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Suspension of operations will hit economy, claims SWPL

Panjim: JSW owned South West Port Ltd (SWPL) has claimed that suspension of its coal handling facilities will result in a loss to government exchequers as the company has paid Rs 6210 crore to the Central and State governments in the form of various taxes and duties during the last financial year of 2016-17.SWPL, in its submission before Goa State Pollution Control Board (GSPCB) further claimed that the suspension will affect steel industries in Bellary district in Karnataka and result in unemployment for over hundreds of persons directly or indirectly dependent on the facility. GSPCB, at its meeting on January 8, revoked the Consent to Operate granted to SWPL, thereby suspending its coal handling facility at Berth numbers 5A and 6A of Mormugao Port Trust (MPT) with immediate effect for being involved in handling excess coal in 2016-17 in gross violation of the consent conditions.
“South West Port Limited in the last financial year has paid Rs 19.98 crore to the Income tax Department, Rs 3002 crore to the Central Government as Customs Duty and Rs 3189 crore to local public authorities. Stoppage of the coal handling facility will result in loss to government exchequer,” the company said, in its submission during the Board meeting.
The company further said that coke is transported to Bellary for the steel industries. “Stoppage of unit would adversely affect the steel industry and locals. It will also result into severe loss to railways and MPT,” it stated.The unit said that the closure or suspension is not in larger public interest as it will result in unemployment. It said that the unit provides direct employment to hundred people and indirect employment to more than 350 people. [H]

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