Cross-LoC trade suspended from Poonch

PRESS TRUST OF INDIA

Poonch, May 3: Indo-Pak trade via Chakan-Da-Bagh Line of Control (LoC) point in Poonch district has been suspended for another two weeks by the traders in protest against slapping of Sales Tax and VAT on the trading commodities.
 "We have decided to suspend cross-LoC trade between the traders of J&K and Pakistan administered Kashmir (PaK) via Chakan-Da-Bagh crossing point in protest against state government's move to slap Sales Tax and VAT on the trading goods", Presiding of LoC Traders Union Pawan Anand told reporters after meeting of the cross-LoC traders here today.
 India and Pakistani traders had traded goods in terms of import and export worth Rs 134 crores in Indian currency (export) and Rs 232 crores in Pak currency (import) since beginning of trade via Chakan-Da-Bagh crossing point in Poonch district of the state on October 10, 2008 till now.
 The traders had earlier suspended the trade for past four weeks in protest against government's decision.
 “If the government did not withdraw the slapping of tax on cross-LoC trade, they will be forced to go to Court to seek justice,” Anand said, adding we hope that government will keep trade out of the preview of taxation.

Lastupdate on : Tue, 3 May 2011 21:30:00 Makkah time
Lastupdate on : Tue, 3 May 2011 18:30:00 GMT
Lastupdate on : Wed, 4 May 2011 00:00:00 IST



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