Mess in LoC trade| Registration of 306 traders cancelled

After finding serious “discrepancies” in the records maintained at Trade Facilitation Centre Slamabad, the custodian cross-LoC trade here has disqualified over 300 enlisted traders.
Mess in LoC trade| Registration of 306 traders cancelled
File Photo

After finding serious "discrepancies" in the records maintained at Trade Facilitation Centre Slamabad, the custodian cross-LoC trade here has disqualified over 300 enlisted traders.

The traders disqualified have been found to have remained inactive during past several years.

According to sources, the record of traders associated with the cross-LoC trade at Slamabad, Uri has been found in complete mess.

"Huge discrepancies have been found in the records pertaining to the traders. Around 17 registration numbers of traders have been found to have been listed twice," sources said.

A communication dated 14.07.2015 sent by the Custodian TFC Salambad to Director Industries and Commerce Kashmir reads: "The basic enlistment register of traders maintained at TFC Salamabad is in a haphazard manner. The enlistment number and the number of list prepared by the successive officials is mismatching and needs to be corrected (sic)."

"None of the trader is heaving any registration file which would have indicated his credentials  besides his import/export (sic)," it reads.

As per official documents, there are around 634 traders enlisted for the cross LoC trade at TFC Salambad. However, out of 634 enlisted traders, 306 have been found inactive.

The LoC trade was started in Kashmir as a confidence building measure. Ever since its start, the trade has remained mired in problems. 

The traders associated with this trade have several times demanded facilities including banking and communication which according to them would help in the growth of this trade.

The trade, in absence of any banking facility is being carried out on a barter system where the commodities are exchanged for commodities.

The traders' organizations in Kashmir have several times demanded that they be allowed to have a face-to-face meeting with their counterparts from other side of the divide, so that they explore the avenues of more trade.

No stories found.
Greater Kashmir
www.greaterkashmir.com