Since July 2010, Karnataka, India announced a ban on the port of export of iron ore began in the state to crack down on illegal mining activities has been going on for nearly two years. Appointed by the Supreme Court of India, the central authority responsible for investigating illegal mining activities Commission (CEC) recently released a report, Karnataka illegal iron ore mining in India caused a huge loss of tax revenue.
 
However, with in-depth and ongoing ban on the production of combat activities, the Indian steel industry and iron ore industry are subject to a serious impact on steel production is not sufficient raw materials to import, while the mining companies can not produce a profit decline, they are called on the Government to take measures to restore and promote Karnataka's iron ore production. According to Indian media reports, the CEC on August 8th to the Supreme Court of India submitted a final action report, which will be issued after its review of the relevant command. The report also said that by the CEC and approval of some of the mining area to resume operations, the Supreme Court of India also tend to approve the resumption of production, and may be in the August 17 decision-making.
 
10-year loss of approximately $ 9,000,000,000 CEC has said in the past 10 years, the illegal iron ore mining activities in the government of the southern Indian state of Karnataka (Karnataka) caused about 500 billion rupees ($ 9,000,000,000) loss of income. Said in a report submitted to the Supreme Court of India, government revenue loss estimate is based on the electronic auction of the recent iron ore price for the benchmark.
 
As of August 10, the number of instructions of the Supreme Court of India iron ore electronic auction was 26.58 million tons, with sales of $ 1.16 billion (about 43.6 U.S. dollars per ton) thus obtained by the Government taxes and fees totaling $ 271 million. About 7.35 million tons of iron ore still to be auctioned, but most are low-grade products.
According to the CEC, Karnataka the illegal exploitation of mines mining companies declared their annual production of 50 million tons of iron ore, but in fact there are about 40 million tons is not published or appear in the accounts of these companies.
 
CEC said that if the annual extraction of nearly 90 million tons, that their income will reach 180 billion rupees; Based on this, the government's income tax for at least 60 billion rupees, royalty, VAT and the central government sales tax totaling about 15 billion rupees. CEC said that the basis of government revenue is estimated at 75 billion rupees, but these taxes and fees of only 50 billion rupees (10 years) the cumulative government revenue losses of up to 500 billion rupees.




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