Goa gov expects Rs 500 cr by collecting royalty on ore exports
Panaji: Goa government expects to garner
Rs 500 crore by March 2011 as royalty on the ore exported from
state`s ports, a senior official said.
"During last two quarters of this financial year (FY),
Rs 375 crore has been collected and with mining season yet to
gain momentum, the revenue collection is expected to jump to
projected Rs 500 crore mark," Arvind Lolienkar,
The corrective measures adopted for this fiscal has
paid well for the department, he said.
Goa had earned Rs 292 crore for FY 2009-10. The jump
in revenue is primarily due to royalty charged on ad-volerom,
meaning the taxation depends upon international market prices.
"This is different from the earlier practice of
charging fix Rs 8 per tonne on the ore exported," Lolienkar
said adding that department has meticulously streamlined its
royalty collection methodology.
The department has identified all revenue leaking
points and exporters have been asked to deposit their royalty
in time. "They have to deposit royalty by 10th of every month
and file returns by 15th," Lolienkar said.
Goa has exported 15 MT ore till September 15, this
year as against the total of 42 MT ore exported FY 2009-10.
Almost 80 per cent of the ore exported from Goa
comprises of Iron ore.
Chief Minister Digamber Kamat, after receiving flak
for letting revenue drain, has worked out a mechanism of
asking the ships to take No objection certificates (NOC) from
the mines department before they leave the port.
"This will cut down on the export of illegal ore. The
ship will have to certify legality of ore before it leaves
overseas," Lolienkar said.
Hyderabad: Andhra Pradesh`s Minority Welfare Minister Mohammed Ahmadullah Friday returned home after facing an embarrassing situation in Saudi Arabia of visiting the country on Haj visa but returning without pilgrimage.
However, the minister termed the reports about him being stopped at the Jeddah airport while returning home as "baseless". He told reporters that he would serve legal notice to the television channels which aired the story.
Ahmadullah claimed he had gone to Saudi Arabia to oversee the arrangements for the pilgrims from the state in the holy city of Mecca.
The minister, who was accompanied by his wife and two sons, denied that they violated any rules or were stopped at Jeddah airport by the authorities.
As the minister and his family members were returning home after performing `Umra` (mini pilgrimage), they were reportedly stopped by the Jeddah airport authorities, who insisted that they stay in the country till the Haj season is over as they entered the country on Haj visa.
According to Saudi rules, a person who arrives on Haj visa can`t exit without performing the pilgrimage. The Indian consulate intervened to bail out the minister and his family, who then boarded a flight for Hyderabad.
The Haj season begins in the second week of November and ends in December.
Ahmadullah and his family went to Saudi Arabia Oct 15 on Haj visa as the Saudi authorities do not issue `umra` visas before the Haj season.
He did not clarify why he visited Saudi Arabia on Haj visa when he was on an official visit to oversee the arrangements. The visit on Haj visa enabled him and his family members to avail Haj subsidy on airfare.
More from India
More from World
More from Sports
More from Entertaiment
- Trouble mounts for Salman Khan as driver reiterates that actor killed blackbuck
- PM Modi to chair NITI aayog meeting today
- Narsingh Yadav dope scandal: NADA set to announce verdict today
- Protests in Kashmir were fuelled by LeT: Hafiz Saeed
- Cabinet approves changes to GST Bill, drops 1% additional tax
- Stick to my statement that Salman Khan killed Chinkara, says 'missing' driver
- Eye on China? India to buy four P-8I aircraft from US for maritime surveillance over Indian Ocean Region
- Terrorist captured in J&K's Kupwara district is Pakistani national from Lahore: Report
- No question of tampering with samples of shot putter Inderjeet Singh: NADA boss
- New Israeli settlement plans `provocative and counterproductive`: US