Industry status

AP Chambers seeks industry status for the logistics sector

AP Chambers called on BJP National Secretary General and Rajya Sabha MP Arun Singh to grant industry status to the logistics sector.

Mr. Arun Singh was in town to participate in a “meeting of intellectuals” organized by the party here on Wednesday.

AP Chambers Chairman Sudhir Mulagada and KRB Vice Chairman Prakash made some suggestions on behalf of members to facilitate ease of doing business (EODB) and submitted a memorandum to Mr. Singh on trade requirements .

They demanded a capital gains tax exemption on the sale of assets to clear bank loans or to close non-performing assets (NPAs) to help small entrepreneurs, who sell assets to clear accounts. bank loans. The financial package announced to tourism players by the Indian government would only benefit agents registered with the Ministry of Tourism and barely reach around 5% of real players.

They demanded that all GST registered travel and tourism stakeholders contributing to the treasury be considered for the relief package. Other demands include: the release of TDS refunds to all MSME units on a priority basis, the reduction of high excise duties on fuel and also the removal of the daily review of fuel prices and the use of changes in fuel prices. price once a month to facilitate the EODB in the execution of contracts, bringing fuel into the scope of the GST, complete waiver of penal demurrage charges, levied for delays in unloading of incoming BCN rakes to Visakhapatnam Port Trust (VPT) by East Coast Railways (E Co R) from May 5, 2021 until the curfew is lifted and the interest subsidy to fast-paying MSMEs is lifted.