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Punjab - Sports manufacturers demand abolition of VAT  

Sports goods manufacturers today reiterated their demand for abolition of VAT on their produce and said any delay on the part of government in this regard would further destabilise the sector.



 

"We have been demanding for the last 11 months to abolish VAT on sports goods as done in Jammu and Kashmir and Uttar Pradesh, the major competitors to the industry here", Ravinder Dheer, convenor of the "Maha Sammelan" of sports goods manufacturers and traders of the state told reporters.

Although, in principle, the state government agreed on the demand in last July, nothing has been done so far, he alleged.

He claimed that the industry had incurred huge losses last year, especially after abolition of VAT in Uttar Pradesh. Due to four per cent VAT in the state, domestic customers were buying materials from Meerut.

Many of the over 400 units in the city were on the verge of closure, he added.

Source : SamayLive - Noida, Uttar Pradesh, India,  dated 21/02/2009

 

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