Nov 11, 2021 NGO Common Cause, in the separate PIL, has alleged export of iron ore in pellet form by some firms by evading duty and it has sought a direction
Nov 11, 2021 New Delhi, Nov 11 (PTI)Imposing or removing the export duty on any class of commodities is a policy decision of the government, the Centre on Thursday told the Supreme Court while seeking dismissal of a PIL which had alleged evasion of duty by various private firms in exporting iron ore in pellet form to China since 2015.
Sep 24, 2021 The top court issued a notice to the Central government and sought directions to levy 30% export duty on the export of the non-renewable iron ore in all forms. SC directs centre to levy 30% export duty on all forms of iron ore export. The PIL was heard by a three-judge bench, including CJI NV Ramana, and Justices Hima Kohli and Surya Kant.
Jan 28, 2014 NEW DELHI/SINGAPORE India imposed a 5 percent duty on exports of iron ore pellets, taking yet another step in conservin ANL 14.51 Increased By
Jan 22, 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 2011. This was further raised to 30% for both ...
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.
Jun 28, 2021 For iron ore pellets and other ferrous products with indicative prices of up to $400/mt, the ministry added a minimum tax of $54/mt for hot-rolled flat products and rebar a minimum $115/mt for cold-rolled coil, wire and other steel products priced up to $1,300/mt a minimum of $133/mt and for stainless steels and ferroalloys, $150/mt ...
Jan 27, 2014 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%,
Mar 11, 2010 2009 - December - Increased duty on iron ore lumps to 10 percent and imposed a 5 percent duty on fines as prices rallied and moved above a psychologically key level of $100 a tonne.
The NGO sought a direction to either ban the export or levy a 30 per cent duty on exports of iron ore in all forms including pellets, and alleged export of iron ore in pellet form by some firms by ...
Jun 12, 2014 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 ...
Oct 31, 2008 The export duty on scrap and iron ore lump remains unchanged. The export duties on steel products and iron ore were imposed in May and June this year, respectively, to discourage exports and rein ...
The affidavit called the charge of evasion of duty misleading, saying that there was no export duty on iron ore pellets between 2011 and January 2014 when a decision was taken to impose a ...
Nov 26, 2019 Despite the 25% customs duty imposed on the export of iron ore, the export of raw materials used in steelmaking is continuing and the duties
Nov 19, 2021 While export of all grades of iron ore, including lumps and fines, attracts 30% duty, the export of iron ore pellets made from iron fines is not taxed, according to existing government policies.
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.
Read more about Govt imposes 5% export duty on iron ore pellets on Business Standard. Good news for steel industry but miners to take a hitIn a move that may be construed as an attempt to appease the domestic steel industry ahead of the general elections, the finance ministry on Monday imposed a five per cent export duty on iron ore
Sep 28, 2021 Iron Ores And Concentrates, Including Roasted Iron Pyrites - Iron Ores And Concentrates, Other Than Roasted Iron Pyrites 26011130. Iron ore fines (62% fe or more) 06-Jul-2019. Customs Basic Duty 2.5. Basic Duty Pref
Jan 27, 2014 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
Nov 11, 2021 It further added that the petitioner has been trying to mislead the top court by saying that export of iron or fines or lumps above 64 per cent to 72 per cent iron is being done in the guise of pellets. Iron ore pellets have been subject to export duty from time to time.
Nov 11, 2021 The NGO sought a direction to either ban the export or levy a 30 per cent duty on exports of iron ore in all forms including pellets, and alleged export of
Feb 29, 2016 India imposes a 30 per cent tax on iron ore exports, making it unviable for many domestic iron ore miners to sell overseas where prices have tumbled by more than 40 per cent this year.
Apr 23, 2010 The tax could be at a uniform 20 percent, he told the newspaper. India had doubled the export tax on iron ore lumps to 10 percent in December, and imposed a 5 percent tax on fines.
May 21, 2013 Reuters Irans 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) Irans government is negotiating a tax
Read more about MinesMin to seek reduction in iron ore fines export duty on Business Standard. Concerned over steep decline in iron ore exports, Mines Ministry will seek from its finance counterpart reduction of duty on fines from the current 30%.
Apr 23, 2020 The Indian iron ore mining industry has sought immediate intervention of the Ministry of Finance to exempt 30 percent export tax levied on iron ore lumps and fines above 58 percent FE content, according to a representation made by Federation of Indian Mineral Industries (FIMI), the apex representative body of domestic miners.
Aug 11, 2014 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
Export duty of 30 % has been levied on iron ore* (lumps and fines) to ensure supply to domestic steel industry. The Government of India raised import duty on most steel items twice, each time by 2.5%, and imposed measures including anti-dumping and safeguard duties on iron and steel items. Undere th Union Budget 2020-21, the
Russian Prime Minister Mikhail Mishustin has signed off on a decree that will introduce export duties on ferrous and major base metals starting Aug. 1. The duties, ranging from $54/mt to $2,321/mt ...
recently, partly the result of higher export taxes on iron ore, growing domestic demand, and the export ban implemented by the state of Karnataka, which accounts for approximately one-third of Indian exports. India Iron ore policy measures The India imposes a 5% duty on fines and a 15% duty on lumps (increased from 10% in April 2010).
to Indian Steel exports. Along with this, 30% duty imposed on iron ore lumps and fines of 58% Fe content, made quality iron ore available to domestic manufacturers at lower prices5, aiding steel production. 11.71 7.23 7.48 7.83 6.77 4.08 8.24 9.62 6.36 8.35 0 2 4 6 8 10 12 14 FY16 FY17 FY18 FY19 FY20 Imports and Exports of Finished Steel ...
May 21, 2019 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 ...
Sep 24, 2021 Mr Bhushan added that even though the Government says that an export duty has been imposed, mining companies are palletising iron ore and exporting it
Nov 16, 2021 Russia set to raise steel scrap export duty to $114 per tonne to cool domestic prices The lower house of the Federal Assembly of Russia, known as the State Duma, approved on Tuesday November 16 an increase in the existing duty imposed on exports of steel scrap to 100 ($114) per tonne, according to the State Duma web portal.
Spot iron ore prices rise further on Indian tax talk. 03 JULY 2009. Spot iron ore prices rose a further $2 this week on speculation that India may re-impose a 15% export tax on fines. Prices for 63.5% grade Indian fines rose to $81-84 per tonne cfr China, up from $81-82 per tonne last week.