J&K for easing of cross border trade restrictions
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Last Updated: Wednesday, June 22, 2011, 22:53
Srinagar: Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday said he would take up with the Centre the issue of easing restrictions on crossborder trade to further strengthen the Confidence Building Measure (CBM) in the state.

"We will take up the issue of easing restrictions on the Cross-LoC trade with the Central Government and advocate banking and communication facilities for the traders," Omar said while addressing a high-level meeting, attended by representatives of the Associations of LoC Traders.

"This strong Confidence Building Measure (CBM) requires to be strengthened by removing all bottlenecks and nurturing it to the benefit of the traders of both the sides of LoC," he said.

He said the issues within the jurisdiction of State would be addressed by the State government on fast track while those requiring Centre Government?s approval would be thoroughly taken up at the right fora.

The Chief Minister announced that state government would consider the concession on VAT to the items to be exported by the traders from this part of the LoC to the other side.

"The Finance Department has already finalized a proposal in concurrence with the Law Department to this effect," he said adding in order to allow VAT concession to the LoC traders, an amendment is required in the VAT Act.

He said the Government would move ahead in this direction on fast track.

The meeting was also attended by Minister of State for Home Nasir Aslam Wani, Chief Secretary Madhav Lal, Director General of State Police Kuldeep Khoda.


First Published: Wednesday, June 22, 2011, 22:53

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