Notification No. 102/2020 concerning the classification of hardwood that will be collected taxes for the Union Budget and Region/ State Budget
The Ministry of Natural resources and Environmental Conservation announced the Notification No. 102/2020 on 30th September 2020, concerning the classification of hardwood that will be collected taxes for the Union Budget and Region/State Budgets.
The taxes that will be collected on Teak and hardwood included in Group (1), which are Thitya, Ingyin, Pyinkado, Padauk, Thingannet, Tamalan in regions/states, shall be transferred to the Union Budget.
The taxes collected on the rest of the hardwoods shall be transferred to State/ region Budget starting from 1 November 2020.
This Notification No. 102/2020 prevails over the Notification No. 17/2013 issued by the Ministry of Forestry on 14 March 2013.
|Issuing Agency||Ministry of Natural Resources and Environmental Conservation|
|Responsible Agency||Forest Department|
|Updated At||2020-11-09 06:44:34|