Export Duty On Iron Ore Pellets
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Government Scraps 5% Export Duty on Iron Ore Pellets
The government has scrapped a 5 per cent duty on exports of iron ore pellets to make overseas shipments competitive amid a sharp fall in the world price of the steelmaking raw material, a government order showed on Tuesday.
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Mines Ministry Proposes Scrapping Export Tax on Iron Pellets
The Mines Ministry has written to the Finance Ministry to propose scrapping a 5 per cent export duty on iron ore pellets, Mines Secretary Balvinder Kumar told Reuters, adding that the government could also look at abolishing duty on low-grade iron ore.
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Stemcor may cut India iron pellet output due to poor demand, tax
India imposed a 5 per cent duty on exports of iron ore pellets late last month, taking another step in conserving the raw material for domestic steelmakers that has slashed its shipments to top market China.
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India imposes 5% export duty on iron ore pellets
India already levies a 30 per cent tax on exports of iron ore fines and lumps since December 2011. Along with mining and export curbs in key producing states Karnataka and Goa aimed at addressing illegal mining, the tariffs have helped cut India's iron ore exports by around 85 per cent, or 100 million tonnes, over the past two years.
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Government Scraps 5% Export Duty on Iron Ore Pellets
The government has scrapped a 5 per cent duty on exports of iron ore pellets to make overseas shipments competitive amid a sharp fall in the world price of the steelmaking raw material, a government order showed on Tuesday.
-
Mines Ministry Proposes Scrapping Export Tax on Iron Pellets
The Mines Ministry has written to the Finance Ministry to propose scrapping a 5 per cent export duty on iron ore pellets, Mines Secretary Balvinder Kumar told Reuters, adding that the government could also look at abolishing duty on low-grade iron ore.
-
Stemcor may cut India iron pellet output due to poor demand, tax
India imposed a 5 per cent duty on exports of iron ore pellets late last month, taking another step in conserving the raw material for domestic steelmakers that has slashed its shipments to top market China.
-
India imposes 5% export duty on iron ore pellets
India already levies a 30 per cent tax on exports of iron ore fines and lumps since December 2011. Along with mining and export curbs in key producing states Karnataka and Goa aimed at addressing illegal mining, the tariffs have helped cut India's iron ore exports by around 85 per cent, or 100 million tonnes, over the past two years.
