Petrol Pump dealers harassed by income tax authorities on old currency notes- Grewal

New Delhi : March 9, 2017:
FAIPT National Secretary and Spokesperson Sukhminderpal Singh Grewal said that Dealers being harassed by income tax authorities on issue of deposit of old currency notes. Federation of All India Petroleum Traders, FAIPT and oil industry meeting was held today at Hotel Park New Delhi with Ed Retail George Paul BPCL ,ED retail Mr A Prasad HPCL and Ed D K Sharmaji IOCL along with concerned GM and chief managers of all 3 oil companies were present.
In this meeting National President Ashok Badhwar, National General Secretary TS Anand, National Secretary and Spokesperson FAIPT Sukhminderpal Singh Grewal from Punjab, Pashupati Mata from Mumbai and other senior leaders pressed senior oil Industry officers for 5% dealer margin and said that the Revision in Dealer Margin is awaited from 1st Jan 17 GM Mr R K Panda responded that since 12th Jan there has been no revision in product prices hence dealer margin could not be increased, he indicated that a price revision can happen on 16th march or 31 March night than increased dealer margin will be effected.He also informed that next Dealer Margins increases will happen in July 2017 in which Increase in minimum wages to the tune of more than 50%will be considered along with other components.
Grewal told that FAIPT leaders said that Dealers are being harassed by the income tax authorities on the issue of deposit of old currency notes they are doing surveys and sending notice of personal appearances All Ed's assured that they will bring this issue in the notice of Petroleum ministry and PMO and save the dealers from undue torture. They raised an issue of pilferage and theft of product during. FAIPT leader from Himachal Pradesh raised the issue regarding transportation and stressed on strong ATS system.
Grewal told that FAIPT National President Ashok Badhwar recommended fixing of 3 cameras on tank lorry so as to stop theft This suggestion was welcomed and Ed's promised that they will seek permission from explosives dept for the same and a sample will be done for further actions.
Grewal told that the limits problem was bought to the notice by National President Ashok Badhwar that credit customers are directly paying to company account hence deadline of Edfs are unable to be met by dealers hence there is a default in payments. The Omc's informed that they had meetings with SBI and in a week time the repayment period will be increased from 15 days to 30days hence default can be prevented.
Grewal said that Ashok Badhwar pointed out that low selling lubes are pushed to HPC dealers which creates huge loss to HPC dealers It was assured by Hpc ED Sri Prasad that he will stop this practice of pushing lubricants to the dealer in one month time.