SIGN IN SUBSCRIBE

News Update

NDPS - Seizure of 20kg ganja - Ordinarily, no taxi driver, before allowing to board, asks for passenger details - No incriminating material seized from person - Contraband not hidden - Passengers fled from spot - No material to link taxi driver with contraband: SCGST - COVID-19 - Period between 15.03.2020 to 28.02.2022 stood excluded for limitation as per SC order - Issuance of notifications 13/2022-CT, 9/2023-CT, 56/2023-CT may be an exercise in abundant caution - Petitioners may avail statutory remedy of appeal: HCGST - 'Ratification' done after issuance of Notification No.56/2023-CT will not provide life to it - 'Ratification' cannot be a substitute of 'recommendation': HCGST - Solar Power Generating System would not answer the description of immoveable property - Supply of the Solar generating Power Station is a 'composite supply' and it would not amount to a 'works contract': HCGST - Survey in business premises - If excess stock is found, proceedings u/s 73 or 74 of the Act will come into play rather than u/s 130 of the Act r/w Rule 122 of the Rules, 2017: HCST - Once tax is not payable in law, there was no authority for the department to retain such an amount, therefore, s.11B provisions would not stand attracted: HCHow To ServeImpeached South Korean President Yoon finally arrestedI-T- Re-assessment order valid where assessee fails to explain nature & source of certain income disclosed in course of Search operations: HCUS SEC sues Musk over delays in disclosure of Twitter purchaseI-T - Entire purchases can't be disallowed if AO never doubted production & sales, merely because ITC availed on purchases made by assessee was not admissible and assessee had paid tax under VAT Act: HCBiden’s farewell shot: No import of Chinese vehiclesI-T - If AO had not made specific allegation that assessee had paid money through banking channel and received back cash against those payments, then matter shall be remanded to AO to consider afresh: HCUS House okays Bill banning transgender athletes from women’s sportsI-T - No tax can be levied on advance amount received by assessee for agreed sale proceeds, if no sale of land was actually executed during year under consideration: ITATMeta to lay off 5% of poor performersI-T - 'Shastras & scriputres' define only way of life of civilized society and they are definitely not religion specific for benefit of public at large, and hence no reason to deny exemption u/s 80G(5) to trust: ITATGaza ceasefire deal likely to be lockedI-T- When new flat is obtained on transfer of old flat, assessee's claim for deduction u/s 54 of the Act is justified: ITATGovt appoints Justice D K Upadhyaya as CJ of Delhi HC & Justice Alok Araddhe as CJ of Bombay HCCoal imports drop by 3.1% during April-October, 2024VAT - Assessment order passed on estimate basis is upheld where assessee does not maintain accurate records or books of accounts: HCPoK is nothing more than foreign territory to Pakistan: RMCus - Delays be dealt with liberally, especially when there is no deliberate attempt to delay filing of refund claims; rejecting refund claims on technical grounds of limitation, is not tenable: CESTATPM launches 'Mission Mausam', releases IMD Vision-2047 documentCX - Assessment order passed without granting personal hearing; assessee's difficulties in participating in adjudication due to COVID pandemic overlooked - case remanded: CESTATMNRE issues Guidelines for implementation of PM-Surya GharCX - Rejection of assessee's refund claims without issuing a Show cause notice or giving valid reasons for rejecting claims, contravenes principles of natural justice: CESTAT
 
Coal imports drop by 3.1% during April-October, 2024

By TIOL News Service

NEW DELHI, JAN 15, 2025: INDIA's coal sector plays a critical role in supporting its rapidly growing economy. However, the country faces a significant gap in meeting its coal demand from domestic reserves, particularly for coking coal and high-grade thermal coal, which are not adequately available. As a result, coal imports are essential to support critical industries such as steel production.

The government's initiatives to reduce coal imports have shown positive results in the first seven months of FY 2024-25 (April-October). Coal imports decreased by 3.1%, totaling 149.39 million tonnes (MT) compared to 154.17 MT during the same period in the previous year. The Non-Regulated Sector (excluding power sector) saw a more substantial decline, with imports dropping by 8.8% year-on-year.

Despite growth of 3.87% in coal-based power generation from April 2024 to October 2024 compared to the same period last year, coal imports for blending by thermal power plants saw a sharp decrease of 19.5%. This decline is a testament to India's determined efforts to achieve greater self-sufficiency in coal production and reduce dependence on imports. The increase in coal imports for the power sector, particularly from imported coal-based power plants (designed to use only imported coal), was notable, rising by 38.4% to 30.04 MT, up from 21.71 MT in the previous year.

On the production side, coal output saw a positive growth of 6.04%, rising to 537.57 MT in the April-October 2024 period, up from 506.93 MT in the same period of FY 2023-24. This growth highlights the government's concerted efforts to enhance coal production and optimize its usage within the country.

The Ministry of Coal continues to implement a range of strategic measures to boost domestic production and ensure a stable coal supply. These efforts aim not only to reduce India's dependence on coal imports but also to fortify the country's energy security. By focusing on increasing domestic output, the government is working towards a more self-sufficient and sustainable energy landscape for India.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Technical Session I - Ease of Doing Business: GST on Digital Economy

TII LATEST

TIOLCORPLAWS LATEST