New Delhi: The Karnataka high court (HC) will continue hearings this week on a case challenging the state-imposed ban on iron ore exports since end-July, a senior lawyer said on Tuesday.
Advocate general Ashok Haranahalli, who has been representing the state government, said hearings are scheduled for Wednesday and Thursday, but no date has been set for the verdict.
Several traders said the government may soften stance and lift the ban as many miners depend on iron ore exports. Besides, the Centre and the state governments would not like to forgo revenue from iron ore export tax and mining levies, they added.
“Our contention in the writ petition is that the existing iron ore stock in Karnataka is sufficient only for 25-30 years and its exports is not permitted to encourage domestic industries create employment and that is in the national interest,” Haranahalli said.
Last month, around 15 traders and miners of iron ore in the state challenged the ban and since then the high court has held several hearings.