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export duty on iron ore fines imposed - tmracing.pl

2021-5-2  Budget 2016 Export duty on low-grade iron ore set to go . The government on Monday proposed to remove the export duty on low grade iron ore fines and lumps in a bid to make the domestic mining sector particularly in Goa competitive amid a fall in . Get Price; Iron ore Abolish export duty on low-grade iron ore

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Export Policy for Iron Ore Ministry of Steel GoI

2021-6-21  EXPORT POLICY FOR IRON ORE Exports of iron ore up to 64% Fe content is freely allowed. 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

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Govt imposes export duty of 5% on iron ore pellets

2014-1-28  New Delhi: The government on Monday imposed an export duty of 5% on iron ore pellets to curb exports and prevent a shortage in the domestic market.

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Export tax on iron ore fines and lumps: Latest News ...

2021-5-6  "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 nil from 30 per cent and 10 per cent respectively. This reduction was aimed at boosting shipments from the western state of Goa where the Supreme Court lifted an earlier iron ore mining ban," the rating agency said.

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Iron ore export duties: Regressive and

2014-7-22  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.

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Commerce ministry for rollback of export duty on iron

2014-2-10  The commerce ministry has asked the finance ministry to roll back the 5 per cent duty imposed on export of iron ore pellets, saying after making huge investments to increase their capacities, the pellet plants cannot be disincentivised as it could render their operations financially unviable.

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Finmin refuses to withdraw export duty on iron ore

2007-7-31  Finance minister P Chidambaram in his Budget proposal had initially imposed an export duty of Rs 300 per tonne but subsequently made a rollback to Rs 50 for iron ore with ferrous content less than ...

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

2015-4-30  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.

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Sponge iron makers ask govt to impose 30% export

2020-7-17  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

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China removes VAT rebate on steel exports, cuts tax

At the same time, China raised the export duty on high silicon steel, ferrochrome and foundry pig iron to 25%, 20% and 15% respectively, from 20%, 15% and 10%, effective May 1. Source: Platts

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Export Policy for Iron Ore Ministry of Steel GoI

2021-6-21  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.

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Govt imposes export duty of 5% on iron ore pellets

2014-1-28  Govt imposes export duty of 5% on iron ore pellets Premium At present, though iron ore fines and lumps are subject to an export duty of 30%, iron ore pellets are exempt. Photo: Abhijit Bhatlekar ...

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Export duty on low-grade iron ore to be removed

2016-2-29  "Export duty on iron ore fines with Fe content below 58 per cent has been proposed to be reduced from 10 per cent to nil while export duty on iron ore lumps with Fe content below 58 per cent will be brought down to nil from 30 per cent," Finance Minister Arun Jaitley said while unveiling the Budget 2016-17 in the Lok Sabha on Monday.

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Govt imposes ad-valorem duty on iron ore fines

2008-11-11  Read more about Govt imposes ad-valorem duty on iron ore fines on Business Standard. The government today replaced the specific duty on iron ore fines, imposed 10 days back, with an ad-valorem duty of 8 per cent, which is expected to benefit the low-grade iron ore producers.

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Finmin refuses to withdraw export duty on iron ore

2007-7-31  The finance ministry has turned down the mining ministrys demand to withdraw the export duty imposed on iron ore export. This comes after the Group of

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iron ore fines News and Updates from The Economic

2014-11-13  5% export duty on iron ore pellets; excise hiked on gutkha. 28 Jan, 2014, 03.34 AM IST. The government today imposed a five per cent export duty on iron pellets, a critical raw material for the steel industry, and raised excise duty on pan masala, gutkha and chewing tobacco.

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Sponge iron makers ask govt to impose 30% export

2020-7-17  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

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Government removes 5% export duty on iron ore

2016-1-5  The 5% 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 Ministry of

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Introduction: overview of the global iron ore industry ...

2015-1-1  Furthermore, a 30% export duty has been imposed on high-grade iron ore exports aimed at preserving India's high-grade iron ore reserves/resources for domestic use. This export duty, together with a royalty rate of 15%, mining bans, mine closures, and expiry of leases, has had a huge impact on India's iron ore production and exports over the ...

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Iran's 8-month iron ore exports up 46% yr/yr - Tehran

2020-1-5  Iran's 8-month iron ore exports up 46% yr/yr. TEHRAN - Iran exported 10.609 million tons of iron ore during the first eight months of the current Iranian calendar year (March 21-December 22, 2019), registering a 46-percent rise year on year, IRNA

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Govt imposes ad-valorem duty on iron ore fines

2008-11-11  Read more about Govt imposes ad-valorem duty on iron ore fines on Business Standard. The government today replaced the specific duty on iron ore fines, imposed 10 days back, with an ad-valorem duty of 8 per cent, which is expected to benefit the low-grade iron ore producers.

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

2012-1-2  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 ...

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Demand for scrapping iron ore export duty gathers

2014-8-11  Prices of 62 per cent iron ore fines (comparable to the grade mined in Goa) at Tiajin Port in China have crashed since the mining ban was imposed in December 2012. ... In 2012, export duty was ...

