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Bangalore, Feb 26: Kudremukh Iron Ore Company Ltd (KIOCL), which may face the closure of its mining activities due to the non-extension of licence by the Karnataka government, has sought additional sales tax (ST) exemptions on its revenue from new projects coming up near Mangalore.
The company has approached the state commerce and industries department for obtaining ST exemptions on its domestic sales (from its new projects) as per the 1996 state industrial policy. It is already eligible for ST exemptions on its exports.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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