Punjab deputy chief minister Sukhbir Singh Badal on Tuesday held a meeting with various groups of the industry and trade on e-TRIP (electronically transporting information within Punjab), a new system of revenue collection for six items cotton, sarson, vegetable oils, iron and steel, plywood and yarn.
Sukhbir said cotton traders had welcomed e-TRIP and there were no complaints from traders of sarson and vegetable oil. Apprehensions of the iron and steel industry, especially casting and forging, had been removed and negotiations were on with the plywood industry for lump sum tax. The deputy CM clarified that e-TRIP was not applicable to casting and forging industry.
"The hosiery, nut-bolt and fastener industries have agreed to e-TRIP through transporters," a government spokesman said.
Speaking to industry representatives, Sukhbir said the SAD-BJP government was industry-friendly and had taken a series of initiatives to introduce transparency in revenue collection and check harassment of businessmen.
The deputy CM agreed to the demand of the knitwear club and the nut-bolt industry that transport of hosiery goods and nut-bolts would not be checked for e-TRIP within city limits.
The deputy CM also asked the excise and taxation commissioner to study the proposal of the hosiery industry to charge lump sum tax per box or per sack.
The Plywood Industry Association, assuring support to the government, said they were paying average tax of Rs. 2 lakh per press and they were ready to pay Rs. 9 lakh per press if e-TRIP was withdrawn from this industry. The deputy CM asked the excise and taxation commissioner to study the proposal and come out with viable solutions.
The BJP, coalition partner in the state government, had raised an objection to the e-TRIP system, asking for more time to traders to get acquainted with it. A delegation of BJP led by Punjab affairs incharge Shanta Kumar had on Sunday met CM Parkash Singh Badal.