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MINING CESS
NMDC hikes iron ore prices by up to 11.1% effective April 5In a pivotal move, NMDC, the state-owned giant, is set to hike iron ore prices effective April 5, 2026. Following an unprecedented producti...- HC junks Rajasthan Rajya Vidyut Utpadan Nigam Limited's appeal on coal compensation cessThe Rajasthan High Court has ruled against Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) in a dispute concerning compensation cess w...
- Enforcement of new mining cess may increase cost pressure for steel makers: IcraFollowing the Supreme Court's ruling, states may impose a mining cess, potentially raising costs in the domestic steel industry. This chang...
- Jharkhand assembly passes Bill to levy cess on mined mineralsThe Bill proposes varying tax rates for different minerals on a per-metric-tonne basis: Rs 100 for coal and iron ore, Rs 70 for bauxite, an...
- Mining royalty case in SC: Centre says PSUs' burden would top Rs 70,000 cr if ruling made effective retrospectivelyThe Central government opposed states' plea in the Supreme Court for a refund of royalty levied on mines since 1989, arguing it would burde...
- Centre may amend MMDR Act to prevent further leviesSome companies could face dues running into thousands of crores if Thursday's Supreme Court order is applied retrospectively. This is becau...
- Mining operators case: SC through majority opinion holds that royalty is not in the nature of taxA nine-judge Supreme Court bench, led by Chief Justice DY Chandrachud, has clarified that royalty is not considered a tax. This statement w...
- SC reserves verdict on whether royalty on minerals is taxThe Supreme Court reserved its verdict on the taxation of minerals royalty under the Mines and Minerals Act, addressing the conflicting vie...
- Vedanta moves SC against Goa cessChallenging a Bombay High Court order on January 10 that dismissed its plea, Vedanta said the impugned levy is a tax and not a fee since it...
- Abolished various cesses via budgets to pave way for GST: GovernmentHowever, seven cesses will continue to be levied under the Goods and Services Tax regime since they pertain to customs or goods which are n...
- Naveen Patnaik seeks greater share of clean energy cess for coal-bearing statesPatnaik’s argument is that Odisha has to “face the adverse effects of coal mining such as displacement of people, environment pollution, re...
- Government may get Rs 23,944 crore from clean environment cess in FY17The purpose of clean energy/environment cess was for financing and promoting clean energy initiatives, funding research in the area of clea...
- Budget will help in resumption of mining, feels industryThe measures proposed in Goa budget will help in resumption of mining industry which has been undergoing a critical phase, the state's busi...
- Budget 2016: Labour ministry to remove four leviesThe labour ministry has identified four of the six cesses levied to promote workers’ welfare it will axe as part of FM's announcement durin...
- Polluting environment? You may soon have to pay cessSoon, you will have to pay for polluting the environment and making the city more livable. The state environment department is in the proce...
- Govt unlikely to consider super profit tax on minersThe government is unlikely to consider implementation of a super profit tax on miners, as the new mining Bill which is pending Parliament a...
- Goa government clamps activity at iron ore dumpsTightening the screws on the mining lease holders and traders after facing inquiry by Shah Commission, the Goa State Mines and Geology depa...
- New mines bill to be tabled in Parliament in winter sessionNew Mines Bill, which provides for sharing of profits with project-affected people, will be introduced in the winter session of Parliament
- Profit-sharing & royalty apart, miners to pay 12.5% cessThe mining firms will have to bear a combined cess up to 12.5 per cent on the royalty paid to states and the Centre, as per the new mining ...
- It’s Pits: Coal power may cost moreThe efforts to provide cheap power to the consumer may receive another setback with the government considering a proposal to impose cess on...
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