Export Duty On Iron Ore Fines Imposed

Export Policy for Iron Ore | Ministry of Steel | GoI

Export of iron ore of Goa origin to China, Europe, Japan, South Korea and Taiwan (irrespective of Fe content) and export of iron ore from Redi region to all markets (irrespective of Fe content) is also freely allowed The export of iron ore with Fe content above 64% is canalized through MMTC

Govt imposes export duty of 5% on iron ore pellets - Livemint

At present, though iron ore fines and lumps are subject to an export duty of 30%, iron ore pellets are exempt Steel companies have been demanding imposition of export duty on iron ore pellets in

Export duty on iron ore fines, lumps raised - BUSINESS

The government has raised export duty on iron ore lumps to 10 per cent from 5 per cent and on iron ore fines to 5 per cent from nil, said a finance ministry notification

Export duty on iron ore fines, lumps raised - BUSINESS

The government has raised export duty on iron ore lumps to 10 per cent from 5 per cent and on iron ore fines to 5 per cent from nil, said a finance ministry notification

Export Duty: Latest News, Photos, Videos on Export Duty

Jul 12, 2017 · Mines Ministry Proposes Cutting Iron Ore Export Duty Business | Thomson Reuters | Friday February 19, 2016 Prices are so low now that exports are not viable, a top official said

Iron ore: Abolish export duty on low-grade iron ore

"Therefore, we suggested the government that export duty on iron ore exported from these ports may be removed for ore up to 62 per cent Fe content as against up to 58 per cent Fe at present," Sharma said Iron is a chemical element with symbol Fe and atomic number 26 At present, there is an export duty of 30 per cent on low-grade iron ore Iron ore is a key ingredient in steel making

Export duty on iron ore lumps, fines hiked to 30% - The

The Finance Ministry on Monday hiked the export duty on iron ore lumps and fines to 30 per cent, effective December 30, 2011 In the 2011-12 Budget, the Government had increased the export duty on

Iron ore export duties: Regressive and counterproductive

There was a time when the rates of export duty for iron ore fines were 5% and lumps 15% The difference in price per Fe unit of iron ore is roughly $4 per tonne in the international market

India imposes 5 percent export duty on iron ore pellets

Jan 28, 2014 · India's iron ore exports to China, most of them in the form of fines, dropped 65 percent to 117 million tonnes last year, Chinese customs data showed

India imposes 5 percent export duty on iron ore pellets

NEW DELHI/SINGAPORE (Reuters) - India imposed a 5 percent duty on exports of iron ore pellets, taking yet another step in conserving the raw material for domestic steelmakers that has slashed its shipments to top market China

Export duty on high-grade iron ore to remain unchanged

The Union Ministry of Mines has ruled out the possibility of any cut in export duty on high-grade iron ore lumps, dashing hopes of exporters “At present, the duty is 30 per cent Although we intend to reduce it, there is a strong protest from steel and pellet makers and also from the sponge iron industry

Timeline: Two years of India's iron ore export tax changes

- November - Imposed a duty of 8 percent on iron ore fines to cushion the impact of the flat rate earlier - October - It set a flat rate of 200 rupees ($4) per tonne on fines to separate them

India: Removal of export duty on iron ore pellets

Initially, the Indian government had re-imposed export duties on iron ore products on 24 December 2009 For iron ore fines, the tariff hasbeen raised from zero to 5 percent For iron ore other than fines, theimport tariff was raised from 5 percent to 10 percent

Iron ore stockpiles swell on imposition of export duty

Stockpiles of iron ore in the country have swollen due to the imposition of 30 per cent export duty, according to the Federation of Indian Mineral Industries (FIMI)

Iron Ore Export: Latest News, Photos, Videos on Iron Ore

Feb 19, 2016 · Mines Ministry Proposes Cutting Iron Ore Export Duty Business | Thomson Reuters | Friday February 19, 2016 Prices are so low now that exports are not viable, a top official said

Hike export duty on iron ore to 10 pc: Steel Minister to

The government had imposed an ad-valorem duty of 15 per cent on all grades of iron ore,but subsequently the duty on export of ore fines was amended to Rs 200 per tonne from October 2008 This was modified to 8 per cent ad valorem a month later

Withdraw export duty on iron ore pellets: Mines Minister

The Mines Ministry was not consulted by the Finance Ministry when the duty was imposed on January 27 on the basis that in the form of pellets, iron ore was being exported without paying duties Export of raw iron ore or fines and lumps already attract an export duty of 30 per cent

Impose 20% export duty on iron ore: Assocham

The Assocham has made a strong recommendation of imposing 20% duty on exports of iron ore fines as against current rate of 5%, according to a statement released by the Chamber This will not only curb illegal mining but also add extra revenue of Rs15,000 crore to the government exchequer, it said

Iran moves to impose steep export duty on iron ore | Reuters

May 21, 2013 · “The heavy duty would have a much bigger impact on Iran’s own export business, while China should not be affected too much,” a second iron ore trader in Shanghai said

