Mining industry urges not to levy taxes
PTI, PANAJI | 17 March 2013 16:39 IST
Goa's iron ore industry has urged the state government not to levy additional taxes on it during the forthcoming state Budget to be presented on the floor of the House tomorrow.
In its pre-budget wish list, Goa Mineral Ore Exporters Association (GMOEA) has said the industry is already reeling under pressure of the current suspension by the Supreme Court.
"In view of the current drawbacks, the mining Industry hopes that no additional taxes are levied on it in the forthcoming state Budget," GMOEA has said.
The mine owners have also said that they look forward to increased improvement of infrastructure, especially roads within the mining belt.
"Improvements in inland waterways coupled with bunkering facilities along major waterways can also boost growth of other sectors, apart from mining," it added.
The association has said that certain fiscal amendments like corrections on e-filing, VAT for declared goods, entry tax on ships and other vessels, and others need to be looked into.
"The mining industry in India, especially iron ores, is possibly the highest taxed sector, with over 50 per cent of its earnings being paid back as taxes to the central and state governments," GMOEA said.
Goa's mining industry has been reeling under pressure of the current suspension orders on extraction activity, as all revenues have stopped ever since operations were suspended about six months back.
The industry is hopeful of an early hearing in the matter so that the issues relating to resumption of operations are urgently addressed.
This would bring relief to all the stakeholders, including governments, the GMOEA added.
Drop a comment
Latest News
- Rebuilding Which Temples? खंयचीं देवळां बांदतले?
- Deficit budget presented, but no taxes! Each Goan has a Rs 1.46 lakh loan!!
- Why is the Goa Govt treating Konkani Cinema as ‘Kaajro’; a bitter tree?
- Dr Suresh Amonkar loses Covid battle, 8th death in Goa
- A victim boy exploited by women, ‘Juze’ is a real story: Miransha
- SC again stops Goa mining from 16 March, orders fresh ECs & recover dues
- NGT orders 25 miners to appear before MoEF, face closure threat
- Fearing another attempt of arrest, Digambar seeks interim bail
- Goa police summons Ex-CM Digambar in mining scam
- Properties of Digambar and Churchill attached in Louis Berger scam
Budget
- Deficit budget presented, but no taxes! Each Goan has a Rs 1.46 lakh loan!!
- GST may take Goa’s tax revenue up by 25%
- Parrikar assures garbage-free, beggar-free, kerosene-free Goa
- Slogans of Caurem tribals speak louder than their suppressed voice…
- Reduced VATs on sweets, garments, AA canteens in Kejriwal's Budget
- Permission must to cut coconut tree; Agro-Milk-Fish funds doubled
- Once again, Parsekar presents a surplus budget of Rs 159 Cr
- Petrol up nationally; will Parsekar rollback the budget-hike of VAT on petrol?
- Budget Highlights 2016
- More VAT in Goa budget may hike Petrol price
