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export duty on iron ore fines imposed

Sponge iron makers ask govt to impose 30% export duty on

Jul 16, 2020· Sponge iron makers have urged the government to impose a 30% export duty on pellets, an improvised version of iron ore, which attracts zero duty currently. Both iron ore fines

Iran moves to impose steep export duty on iron ore Iran

Reuters: Iran’s government is negotiating a tax of up to 40 percent on iron ore exports to take advantage of a surge in sales to China, aiming to replace revenue from oil and other sources eroded by sanctions. By Ruby Lian and Silvia Antonioli SHANGHAI/LONDON, May 21 (Reuters) – Iran’s government is negotiating a tax []

Export Policy for Iron Ore | Ministry of Steel | GoI

KIOCL is the canalizing agency for its own products (iron ore concentrates and iron ore pellets) since it is a 100% E.O.U (export oriented unit). High-grade iron ore (Fe content above 64%) from Bailadila in Chhattisgarh is allowed to be exported with restrictions on quantity imposed primarily, with a view to meet domestic demand on priority.

Here's how India's engineering exports are in a steel trap

Aug 21, 2020· We export our iron ore, curb Chinese steel import. steel pellets by Rs 300-350 per tonne and iron ore fines and lumps by Rs 200-250 per tonne. But the government had imposed

export duty on iron ore fines imposed betramos.be

export duty on iron ore fines imposed; Feb 29 2016 · There is a 30 export duty on iron ore fines with Fe content of 58 and above and 10 for below this content. For iron ore lumps the duty is a flat 30 . Current price for iron ore is around USD 39-40 a tonne excluding royalty cesses and transport costs. By reducing the export duty to 10

Iron ore surplus rises sharply in Karnataka on falling

Jun 27, 2020· Budget 2020: Merchant miners seek 30% export duty waiver on iron ore Supply of iron ore has surged to excessive levels in Karnataka, which has been under severe restrictions since eight years. Exports, even to other states, are still prohibited,

FIMI seeks scrapping iron ore export duty from Budget 2020

Jan 09, 2020· The Federation of Indian Mineral Industries (FIMI) wants the Centre to scrap the 30 per cent export tax on iron ore and 15 per cent export tax on bauxite in the coming budget 2020-2021.According to th

Iron ore export duties: Regressive and counterproductive

Jul 22, 2014· 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

Hit by rising iron ore pellet exports to China, secondary

Aug 14, 2020· There is a 30 per cent export duty on iron ore but nothing is levied for shipment of pellets. “They are converting iron ore fines to pellets and delivering it to China,” the official said.

Government removes export duty on iron ore pellets The

Jan 05, 2016· The 5 per cent export duty on iron ore pellets was imposed in 2014. "The Central Government being satisfied that it is necessary in public interest so to do, hereby makes following further amendments in the notification of the Government of India in Ministry of Finance (Department of Revenue) No. 27/2011- Customs, dated the 1st March, 2011

Sponge iron makers ask govt to impose 30% export duty on

Sponge iron makers have urged the government to impose a 30% export duty on pellets, an improvised version of iron ore, which attracts zero duty currently. Both iron ore fines and lumps having 58%

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

Mar 12, 2018· 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

Hit by rising iron ore pellet exports to China, secondary

Aug 14, 2020· There is a 30 per cent export duty on iron ore but nothing is levied for shipment of pellets. "They are converting iron ore fines to pellets and delivering it to China," the official said.

Hit by rising iron ore pellet exports to China secondary

Aug 14, 2020· 30 per cent export duty on iron ore pellets, he said. "Exporters are taking advantage of the drawback in the government's regulation. There is a 30 per cent export duty on iron ore but nothing is levied for shipment of pellets. "They are converting iron ore fines to

Government removes export duty on iron ore pellets The

Jan 05, 2016· The 5 per cent export duty on iron ore pellets was imposed in 2014. "The Central Government being satisfied that it is necessary in public interest so to do, hereby makes following further amendments in the notification of the Government of India in Ministry of Finance (Department of Revenue) No. 27/2011- Customs, dated the 1st March, 2011

Pellet manufacturers object to iron ore miners demand for

Jun 14, 2019· BHUBANESHWAR: India’s domestic steel lobby has objected to iron ore miners seeking a removal of export duty on 58-62 Fe grade ore and sought instead an increase in the duty. Pellet Manufactures Association of India (PMAI) in a letter to the prime minister’s office (PMO) on June 12 asked for export duty to be increased from current 30 per cent to 50 per cent.

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

Apr 30, 2015· Shares of six steel products maker rose by 0.23% to 5.33% after the government increased the export duty on iron ore lumps to 10% from 5% and imposed a 5% export tax on iron ore fines.

