Sunday 23 February 2014

Coal, Coke, Petroleum Products Eligible For Green Cess

Coal, coke and petroleum products which are transported from Goa have now come under the ambit of green cess, after the state government notified the Goa Cess on Products and Substances Causing Pollution (Green Cess) Act, 2013 (Goa Act 15 of 2013). The state government is expected to collect around 200 crore from green cess.



The commercial tax department will collect 0.5% green cess on products, including petrol, diesel, asphalts, bitumen and lubricants, and 2% on coal, coke and similar substances.



Government sources said that maximum revenue will be collected on coal and coke. Goa handled around 12 million tonnes of coal and coke which were transported to Karnataka.



Sources argued that the products which have now been brought under green cess, were earlier not beneficial to Goa, as the state was a transit point for the products and they only caused pollution here.



Levinson Martins, member secretary of the department of science, technology and environment, in a notification said that the products which will be eligible for green cess are also aviation spirit, aviation turbine fuel, high speed diesel oil (HSD), light diesel oil (LDO), motor spirit which is commonly known as petrol, including ethanol blended, petrol, furnace oil, low sulphur heavy stock, grease, furnace oil from bond sold to foreign going vessels, high speed diesel from bond sold to foreign going vessels, paraffin wax of all grades and standards other than food grade standard including standard wax and match wax, slack wax, solvent oil other than organic solvent oil and any petroleum products other than the above.


Source:- timesofindia.indiatimes.com





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