Mining ban causes Rs 35 cr service tax loss in Goa

The ban on iron ore mining in Goa has hit the revenue collection by causing a loss of Rs 35 crore since September 2012, a senior official said today.

"The closure of mining activity since over a year has badly hit service tax collection," V P C Rao, Commissioner of Central Excise and Customs in Goa, told PTI.

The ban on iron ore mining by the Supreme Court had adversely impacted economic activities in Goa and also the collection of import and export duties.

Rao said a loss of Rs 35 crore has been reported since closure of the mining activity in September 2012.

Iron ore mining in the state is banned temporarily by the apex court after large-scale illegal mining was found after a probe by Justice M B Shah commission.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture