Has anyone done some research this month on NMDC... not to impressive,just read this article.
BANGALORE: The public sector National Mineral Development Corporation (NMDC) is suspected to be in the muddle of evasion of customs duty in the export of iron ore by under-invoicing the shipment during 2006-10 to the tune of over Rs 2,200 crore.
The report has separately recorded the cases of under-invoicing of iron ore export in chapter four. According to it, as many as 478 suspected cases were unearthed during the investigation for the period between 2006-10. The total amount of under -invoiced export of iron ore was computed to over Rs 2222,26,09375 calculated at Rs 40 per USD.
Has anyone done some research this month on NMDC... not to...
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