Street following their meeting in central London on June 11-6  - 2014:-AP/PTI





Cartoon of The Week

JA slide show


Quote of the Week

Laziness may appear attractive, but work gives satisfaction.
Anne Frank

Share this post


JP Social Widgets

Tours & Travels Partner

Live Healthy!

Published From

J B. Plaza, Residency Road,
Srinagar Kashmir - 190001. (India) Phone: Office + 91 0194 2459303

Email:- editorjehlumpost@gmail.com

Legal Advisor:- Shabnam Gani Lone
(Advocate) Supreme Court of India 




Kashmir - by JK Tourism. org

SKICC - Srinagar Kashmir

Sher-i-Kashmir International Conference Centre, Srinagar

Srinagar Weather :

Current Forecast
Sat, 30 May 2015 11:30 am IST
Partly Cloudy
High: 22°C
Low: 10°C
Sunrise  5:21 am
Sunset 7:36 pm
Humidity: 47 %
Visibility: 4.01 
Barometer: 812.73 
 31 May 2015
PM Thunderstorms
22°C / 9°C
 1 Jun 2015
PM Showers
21°C / 9°C
 2 Jun 2015
PM Showers
23°C / 10°C
 3 Jun 2015
PM Light Rain
21°C / 9°C
 4 Jun 2015
PM Rain
21°C / 9°C
 5 Jun 2015
PM Showers
23°C / 9°C
 6 Jun 2015
PM Showers
24°C / 10°C
 7 Jun 2015
Mostly Sunny
26°C / 10°C
 8 Jun 2015
28°C / 11°C