It’s a tax that traders will pay the local civic body for importing goods into the city. Sounds similar to octroi? Octroi, abolished in almost all municipalities in state, is paid every time a consignment enters the city, at octroi nakas. LBT attempts to speed up goods movement, stressing self-declaration of goods by traders who will maintain LBT accounts.
Does BMC charge LBT?
The BMC is yet to migrate from its octroi regime and has bought time till later this year. So how does the traders’ strike affect Mumbai? The trader community is protesting the imposition of LBT in neighbouring municipalities, and the impending imposition in Mumbai. Wholesale markets in Mumbai, Thane and Navi Mumbai have been affected for 11 days, a complete shutdown in some localities and sporadic protests elsewhere.
But why are they protesting if LBT is merely replacing …
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the shoe shine guy, a photo by firoze shakir photographerno1 on Flickr. simple uncomplaining hardworking relic of old mumbai sniffing polish hazards of his menial job accidental high the soul yearns for peace hope as time flies chaka chak shoes polished neat and nice indian railways where scams prosper home of our soon to be forgotten shoe shine guy