Politics

Scam in iron ore exports, tax evasion of 12 thousand crores by big industrialists: Congress

  • India Vahini News / A S DSilva

October 08, 2020

The Congress party has said that the Narendra Modi government, after assuming power, changed the rules and allowed a few selected companies to export iron ore. The party has demanded the government to make the names of these companies public and take strict action on them.

Pawan Kheda said that the central government is trying to destroy the country's premier institutions to benefit a few close ones. He said that till now iron ore was exported only through MMTC. But the current government changed the rules as soon as it took power and allowed the KIOCL company to export iron ore to many countries. These countries also include China.

Kheda said the duty was wrongly waived for wrongfully selling 30 per cent duty on iron ore through shrapnel. Concentration of iron ore concentrate was also relaxed. They allege that in this way iron ore worth about 40 thousand crores has been exported to many countries. He said that many such companies also sent important iron ore abroad without permission and duty of 12 thousand crores was also stolen in them.

According to the rules, a fine of about Rs 2 lakh crore should be levied on it. He said that the Central Government should make public the names of companies which have exported high quality iron ore abroad in the last six years. The Congress demanded the government to take action against these companies and its permitting officers.

    Share Link

image description

A.S.D' Silva

Founder & Chief Editor

India Vahini, was started by A.S.D’silva a well known Educationist and a Good imaged person who has wide knowledge and intelligence in all matters. The news published are true facts and opinion offered are not partial . India Vahini commenced its publication from Bengaluru in 2013 and is one of the popular news channel in Karnataka. News is collected from entire India, verified then counterchecked and published. The news and views are without any bias or prejudice of any kind and independent in real sense.