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SC rejects Vedanta’s appeal against the tax levied on iron ore sales

SC rejects Vedanta’s appeal against the tax levied on iron ore sales

Wednesday, March 22, 2017, 3:59 PM

The Supreme Court has rejected an appeal made by Vedanta Ltd., and industry body, Federation of Indian Mining Industry, related to a 10% tax imposed on iron ore sales, by the Karnataka Government. The appellants had asked in this petition that, as the central tax is already collected as per MMDR act 2015, lessees of category-A and category-B should be tax-free.
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