Skip to main content

Indian Govt to take up Indonesia's proposal on coal tax

The government is trying to take up the issue of Indonesia proposing a tax of exports of coal at bilateral level, Coal Secretary Alok Perti said on Saturday.

"We have taken up the issues of export tax and restrictions in certain quality of coal by the Indonesian government with the Ministry of External Affairs and Finance Ministry," Perti said on the sidelines of the Fourth Asian Mining Congress and International Exhibition in Kolkata on Saturday.

"We are trying to negotiate on the issue on a bilateral level," Perti added.

Indonesia plans to impose export duty on coal and minerals from 2012 and a total ban from 2014 to discourage export without value addition and to encourage base metal and coal downstream industry development.

There was also talk of export of only value-added coal of more than 5,600 kilocalories (kcal) by Indonesia from 2014 onwards.

According to analysts, there would be an overall impact on the Indian power sector, as currently over 50 percent of the total thermal coal imports came from Indonesia.

India's coal import is likely to jump to 140 million tonnes in 2012. Perti also expressed concern over Australia's proposal to impose Mineral Resource Rent Tax (or MRRT). "Australia's proposal for a MRTT will also have an impact," he said.

Commenting on the issue, Arun Jagatramka, chairman and managing director of Gujarat NRE Coke, which has coal blocks in Australia, said: "There is still no clarity on the tax matter by Australia".

Speaking on coal shortage in the country, Perti said, "Coal India is planning to add 100 million tonne of additional production on a conservative basis during the 12th plan period (2012-17) to meet the growing demand.

He pointed out that if environmental issues were sorted out production could be increased to 150 million tonnes during the period.

"The Prime Minister's office is holding talks with coal, power and environment ministries to sort out issues," Perti said.

The Coal Ministry plans to rationalise coal linkages in the 12th plan period to meet the demand on a viability basis. Perti, however, did not elaborate on the issue.

Comments

Popular posts from this blog

Dear N.K, Over the past few weeks and months,March 2, 2017 Dear N.K, Over the past few weeks and months, we’ve been hard at work in inviting major rail operators to share their success stories at the Rail Power World Congress 2017. I would like to share with you the progress of the premium conferences. We’ve confirmed amazing names like Auckland Transport, Network Rail, RTA Dubai, SNCF, Wiener Linien and more. If you provide energy or power solutions to rail operators and would like to speak alongside senior rail executives, this is the right platform for you. Last 2 speaking slots left in the Rail Power World Congress track for solutions providers
Saina Nehwal win AustralianOpen2016.JUNE 12, 2016EDIT PM Modi  congratulated  Indian ace shutter on her win. Congratulations..!!  beats Sun Yu of China to win. Saina Nehwal clinched her second Australian Open title after defeating China’s Sun Yu in a thrilling three-game final of the Super Series badminton tournament today. The 26-year-old from Hyderabad eked out a 11-21 21-14 21-19 over the World No. 12 Sun in a fighting summit clash that lasted an hour and 11 minutes here. Narendra Modi@narendramodi Congratulations  for the stupendous victory. The entire nation is very proud of your sporting accomplishments. 0 Euro 2016 RussianBrits Fans clashJUNE 12, 2016EDIT Russia equalized less than two minutes before the final whistle, at which point a group of Russian supporters overpowered the stewards separating the two sets of fans. The number of people injured in Marseille clashes over the past three days has risen to 35, according to French daily La …