Goa requests MoF to levy nil export duty on low-grade iron ore

27 May 2022 CW Team

The Goa government urged the finance ministry to bring down the duty on low-grade iron ore to nil.

Days after the Centre increased the duty on exports of iron ore to 50%, Chief Minister Pramod Sawant met Union Finance Minister Nirmala Sitharaman urging her to impose nil duty on low-grade iron ore on Monday.

In a bid to raise domestic availability, the Centre has increased the duty on iron ore exports to 50%.

In a statement issued last evening, the chief minister's office said vide notification dated May 21 that the Centre has imposed a 50% duty on exports of all grades of ore.

Goa's ore mainly being low grade and not processed for steel making in the nation, the state has urged the Ministry of Finance to consider nil export duty rather than 505 on low-grade iron ore exports, as was done since 2016, the CMO said.

The state government further told the media that this is required for sustainable mining in Goa.

In Goa, the iron ore mining industry has come to a halt since March 2018 after the Supreme Court stopped all mining leases.

Image Source

Also read: Govt waives customs duty on imports of certain raw materials

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..