Lawstreet Journal

Supreme Court hearing a plea by miners who said the companies were dying & facing closure due to ban on export of iron ores

Lawstreet Journal 11 Apr 2022 11:41pm

Image courtesy: Lawstreet Journal Judiciary Supreme Court hearing a plea by miners who said the companies were dying & facing closure due to ban on export of iron ores

SupremeCourt hearing a plea by miners who said the applicant companies were dying & facing closure due to their stocks not getting sold or receiving genuine prices due to the ban on export in Karnataka while steel companies, on other hand, were importing iron ores.

Sr Ad Dushyant Dave- the buyer can import and domestic iron ore producers can sell through e-auction. Mr Bhushan’s role has come to an end now when the judgment was passed in 2013.

Dave- there is one aspect, my lease has come to an end. But milord has protected me saying it Would be subject to this order, so far as Mineral Enterprises is concerned.

This order should be modified, iron ore is byproduct. There is no need for an affidavit of Ministry of Steel etc. the Govt has already granted a export, we are in a need of foreign exchange, the ban should be lifted.

Sr Adv Abhishek Manu Singhvi- now 4 reports of CEC says this not should go on. CEC reports, the pallets should be allowed to be exported. It’s ironic that Govt has reduced the duty on pallet export from 5 to 0, and in these three states there is a complete ban.

CJI- we also want lifting of ban!!

CJI- Now suppose, if we allow to lift the ban, such a huge quantity will come in the market, what would be the situation? 
Dave- it will increase the export and most of the countries want to buy.

There is a court order which allow the export of Iron… Continue Reading...

Tagged: Supreme Court of India  
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