Hailing the state government decision's of abolishing multiple point entry tax, traders sounded optimistic about the move and said that this will help in price-regulation mechanism.
State government in a recent move has abolished multiple-point entry tax and tax has been made single point tax which means that it will be realised at only one point. Now tax will either be levied at the point of manufacturers level or it will be applicable in case the product is being imported inside the state.
Umang Agrawal, a trader welcoming the decision said, "In November 1999, state government had come up with Entry Tax Act which was levied on several products which included paper, coal etc. Traders resented the move and in year 2007, High Court declared the decision as unconsitutional. Thereafter, state government revised its decision and in September 2008 came up with some modifications in the Act bringing some more products under the entry tax net and making it multiple-point."
"This was the traders main concern that the tax was multiple point and it was realised from the traders at various points. Now it has been done away with and we are happy with the step", Agrawal added.