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Coal Mine Auction, Ministry of Coal,

Coal Ministry Successfully Auctions Ten Coal Mines of Five States in the latest Effort

Combined Coal Reserves Likely to Be 1716.21 Million Ton

Forty two Mines Auctioned So far Under Commercial Coal Mine Auctioning

Ministry of Coal had launched the auction of coal mines for commercial mining under 13th Tranche of CMSP Act and 3rd Tranche of MMDR Act on October 12, 2021. During the e-auction, cumulatively 10 coal mines were put up for auction of which six coal mines were CMSP coal mines and remaing four were MMDR coal mines. Details of all the coal mines are as under:-

  • Nine coal mines are fully explored  and one  mine is partially explored ;
  • The total geological reserves for these mines are 1,716.211 Million Ton.
  • Cumulative PRC for these coal mines is 22.014 MTPA.

The mine-wise details as below:

S. No

Name of the State

Name of the Mine

Geological Reserves (MT)

PRC

Annual Revenue projected based on the PRC of mine (Rs. Cr.)

Estimated Capital Investment (Rs. Cr.)

Estimated Total Employment

(MTPA)

1

Arunachal Pradesh

Namchik Namphuk

14.97

0.2

422.49

30

100**

Sub-Total

14.97

0.2

422.49

30

100

2

Assam

Koilajan

0.058

0.004

2.54

0.6

10***

3

Garampani

0.468

0.02

35.9

3

10****

Sub-Total

0.526

0.024

38.44

3.6

20

4 & 5

Jharkhand

Brinda & Sasai

61.053

0.68

92.44

102

919

Sub-Total

61.053

0.68

92.44

102

919

6

Maharashtra

Majra

31.036

0.48

76.26

72

649

Sub-Total

31.036

0.48

76.26

72

649

7

Odisha

Bankhui*

800

NA

NA

NA

NA

8

Bijahan

327.049

5.26

562.49

789

7,112

9

Meenakshi

285.23

12

1,152.84

1,800.00

16,224

10

Utkal C

196.347

3.37

513.24

505.5

4,556

Sub-Total

1,608.63

20.63

2,228.57

3,094.50

27,892

Total

1,716.21

22.014

2,858.20

3,302.10

29,580

 

*PRC is not available for the partially explored coal mine.

** Assuming 270 days of operations; ***Assuming 10 days of operations; ****Assuming 60 days of operations.

The cumulative results for the 3rd Tranche of commercial coal mine are as under:

S. No.

Name of the Mine

State

PRC (mtpa)

Geological Reserves (MT)

Closing Bid Submitted by

Reserve Price (%)

Final Offer (%)

1

Bankhui*

Odisha

NA

800

Yazdani Steel and Power Limited/ 274545

4

18

2

Bijahan

Odisha

5.26

327.05

Mahanadi Mines and

4

14

Minerals Private Limited/ 237318

3 & 4

Brinda & Sasai

Jharkhand

0.68

61.05

Dalmia Cement Bharat

4

8

Limited/ 65013

5

Koilajan

Assam

0.004

0.06

Assam Mineral Development Corporation Limited/ 265144

4

81.5

6

Meenakshi

Odisha

12

285.23

Hindalco Industries Limited/64856

4

10.25

7

Garampani

Assam

0.02

0.468

Assam Mineral Development Corporation Limited/265144

4

288.25

8

Majra

Maharashtra

0.48

31.036

BS Ispat Limited/64979

4

18.25

9

Namchik Namphuk

Arunachal Pradesh

0.2

14.97

Platinum Alloys Private Limited/274153

4

344.75

10

Utkal C

Odisha

3.37

196.347

Jindal Steel And Power Limited/64898

4

45

 

*PRC is not available for the partially explored coal mine.

 

Press Release

Trade Notice, DGFT

DGFT issues Procedure for allocation of quota for import of Calcined Pet Cok and Raw Pet Coke

DGFT Public Notice No 48/2015-20

New Delhi, Dated: 10” February, 2022

Procedure for allocation of quota, for year 2022-2023, for import of (i) Calcined Pet Coke for Aluminum Industry and (ii) Raw Pet Coke for CPC manufacturing industry

The Hon'ble Supreme Court in the Writ Petition No. 13029/1985 vide its order dated 9‘ October, 2018, has decreed that the import of raw material for use as Calcined Pet coke (CPC) in Aluminum Industry cannot exceed 0.5 Million MT per annum in total. Similarly, import of Raw Pet Coke for CPC manufacturing industry cannot exceed 1.4 Million MT per annum. In light of the Order of the Hon'ble Supreme Court, the import policy condition of Pet Coke was amended vide Notification No. 42 dated 23° October, 2018 wherein it had been indicated that the regulation and monitoring of such imports will be as per the guidelines of Ministry of Environment, Forest and Climate Change issued vide OM No Q-18011/34/2018- CPA dated 10 September, 2018.

2. Pursuant to the above and in exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 as amended from time to time read with Para 2.04 of the Foreign Trade Policy (2015-2020), the Director General of Foreign Trade hereby notifies the procedure/ mechanism to implement the restriction imposed on import of Calcined Pet Coke and Raw Pet Coke for year 2022-2023, as under:

Conditions and modalities of application for import of Pet coke.