UPDATE 1-India imposes 5 pct export duty on iron ore

* India already has 30 pct tariff on exports of iron ore fines, lumps (Recasts, adds ministry statement, trader’s comment) NEW DELHI/SINGAPORE, Jan 28 (Reuters) - India imposed a 5 percent duty

Finmin refuses to withdraw export duty on iron ore

The industry believes that iron ore exports are declining as a result of the export duty According to estimates, if exports slump by 30%, miners would suffer a loss of Rs 4,554 crore

India - Trade Barriers | exportgov

To improve availability of iron ore for the local steel producers, the GOI in March 2016 enhanced and unified the rate of export duty for all types of iron ore (other than pellets) at 20 percent; earlier a 15 percent export tax was applicable on lumps and 5 percent on fines

FIMI seeks 30% duty on iron ore imports - The Hindu

The Federation of Indian Mineral Industries (FIMI) has urged the government to impose 30 per cent import duty on iron ore and iron ore pellets to protect the domestic miners

India imposes 5 percent export duty on iron ore pellets

Jan 28, 2014 · NEW DELHI/SINGAPORE (Reuters) - India imposed a 5 percent duty on exports of iron ore pellets, taking yet another step in conserving the raw material for domestic steelmakers that has slashed its

Iran imposing export tax on iron ore facing strong opposition

Criticizing the policy of imposing export duty on iron ore, Farzaneh Ma’soumi, the vice chairman of Iranian Producers and Exporters of Mineral Products Association, laments that the repercussion of this policy will not come just to the iron ore mines, it will affect other mines as well

Finmin refuses to withdraw export duty on iron ore

The industry believes that iron ore exports are declining as a result of the export duty According to estimates, if exports slump by 30%, miners would suffer a loss of Rs 4,554 crore

Export Policy for Iron Ore | Iron Ore | Exports

Japan export of iron ore of above 64% Fe content is also allowed against licenses issued by DGFT DGFT) EXPORT POLICY FOR IRON ORE Exports of iron ore up to 64% Fe content is freely allowed The export of iron ore with Fe content above 64% is canalized through MMTC

Odisha miners seek cut in iron ore export duty - Steel News

In FY10 the ministry of finance had imposed five per cent duty on the export of iron ore fines This was raised to 20% in FY11 and 30% in FY12 Between February 2010 and March 2012 the railways

STEEL - ibeforg

20 per cent safeguard duty on steel imports An export duty of 30 per cent has been levied on iron ore* (lumps and fines) to ensure supply to domestic industry ADVANTAGE INDIA Indian Government imposed Anti-Dumping Duty on 47 steel products

Mines minister Patel asks Chidambaram to withdraw export

Export of raw iron ore or fines and lumps already attract an export duty of 30% Pellets are basically the value-added products of leftover material or low grade iron ore and are used in steel-making

Steel ministry to FinMin: Retain 30% export duty on iron

“Accordingly, it is recommended that the export at 30 per cent in case of iron ore (both lumps and fines) and 5 per cent in case of ore pellets may be continued whereas the existing import duty of 25 per cent for iron ore and pellet imports may be brought down to zero,” the ministry said in its recommendations

Center may trim export duty on iron ore - newssteel-360

India is likely to cut the iron ore export duty to 20% from 30%, which was imposed earlier, to encourage more shipments of material into the country and also to narrow the current account deficit (CAD) prevalent in the country

India's Iron Ore Problem: Plentiful Supply Held Back by

The protectionist measures imposed by India’s government previously included an export duty tax of 30% on high-grade iron ore Many within the mining sector are of the opinion that the export

India's Iron Ore Problem: Plentiful Supply Held Back By

The protectionist measures imposed by India's government previously included an export duty tax of 30% on high-grade iron ore Many within the mining sector are of the opinion that the export tax

Iron-ore export duty takes centre stage ahead of Budget

Iron-ore export duty takes centre stage ahead of Budget You are here: Home / Blog / Commodities / Ores / Iron Ore / Iron-ore export duty takes centre stage ahead of Budget Iron-ore export duty takes centre stage ahead of India’s national Budget

What is the impact of GST on commodity exporters from India?

SEZs and Deemed Exports At present, supplies of commodities made by the domestic units to Special Economic Zones (SEZs) are considered exports and hence these are free from payment of duties and taxes But GST law would impose restrictions on procurement of …

Intervention 15323: India: Removal of export duty on iron

Initially, the Indian government had re-imposed export duties on iron ore products on 24 December 2009 For iron ore fines, the tariff hasbeen raised from zero to 5 percent For iron ore other than fines, theimport tariff was raised from 5 percent to 10 percent

Iran to impose iron ore export duty from March: report | S

The export duty on pellets is currently 15% This is the third time the government has attempted to impose a duty on iron ore exports: previous attempts were unsuccessful due to relatively low iron ore market prices at the time, according to market sources

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