Odisha Govt, IOCL talks in New Delhi remain inconclusive over VAT dispute

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New Delhi: Odisha Govt, IOCL talks in New Delhi remain inconclusive over VAT dispute. Working Group meet in New Delhi inconclusive, next meeting likely in May first week. This was informed by the Chief Secretary Aditya Prasad Padhi.

“We discussed with IOCL officials on the State’s decision to stop providing fiscal incentive to the IOCL Refinery project at Paradip in view of its expansion to 15-million tonne per annum capacity over agreement. A conclusive decision couldn’t be reached. The issue will be discussed again at a meeting to be held in the coming month,” Chief Secretary AP Padhi told reporters after attending the meeting presided over by Petroleum and Natural Gas Secretary Kapil Dev Tripathy.

Padhi, Development Commissioner R Balakrishnan, Finance Principal Secretary Tuhin Kanta Pandey and Special Secretary Ashok Kumar Meena attended the meeting on behalf of the State Government.

It should be noted that deadlock continues between the State Government and the IOCL over award of fiscal incentives through waiver of VAT to the Paradi Refinery after the project was expanded to 15 million tonne over conditions of the MoU.

 

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