Tax benefits rejected under new Indian mineral policy

September 20, 2017

Responsive image

As the Indian government begins work on a new version of the National Mineral Policy (NMP) 2008, the Finance Ministry has said that it will not be possible to incorporate any direct or indirect tax benefits in the new policy document. The Finance Ministry said this week that use of direct and indirect tax instruments as a policy measure to boost the mining sector would be counter-productive.

Category: General