Jammu and Kashmir administration on Tuesday announced abolition of toll posts, including at Lakhanpur along Jammu-Pathankot highway, a move that will lead to a loss of Rs 1,500 crore to the exchequer annually. The decision of the abolishment of the toll tax from the New Year was welcomed by traders while industrialists termed the withdrawal of toll tax as a "Black Death Warrant for J&K Industrial Sector".
Announcing the decision at a press conference here, Principal Secretary, planning, monitoring and development Rohit Kansal said the government has decided to set up a High Powered Committee under the chairmanship of Advisor KK Sharma to interact with various stakeholders and to suggest measures to improve the competitiveness of local industry.
"The administration has decided to abolish toll tax at Lakhanpur and all other posts including at Railway Stations and Airports with effect from January 1, 2020," he said.