Revenue remittance – logging activities

The Government of Haryana and Forest Department has earmarked some of the Forest Department areas to the Company for the purpose of felling of trees as per approved working plans upto 30.06.2018 and after 01.07.2018 the Company is doing felling of trees as per approved working plan of all areas of the Forest Department. The Company pays price of such trees to the Forest Department as Revenue remittance – logging activities. The Company also pays purchase price of trees of different species to the farmers, institutions and individuals as determined by the Standing Committee comprised by the Board of Directors. In case of dead and dry trees, the Company pays 65% of the actual purchase price of trees as determined by the Forest Department. The Revenue remittance – logging activities paid to the Forest Department since 2000-01 to 2020-21 is given below in the table. The Company has booked Rs. 2389 lakh to the Forest Department as Revenue remittance – logging activities during the year 2020-21.