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Government removes 5% export duty on iron ore

2016-1-5  The 5% 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 Ministry of

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26011130 - Iron ore fines (62% fe or more) Central

26011130 - Iron ore fines (62% fe or more) Search updated Central Excise Duty and Tariff of Years 2009, 2008, 2007 and 2006. Details of Modvat and cenvat.

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INDIAN IRON ORE AND PELLETS - Metal Bulletin

Imposing Export Duty on Iron Ore has no influence on its sale prices in domestic market. •Restricted mining in iron rich states like Karnataka Goa resulted in shortfall of iron ore in Global Market but the gap filled by new global players in the trade. •Many new pellet plants are planned and installed to utilize low grade iron ore fines. 17

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Railways slashes iron ore freight rates to boost exports ...

2015-9-3  In May this year, the export duty on low-grade ore with 58% iron content was cut to 10%, while the rate was maintained at 30% for higher grades. Prices of Goan grades of ore have crashed to $40 now from a peak of $140 in 2012, when the Supreme Court imposed

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Introduction: overview of the global iron ore industry ...

2015-1-1  Furthermore, a 30% export duty has been imposed on high-grade iron ore exports aimed at preserving India's high-grade iron ore reserves/resources for domestic use. This export duty, together with a royalty rate of 15%, mining bans, mine closures, and expiry of leases, has had a huge impact on India's iron ore production and exports over the ...

Get Quote

GST on iron import for conversion into pellets

2019-5-21  1. Whether IGST at 5% of assessable value is applicable on import of iron for conversion into pellets and export the resultant product (Iron ore pellets) back to the same supplier in view of the fact that import duty is not applicable in view of the exemption under General Exemption No. 66 (Exemption Notification No. 32/97-Cus dated 01″ April ...

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Why China needs Australian iron ore for years to come

2021-6-11  China’s still buying huge amounts of Australian iron ore, and in the first five months of the year snapped up 444.9 million tonnes. Over 2020, China bought 81 per cent of all the iron ore Australia shipped overseas. The export brings in about $136 billion to Australia’s economy a year, and is by far Australia’s largest and most valuable ...

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

2012-1-2  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 ...

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Demand for scrapping iron ore export duty gathers

2014-8-11  Prices of 62 per cent iron ore fines (comparable to the grade mined in Goa) at Tiajin Port in China have crashed since the mining ban was imposed in December 2012. ... In 2012, export duty was ...

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Clarification on Iron Ore Exports;

2020-10-8  Export duty on Pellets made Nil in 2011: To promote the export of Iron Ore pellets as a value added product, then Finance Minister Shri Pranab Mukherjee, had reduced export duty to ‘nil’ during the 2011-12 budget announcing in his budget speech"Iron ore

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INDIAN IRON ORE AND PELLETS - Metal Bulletin

Imposing Export Duty on Iron Ore has no influence on its sale prices in domestic market. •Restricted mining in iron rich states like Karnataka Goa resulted in shortfall of iron ore in Global Market but the gap filled by new global players in the trade. •Many new pellet plants are planned and installed to utilize low grade iron ore fines. 17

Get Quote

Introduction: overview of the global iron ore industry ...

2015-1-1  Furthermore, a 30% export duty has been imposed on high-grade iron ore exports aimed at preserving India's high-grade iron ore reserves/resources for domestic use. This export duty, together with a royalty rate of 15%, mining bans, mine closures, and expiry of leases, has had a huge impact on India's iron ore production and exports over the ...

Get Quote

Thirty per cent iron ore export duty counter

2014-8-17  Read more about Thirty per cent iron ore export duty counter-productive: Vedanta CEOstyle="color: rgb(34, 34, 34); font-size: 13.333333969116211px;">Thirty per cent iron ore export duty counter-productive: Vedanta CEO on Business Standard. London-listed global metals and mining giant Vedanta Resources has joined the growing list of corporates openly criticizing the existing export duty

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GST on iron import for conversion into pellets

2019-5-21  1. Whether IGST at 5% of assessable value is applicable on import of iron for conversion into pellets and export the resultant product (Iron ore pellets) back to the same supplier in view of the fact that import duty is not applicable in view of the exemption under General Exemption No. 66 (Exemption Notification No. 32/97-Cus dated 01″ April ...

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difference between iron ore fines and lumps - BINQ

2012-12-15  The Important Factors to Consider When Investing in Iron Ore . Below is a chart they created to look at the difference between 58% Fe and 62% Fe. Almost all iron ore products including DRI, lumps, fines, pellets, »More detailed

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Elan InterTrade

2021-2-13  An export duty of 30 per cent has been levied on iron ore (lumps and fines with Fe above 58%) to ensure supply to domestic steel industry. Government of India’s focus on infrastructure and restarting road projects is aiding the boost in demand for steel.

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Why China needs Australian iron ore for years to come

2021-6-11  China’s still buying huge amounts of Australian iron ore, and in the first five months of the year snapped up 444.9 million tonnes. Over 2020, China bought 81 per cent of all the iron ore Australia shipped overseas. The export brings in about $136 billion to Australia’s economy a year, and is by far Australia’s largest and most valuable ...

Get Quote