  1.   Imports will be subject to guidelines laid down by MoEF&CC issued vide OM No Q- 18011/54/2018-CPA and para wise compliance may be submitted with the application for consideration of release of quota.
  2.  The annual quantity limitation in import will be operated on fiscal year basis  Accordingly, the total quantity permitted for import per annum by the Hon'ble Supreme Court and available for import is (i) Calcined Pet Coke for use  as Calcined Pet coke in Aluminum Industry is 0.5 Million MT and (ii) Raw Pet Coke for CPC manufacturing industry is 1.4 Million MT. This is available for all industrial units in these two sectors.
  3. All eligible entities desiring to avail quota as mentioned above, may apply for import license as per procedure mentioned in Trade Notice No. 49 dated 15 March, 2019 along with State Pollution Control Board Certificate (SPCB)/ Pollution Control Committee (PCC) indicating capacity of the unit as on 09.10.2018 (Hon'b1e Supreme Court Order in Writ Petition No. 13029/1985 ) and also valid consent certificate from SPCB/ PCC, in the name of user industrial units indicating the quantity permitted for import and its usage on a monthly and yearly basis.
  4. Completed online application zlong with the required documents mentioned must be submitted on or before 28“ February , 2022. Further, applicants are also required to submit undertaking along with the online application regarding utilization of import license issued to them for FY 2021-22 and surrender any unutilized quantity by 28.02.2022. Failure to do so would result in deduction of such quantity from their allocation for the year 2022-23.
  5. If documents received are found in order, the online application will be considered by exam Facilitation Committee (EFC) in DGFT(HQ) for grant of import authorization. The import authorization shall be valid till 31.03.2023 only.
  6.  lf, after obtaining permission/license for the year 2022-23, importer cannot utilize/ import the entire quantity for which the license has been issued, the applicant shall intimate the same to DGFT through email at import-dgft@nie.in on or before 31.12.2022 in order to facilitate distribution of the unutilized quota to other applicants who had applied initially. Failure to utilize allotted quantity and non—surrender will disqualify the applicant for future quota and the unutilized quantity will be deducted from their entitlement.
  7. Further, the quantity allocated during FY 2022-23 to the user applicants, if not utilized or surrendered to DGFT; the quantity left unutilized will be deducted from the quota for which applicant would be eligible in FY 2023-24, for better resource
  8. Holders of the license for import of Pet Coke would keep the DGFT (HQ) informed of the details of his import consignments i.e., the quantity of import, source and date of import along with details of Bill of entry in respect of each consignment on clearance of goods from Customs. Subsequently, a consolidated report within 30 days of the expiry of import authorization period must be submitted to the DGFT (HQ), giving consolidated details of all imports made during the period.
  9. EFC in DGFT will evaluate and allocate quota among applicants and licenses will be issued by the DGFT(HQ).
  10. Import consignments of such consignments may be cleared given that the ‘Out of charge’ has been authorized by the Customs Authorities on or before 31.03.2023.

3.   Effect of this Public Notice:

The procedure for allocation of quota for import of (i) Calcined Pet Coke for use in Aluminum

Industry; and (ii) Raw Pet Coke for CPC manufacturing industry for the year 2022- 2023 is notified.

 

Access Notice

Haryana Government, Launches GST Kosh Portal,

Haryana Government launches GST KOSH Haryana portal for the Taxpayers and Professionals

Government of Haryana Excise and Taxation Department

Press Release

 

Haryana Launches GST Kosh

8ᵗʰ February 2021

The Excise and Taxation Department, Government of Haryana under the leadership of Deputy Chief Minister, Sh. Dushyant Chautala launched the “The Haryana GST Kosh” an E-repository of updated GST Acts and rules.

The Portal Can be accessed from this link https://haryanatax.gov.in/GSTKosh

The portal was launched after receiving extensive feedback from taxpayers, tax professionals and Centre and State tax officers wherein it was observed that there was no common platform for updated GST Acts and rules. The salient features of the portal are as follows: -

It is the only portal in the country that provides for updated SGST Acts and rules.

All Acts and rules have been updated upto 21 September 2021 and shall be updated every quarter by the Department

It is the only portal that provides for mapping of Rules and Forms to various sections of the Act

In future, the portal will provide for circulars. orders and instructions also which will also be mapped to the relevant sections of the Act

The E&T Department thanks RSM Astute Consulting Private Limited and Grant Thorton Bharat LLP for their contribution as knowledge partners

DGFT, Harmonized system, mmtaxclub

Central Government hereby notifies Indian Trade Classification (Harmonised System) 2022 [ITC(HS)2022] in sync with the Finance Act, 2021

Notification No. 54 /2015-2020

New Delhi, Dated:  9'ʰ February, 2022

Notification of ITC (HS), 2022- Schedule-1 (Import Policy)

In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (as amended from time to time) read with paragraph 1 02 and 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government hereby notifies ‘Indian Trade Classification (Harmonised System) 2022 [ITC(HS)2022]’ in sync with the Finance Act, 2021 dated 28"’ March, 2021 and Corrigenda dated 29.12.2021.

The modifications/amendments in the Chapter-wise Policy Conditions is at Annexure-I.

The List of ITC(HS) codes introduced/deleted/amended/split/merged as per the Finance Act, 2021 is at Annexure-II.

The modifications/amendments in  the  Section  Notes,  Chapter-wise  Maln  Notes, Supplementary Notes, Chapter heading, sub-headings and description of ITC(HS) codes as per the 1'inance Act, 2021 is at Annexure-III.

"the updated ITC(HS) 2022 along with Annexure-I, II & III shall be available on the website of UGC T (https://dgft.Nov.in).

Effect of this Notification: ITC(HS) 2022 Schedule-1 (Import Policy) is notified in sync with the Finance Act, 2021. Import policy of drones in CBU/CKD/SKD form under HS Code 8806 1S ‘Prohibited’ with exceptions provided for R&D, Defence and Security purposes. Import of drone components shall be Free’. This shall come into force with immediate effect.

All the annexures along with notification  can be accessed from this link https://content.dgft.gov.in/Website/dgftprod/7d5fd1eb-ad39-4c99-b760-014223657469/Eng-Notification%2054%20dated%209%20Feb%202022%20ITC(HS)%202022%20_with%20Annexures.pdf