J-K govt suspends 40 companies from doing cross-LoC trade

Image
Press Trust of India Jammu
Last Updated : Jan 20 2013 | 5:29 AM IST

"40 firms were suspended from trade via Chakkan-Da-Bagh (Poonch) as they did not conduct any trade for more than six months period," said Hamid Sheikh, custodian of Trade Facilitation Centre (TFC), Chakkan-Da-Bagh, Poonch.

"Show cause notices were sent to them individually under registered covers and they did not respond," the TFC officer said.

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, he added.

Trans-LoC trade between J&K and PoK started on October 21, 2008 via Salamabad-Chakoti route in the Valley and via Chakan-Da-Bagh Poonch-Rawalakote from Jammu province.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 24 2012 | 4:35 PM IST

Next Story