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NSCN(I-M) outfit declares 'tax exemptions'

Virtually announcing its writ as a parallel government, the underground NSCN(I-M) on Tuesday announced exemption from what it termed as 'loyalty taxes' to certain categories of commercial enterprises for two years to boost economic activities in Nagalim, the Naga-inhabited areas of the north-east.

The 'tax exemption' would cover newly established enterprises, privately-owned or otherwise, which have not completed two years of functioning, NSCN(I-M) information and publication secretary V Horam said in a release in Kohima.

The underground outfit, which is engaged in talks with the Centre after a ceasefire agreement in July 1997, also offered 'tax exemption' to industries which are being revived, specially the public sector Tuli Pulp and Paper Mills, Dimapur Sugar Mills and Wazebo cement factory, he said.

However, 'loyalty taxes' from other enterprises not specified in the list and percentage deduction of salaries from employees of all categories would be realised as before, he said.

NSCN(I-M) appealed to all concerned to avail 'this privilege through the ministry of chaplee (finance affairs) of the underground government'.

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