Goa CM Pramod Sawant thanked Union govt for abolishing export duty on low grade Iron Ore

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Panaji: Goa chief minister Pramod Sawant on Saturday thanked the Union government for its decision for abolishing export duty on low grade Iron Ore.

“I thank the Union Govt led by Hon’ble PM Shri @narendramodi Ji for considering our request for levying Nil Export duty on below 58 Fe Iron Ore. My gratitude to the FM @nsitharaman Ji for the withdrawal of export duty that will give a boost to the mining sector and Goa’s economy,” Sawant tweeted on Saturday.

In yet another tweet, Sawant thanked Union Home Minister Amit Shah over the centre’s decision. “I thank the Hon’ble Union Home Minister Shri @AmitShah Ji for his support in withdrawal of export duty on iron ore with less than 58% Fe. This will fetch higher revenues for Goa Govt in auctioning of mining leases.”

“This will also propel export of low grade iron ore from Goa giving relief to various segments in iron ore business and allied activities,” he said another another tweet.

The union government on Friday had decided to abolish export duty on iron ore lumps and fine and pellets. The export of pig iron and steel products classified under some of the headings will also attract nil export duty.

In May this year, Sawant had met the Union Finance Minister requesting her to reduce the export duty to zero on the low grade iron ore.

The Union government, this year, had increased the export duty on low-grade iron ore.

Goa government has already began a process to auction the mining leases in the State. The Mining industry in the state has come to a standstill since 2018 after Supreme Court quashed 88 mining leases.

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