Srinagar: The Kashmir Chamber of Commerce and Industry (KCCI) on Friday said “harassment”, arm-twisting and punitive action is being taken against the law abiding business community who are already reeling under stressful conditions prevailing in the State.
According to the statement, the traders’ body said that it extends its support to the Jammu Chamber of Commerce and Industry with regard to the complaints of “harassment” of traders, industrialists and LOC Traders.
We share the anguish of our Jammu brethren and “understand that they have taken the extreme step of calling for boycott of the Pre-Budget discussions after having left with no choice,” they said.
The trades’ body urged the Governor Satya Pal Malik to intervene in the matter and ensure that the genuine problems faced by the trade, commerce and industry of the State are put in proper perspective and redressed.
“KCCI continues to hold its opinion that the implementation of the Goods and Services Tax (GST) in J&K was ‘detrimental’ to State’s economic interests and compromised the special status enjoyed by us,” the statement reads.
“Our State is different from any other State of the Country having a special constitutional position,” it added.
…after a year now, “the impact of implementation of GST on our economy is much clearer. Our handicrafts, tourism, industrial and other sectors are suffering. Many establishments have downed shutters permanently. Assurances and promises made have not been acted upon. The State has, in an unprecedented action, refused to honour commitments made in last year’s budget,” the KCCI said.
“The KCCI urges for protection of the Special Status of our State and also to take steps for ensuring the participation of the Jammu Chamber of Commerce and Industry in the Pre-Budget Discussions which otherwise would become an exercise in futility,” the statement reads.