Coal Ministry

Coal import substitution: Rationalise GST compensation cess on coal, says Inter-ministerial panel

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Coal Import Substitution Rationalise Gst Compensation Cess On Coal Says.jpg

An Inter Ministerial Committee, set up by the Coal Ministry, has suggested that GST compensation cess should be imposed on an ad-valorem basis so that it is directly related to the price and quantity of coal, instead of a fixed amount of ₹400 per tonne. The Ministry constituted an Inter-Ministerial Committee (IMC), for preparing a … Read more

Captive, commercial coal mines likely to produce 140 mn tons in FY24 as Govt pushes for higher output

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Coal India Production Soars 105 To 6851 Mt During April February.jpg

Coal production by the private sector is expected to surpass 140 million tonnes (MT) in FY24, ending March 2024, as the Coal Ministry pushes for enhancing output from captive and commercial mines. Also read: Coal India not to miss production target for 2023-24, say officials  The Ministry’s strategy is to auction more blocks under commercial … Read more