Economy | Mining
Goa loses Rs 35 Cr service tax on mining ban
PTI, PANAJI | 14 January 2014 22:14 IST
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 on Tuesday.
"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.
Total Comments :1
35 crore service tax is Not LOST BY GOA GOVT..but is being lost by the Delhi ministers..!!! (personel account money)...!! Aaj ka gundaraaaj...!!! Delhi central govt..!!!