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Goa eyes Rs 240 crore through renewal of mining leases

PTI Panaji | Updated on March 12, 2018 Published on March 04, 2013

The Goa Government plans to collect a total revenue of Rs 240 crore in the form of stamp duty by renewing mining leases in the State, of which Rs 116 crore has been mopped up last week, a senior official said.

In the first lot of renewals of nine mining leases belonging to seven companies, the State Government has collected Rs 116 crore.

Of the total nine mining leases, seven paid the amount, while two companies asked for some extra time. But the Mines and Geology Department issued fresh notices to seven more mining leases owned by five different mines, asking them to pay the stamp duty, which collectively amounts to Rs 123 crore.

Assistant Director of the Mines Department Parag Nagarcekar said that the companies have to pay the stamp duty by March 7.

Published on March 04, 2013
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