Industrial unit holders stages protests, detained by police in Srinagar

5 Dariya News

Srinagar 01-Jan-2018

Police on Monday detained scores of industrial unit holders protesting against SRO 519 and SRO 521 recently passed by the state government.The protesting unit holders who had gathered at Press Colony in Srinagar said that the "discriminatory SROs" were passed in a hurry to benefit "a handful of outside investors" based in Jammu region.Police swung into action and detained dozens of protesters after they tried to march towards the busy Resideny Road. The protest held under the banner of Federation Chambers of Industries Kashmir (FCIK) saw presence of unit holders from several industrial estates across Kashmir.FCIK President, Mukhtair Yousuf said providing 42 percent CGST refund from the state government to selected outside investors based in Jammu region is a burden on the state exchequer.  “Only 282 units out of a total 60,000 units in the state have been notified for the 42 percent CGST refund from state government while 58 percent refund to them is given by central government,” he said. (PTK)