Odisha expects to get additional revenue of Rs 1000 crore from the proposed forest development tax (FDT). The FDT is set to be levied at the rate of 15 per cent on sale value of minerals raised on forest land.
"The finalization of FDT will need an inter-departmental consultative process involving the departments of forest & environment, steel & mines and law. The FDT Act has to be amended. There is a possibility of showing minerals raised from forest land as non-forest produce as 200 out of 600 mining leases have a mix of forest and non-forest land. A mechanism has to be worked out to check this”,