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Mining royalty case in SC: Centre says PSUs' burden would top Rs 70,000 cr if ruling made effective retrospectively

By Economic Times - 2 months ago
The Central government opposed states' plea in the Supreme Court for a refund of royalty levied on mines since 1989, arguing it would burden public units by over Rs 70,000 crore. The Supreme Court's recent ruling stated royalty is not a tax, and states sought retrospective application, which the Centre opposed.

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