Iran moves to impose steep export duty on iron ore Reuters

May 21, 2013· “A few iron ore cargoes were earlier banned from leaving the port as the government is looking to impose a 40 percent export duty based on free-on

Govt imposes export duty of 5% on iron ore pellets

At present, though iron ore fines and lumps are subject to an export duty of 30%, iron ore pellets are exempt. Photo: Abhijit Bhatlekar/Mint Govt imposes export duty of 5% on iron ore pellets 1

FIMI wants Karnataka to submit factual position on iron

Aug 19, 2020· On the other hand, where ore is imported by consumers in Karnataka, the state earns only 2.5% import duty, the Federation contended. In 2018-19, approximately 6.67 million tonnes of iron ore was imported into the state, as a substitute for locally produced iron ore, thereby leaving the unsold stock in mines and causing loss of revenue to Karnataka.

iron ore fines: Latest News & Videos, Photos about iron

Aug 16, 2019· Royalties included in mining law to limit growth potential of iron ore industry: Fitch Solutions 13 Feb, 2020, 01.06 PM IST "As part of India's 2016 Union Budget, export duties for iron ore lumps and fines below 58 per cent Fe content were reduced to

Makers of sponge iron seek 30% duty on pellet exports

May 22, 2020· Iron ore fines are discouraged from being exported and there should be a similar policy for iron ore pellets, the association said. “With 30% export duty on iron ore fines, large steel players are likely to get it at a reasonable rate.

Export duty on high-grade iron ore to remain unchanged

May 13, 2016· The 2016-17 Budget removed export duty on iron ore lumps and fines with iron content of less than 30 per cent. While the move is expected to incentivise exports from Goa, it has failed to cheer exporters in Odisha. In iron ore rich states like Odisha and Jharkhand, the inventory has been building up. As on end-March, iron ore stock (of lumps

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

Jan 13, 2017· 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

Karnataka to incur Rs 29K crore loss due to iron ore

Karnataka had imposed a ban on the export of iron ore in 2010 and that was subsequently upheld by the Supreme Court. the total exports in the year 2019 from other parts of India shows export

Hit by rising iron ore pellet exports to China secondary

Aug 14, 2020· 30 per cent export duty on iron ore pellets, he said. "Exporters are taking advantage of the drawback in the government's regulation. There is a 30 per cent export duty on iron ore but nothing is levied for shipment of pellets. "They are converting iron ore fines to

Hit by rising iron ore pellet exports to China, secondary

Aug 14, 2020· There is a 30 per cent export duty on iron ore but nothing is levied for shipment of pellets. "They are converting iron ore fines to pellets and delivering it to China," the official said.

Pellet manufacturers object to iron ore miners demand for

Jun 14, 2019· BHUBANESHWAR: India’s domestic steel lobby has objected to iron ore miners seeking a removal of export duty on 58-62 Fe grade ore and sought instead an increase in the duty. Pellet Manufactures Association of India (PMAI) in a letter to the prime minister’s office (PMO) on June 12 asked for export duty to be increased from current 30 per cent to 50 per cent.

Miners seek removal of export duty on iron ore, pellets

Fimi has also urged the government to increase the import duty on iron ore from 2.5 per cent to 30 per cent, so that steel makers use local unused iron ore fines. Instead of removing the duty on imported iron ore, the government should impose duty on import of finished steel, which would aid consumption of the material in the domestic market

India faces conflicting pressures on iron ore pellet

The Indian government has been caught between the conflicting demands of iron ore miners and steel producers regarding the recently imposed five percent export duty on iron ore pellets, a government official said on Wednesday, March 5. As SteelOrbis previously reported, India's Central Board of Excise and Customs under the Ministry of Finance issued a notification dated January 27, 2014

Iran to impose Iron Ore Export Duty | Iran Business News

By John Lee. Iran reportedly plans to impose a 10-percent export duty on non-concentrated iron ore from the beginning of the next Iranian year (March 21, 2018). Jafar Sargheini, a deputy at the Ministry of Mines and Industry, is quoted as saying that the duty will also be increased from 10 percent to 15 percent within a year, and the government aims to impose another unspecified export duty on

Govt notifies 8% export tax on iron ore fines

Home >politics >news >Govt notifies 8% export tax on iron ore fines. Govt notifies 8% export tax on iron ore fines 1 min read..

FIMI wants Karnataka to submit factual position on iron

Aug 19, 2020· On the other hand, where ore is imported by consumers in Karnataka, the state earns only 2.5% import duty, the Federation contended. In 2018-19, approximately 6.67 million tonnes of iron ore was imported into the state, as a substitute for locally produced iron ore, thereby leaving the unsold stock in mines and causing loss of revenue to Karnataka.

26011110 Iron ore lumps (60% fe or more) India Export

26011110 Iron ore lumps (60% fe or more) Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.

Iron ore is surging and you can thank it for your tax cut

Apr 04, 2019· Iron ore prices surged again on Wednesday. The price for 62% and 65% fines closed at the highest level since early 2017. 58% fines jumped to five-year highs.

Union Budget 2016: Export duty on iron ore cut to nil

Feb 29, 2016· Iron ore exports from the country are expected to gather steam as government has cut export duty on iron ore to nil. The export duty on Iron ore fines with Fe

Stemcor may cut India iron pellet output due to poor

India imposed a 5% 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.

26011130 Iron ore fines (62% fe or more) India Export

26011130 Iron ore fines (62% fe or more) Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.