Saturday, December 01, 2007

NATHULA TRADE FOR CURRENT YEAR IS CLOSED

Gangtok, December 1: The Border Trade through Nathula Trade Route started from 6th July 2006 and ended on 29th September 2006, last year. The traders had expressed certain problems and accordingly, the State Government took up the matter with Government of India to make this route a major avenue for economical and multifaceted development from the current year 2007. The Government revised the duration of trade from 1st May to 30th November 2007, it also increased the CIF value of a single consignment from Rs.25.000/- to Rs.1.lakh and in lieu of pan number, sales Tax certificate was allowed.
The details of the trading at the border for the two years are as follows:
The Border Trade for the current year closed on 29th November 2007.