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News Brief | September 2014

Goa to reduce taxes on import of coal

Goa Chief Minister Manohar Parrikar has announced that Goa would scale down State taxes on import of coal. The existing green cess and rural welfare cess on the import of coal through Mormugao Port Trust has stopped the activity, Parrikar told the State legislative assembly. "I have decided to reduce the taxes so that the import will start again," said Parrikar adding that the green cess of Rs 50 instead of the existing Rs 250, would be imposed, while the rural welfare cess would be scaled down from 2 per cent to 0.5 per cent. The Chief Minister said the state government, which was gathering Rs 550 per tonne of coal will now get something around Rs 110-120 per tonne and the annual collection will be Rs 170 crore. He said that if state government continues with the current rate of taxing, the coal import would be diverted through nearby Karwar port.
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