Thursday, May 12, 2011

Nathula trade to re-open from May 16

Gangtok: Traders from Sikkim had earlier returned empty handed from Nathula trade due to tax imposed by China on trading. However, they will re-participate in the border from 16th May. According to sources, China has no authority to impose tax on listed items as Nathula is a free trade zone.

The Chinese Government has appealed the Indian traders to participate in trade and traders from both sides can purchase only listed items. Sources allege that Chinese custom department did not permit Indian traders to buy listed items. But during regular checking by Indian customs they found unlisted items from Chinese traders and when custom authorities’ disallowed unlisted items to be taken, Chinese customs imposed tax on Indian traders on listed items, which is illegal according to agreement between two Governments back in 2006 when the border trade was resumed after many years.

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