In the wake of the recent deluge in Surat, the Confederation of Indian Industry (CII) is planning to move to the state government for amendments in the tax structure for the city. | |
| CII-Western region is placing the tax relief proposal with the state government, while its Delhi chapter would do the same with the Central authority. |
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| The proposal is expected to recommend a review of the direct and indirect tax structure for the city with special emphasis on VAT and octroi regulations. |
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| "After a meeting with representative members from various industries in the state, we feel it is imperative that the state reviews the taxes being levied upon Surat in the current flood situation. We would be formally filing a proposal to the governing authorities in two-days' time, " Chetan Tamboli, chairman CII Gujarat, told Business Standard. |
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| The association would also be making a representation to the Ministry of Finance through the Reserve Bank of India (RBI) to address flood-related issues. |
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| According to sources, around 60 per cent of textile mills, 70 per cent of the diamond industry and 60-70 per cent of chemical units in Surat have either started functioning or are almost ready to commence operations, said Tamboli. |
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| Even as the city is limping back to normalcy, the Southern Gujarat Chamber of Commerce is preparing a project on disaster management and plans to co-ordinate it with the state government shortly. |
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| CII's sister chambers in MP, Goa, Rajasthan and Maharashtra are also collaborating to conduct relief initiatives for Surat. |
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| So far, corporate members of the CII, including Steelcast, KHS Machinery, Intas, Dishman, Paras, Heliwood, National, L&T, Rasna and ITC Foods have contributed an estimated Rs 50 lakh for Surat. |
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