Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Tax evasion goes on in mineral export

Murky affairs

Post News Network
Updated: November 9th, 2020, 09:50 IST
in State, Top Stories
0
Tax evasion goes on in mineral export
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Joda/Bhubaneswar: A few years after a massive mining scam in Keonjhar and other mineral-bearing areas in the state was unearthed, tax evasion by mineral exporters has come to the fore. The illegality has been going on with impunity.

The Customs department detected the illegality at the Paradip Port a few days ago.

Also Read

Odisha, IMD, Weather, Heatwave

Odisha reels under intense heat; IMD forecasts rain for four days

2 hours ago
OP Pic

‘Suic*de’ inside Kendrapara Collectorate

2 hours ago

Following the mining scam, many leaseholders had to deposit crores of rupees as penalty after the Supreme Court pronounced its order on the basis of the Central Empowered Committee report and investigation by the MB Shah Commission.

According to reliable sources, a cargo ship named as MV Magnus Fortune was loaded with 52,051 tonnes of iron ore at the port recently. The iron ore was being exported by BS Minerals, a mineral export company.

Officials of the Excise and Customs departments had carried out raids on various mineral export companies.

During the raids, officials came to know that the exporter had managed to evade tax on the minerals loaded on the ship.

The department immediately seized the minerals at the port and imposed a penalty of Rs 8, 7, 26, 314 and claimed a bank guarantee of Rs 1 crore from the exporter.  The departments after getting a bond of Rs 5.40 crore had let go of the ship to its destination.

This incident may be a tip of the iceberg while it is alleged that many mineral exporters have been exporting minerals to the international market easily without paying taxes.

It was learnt that the mineral being exported in MV Magnus Fortune ship was in fact transported from Koida mining circle in Sundargarh and from Joda mining circle in Keonjhar.

As per the norms made by the Indian Bureau of Mines (IBM), iron ore having ferrous content less than 57 per cent are made free of custom tax while 30 per cent of the total value of the exported mineral has to be paid as custom tax in case the iron ore contains over 58 per cent ferrous content.

A number of questions now crop up after this exposure came to the fore. How such high-quality mineral was being exported under the garb of low-quality mineral in the ship. How such illegality could not be detected earlier despite having a proper system at work.

How high-quality minerals are being exported without the knowledge of the joint director of mines, deputy director of mines and mines inspectors. Now, the role of mining officials has come into question by various quarters.

When asked about the issue, joint director of Joda mining circle Salil Kumar Behera said he was unaware of it.

Sources said such illegalities in mineral transportation have been going on. A non-Odia trader based in Barbil is said to be involved in the shoddy activities in mineral transportation.

The trader has got trading license from the office of the joint director at Joda. Various quarters have demanded a high-level probe into the illegalities in mineral transportation.

PNN

 

Tags: Indian Bureau of MinesJodaJoda mining circleKeonjharKoida mining circlemineral transportationSundargarh
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019

Archives

Editorial

Indo-Myanmar Ties

India, Myanmar
June 3, 2026

The ongoing visit of Myanmar’s President Min Aung Hlaing to India is fraught with geopolitical significance. India's reputation as a...

Read moreDetails

Cockroach Movement

CJI Surya Kant and CJP
June 2, 2026

An unwarranted observation by the Chief Justice of India Surya Kant has stirred the Indian youth out of its seeming...

Read moreDetails

Anything Is Food

June 1, 2026

Prominent Muslim voices have asked the Prime Minister of India to declare the cow a national animal and subsequently ban...

Read moreDetails

The Cow Conundrum

May 31, 2026

By Aakar Patel Prominent Muslim voices have asked the Prime Minister of India to declare the cow a national animal...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST