‘Tax loss affecting plywood industry’
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Plywood manufacturers are claiming that the smuggling of wood from Punjab to Haryana and other neighbouring states and illegal entry of plywood, without the payment of tax, is affecting the local industry. Ashok Juneja, president, Punjab Plywood Manufacturers Association stated that due to tax evasion, plywood from Yamunanagar was 26 per cent cheaper than that available in the Punjab market. In a meeting with Principal Secretary D S Bains on Sunday, Juneja urged Bains to look into the matter.
Bains had come to Ludhiana to have a meeting on this issue. Juneja stated that though government was contemplating setting up mandis for the sale of wood, the move will not be for the interest of the industry as, he claimed, middle man will ensure prices remain high.