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22 Zeilen· View detailed Export data, price, monthly trends, major exporting countries, major ports of
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05.01.2016· The step is expected to benefit the likes of pellet makers which includes top miners as well as leading steel players. The 5 per cent export duty on iron ore pellets was imposed in 2014.
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There is a 30 percent export duty on iron ore fines with Fe content of 58 percent and above and 10 percent for below this content. For iron ore lumps, the duty is a flat 30 percent. Current price
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21.01.2019· While exports of iron ore fines used to attract only 5% duty back in 2009, a uniform 20% duty was imposed on both lumps and fines since March
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Iron ore pellets are used as raw material for blast furnaces due to their metallurgical properties. The government had imposed the export duty last week on a proposal from the steel ministry, which had argued that iron ore was being exported in the garb of pellets, which virtually amounted to exporting
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After an increase in import duty on iron lumps and fines, India, the third-largest iron ore exporter in the world, is expected to become a net importer of iron ore this financial year. In 2012-13, India exported 15.85 million tonnes (mt) of iron ore compared to 89.73 mt in 2010-2011. Similarly for Japan, iron ore exports have fallen to 2.16 mt in the last financial year from 5.45 mt in 2010
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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 also freely allowed.
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The government at present levies an export duty of 10% on iron ore lumps and 5% on iron ore fines. Last week, senior officials from the steel, mines, commerce and finance ministries discussed the issue of raising the export duty on these different types of iron ore
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Here's a BINGO. Just in case, if you also want to know about exemptions. I've not mentioned about cess for now, but if needed will add to this :) * THE SECOND SCHEDULE - EXPORT TARIFF Notes: 1. In this Schedule, "Chapter", "heading", and "tariff i
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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.
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Export tax On 24 December 2009, the Ministry of Finance India set the ad valorem export duty of iron ore fines at 5% . The export of iron ore fines had been exempt from such duty since December 2008 (see related measure).
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01.11.2008· It also replaced the 15 per cent ad valorem export duty on iron ore fines. The export duty on scrap and iron ore lump remains unchanged. The
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26011130 - Iron ore fines (62% fe or more) Central Excise Duty and Tariff. New Central Excise tariff New excise duty on export goods Cenvat, Manufacturing Export Goods, Cenvat Refund Claim and Rate of Excise Duty . Excise Duty Rate Search. All of the words At least one of the words Exact Phrase. HS Code: Item Description: w.e.f. Unit / Duty: Notes (Chapter 25 -27 ) - Section V-Mineral Products
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30.04.2015· 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
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Here's a BINGO. Just in case, if you also want to know about exemptions. I've not mentioned about cess for now, but if needed will add to this :) * THE SECOND SCHEDULE - EXPORT TARIFF Notes: 1. In this Schedule, "Chapter", "heading", and "tariff i
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22.05.2020· "To ensure normalcy in production for secondary steel producers, we recommend a levy of 30% export duty on iron ore pellets," the Chhattisgarh Sponge Iron Manufacturers' Association said in the letter. Iron ore pellets or lumps are used to make sponge
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Until 2012, India levied five per cent duty on export of fines and 15 per cent on export of iron ore lumps. In December 2012, a flat 30 per cent export duty was imposed to conserve the key steelmaking raw material for the domestic sector. However, with global prices crashing and restrictions on mining imposed in several states, steel majors are opting for cheaper imports.
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Australia is the top exporter of iron ore 887.43m t Detailed statistics. Leading exporting countries of iron ore in metric tons 2018 . Transport volume of iron ore in global seaborne trade
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Iron ore lumps and fines attract 30% duty, but till the new levy, there was zero duty on pellets. Kalyan Banerjee, chairman of the standing committee on coal and steel, has also been pushing for
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The applicant will be receiving the proceeds for conversion of iron ore fines into iron ore pellets in foreign exchange. The applicant sought clarification on the following issues: 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
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