POONCH, Sep 24: State government today suspended 40 business firms from conducting cross-LoC trade after they failed to do any business for more than past six months via Poonch in the Jammu region.
“40 firms were suspended from trade via Chakkan-Da-Bagh (Poonch) as they did not conduct any trade for more than six months period,” official sources said, adding that show cause notices were sent to them individually under registered covers and they did not respond.
Their reply was sought again before September 25, as to why the names of their firms should not be struck off from the "List of registered traders of Cross-LoC-trade" from Chakan Da bagh, Poonch. Many of them did not respond and those who did not respond were debarred from the list of registered traders.
Nishu Gupta, a trader, said that the department had issued him notice and asked him to tell why he did not carry any trade in last six months. He said trade is performed for profit and there is no profit in this trade as most of the items were banned. “Then why should they carry on this trade just for loss as there are no profitable items in this trade,” he questioned. He also raised a question mark on the action of authorities saying that when their firms were registered there was no law to debar them from conducting trade.
Cross LoC Traders Association termed this as a revengeful treatment of the authorities. Pawan Anand president of association trade while interacting with KTNS said that this was a vindictive attitude of the authorities. He said authorities wanted to sabotage this trade and that is why they are doing all these tactics. The authorities did not inform Cross LoC Traders Association about this move and termed it totally injustice with them.
“We have called a meeting of core group of Cross LoC Traders Association and in the meeting we will chalk out our strategy. There is possibility of suspension of trade after the meeting as some debarred traders are pressurizing the association to suspend trade,” Anand added.
Trans-LoC trade between J&K and PAK started on October 21, 2008 via Salamabad-Chakoti route in the Valley and via Chakan-Da-Bagh Poonch-Rawalakote from Jammu province.
Trans-LoC trade between J&K and PAK started on October 21, 2008 via Salamabad-Chakoti route in the Valley and via Chakan-Da-Bagh Poonch-Rawalakote from Jammu province.
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