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Export Policy for Iron Ore Ministry of Steel GoI

2 天前  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

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Iron ore export duties: Regressive and

2014-7-22  Previously, there were different duty levels for various types of iron ore at varying points in time. There was a time when the rates of export duty for iron ore fines were 5% and lumps 15%. The ...

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Export duty on high-grade iron ore to remain

2016-5-12  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

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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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Commerce ministry for rollback of export duty on iron

2014-2-10  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 the scarce mineral.

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Export duty on iron ore less than 58 grade down to

2015-5-1  As a major of relief, I propose to reduce the export duty on iron ore fines below 58% Fe contain from 30% to 10%,” Jaitley said. Earlier in the day,

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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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AN OVERVIEW OF STEEL SECTOR

2017-7-24  export duty of 30% on all forms of iron ore except low grade (below Fe 58%) iron ore lump fines and iron ore pellets both of which have nil export duty. In view of rising imports, the Government had earlier raised import duty on most steel items twice, each time by 2.5% and imposed a gamut of measures including anti-dumping and safeguard ...

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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 2021 ...

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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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Steel ministry to FinMin: Retain 30% export duty on

2014-6-18  “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 2.5 per cent for iron ore and pellet imports may be brought down to zero,” the ministry said in its recommendations.

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No plan to lift export duty on ore with higher Fe

2019-1-22  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 ...

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DB – Company ReseaRCh RepoRt

2011-1-25  export Duty government imposed 5% export duty on iron ore fines in december 2009 and hiked export duty on iron ore lumps from 10% to 15% in april 2010 in a move likely to make chinese imports costlier as more than ~80% of India’s exports of iron ore are to china. This increased cost of iron ore would make chinese steel costlier and

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India Hikes Iron Ore Export Duty to 30% - Steel,

2012-1-5  The Commerce Ministry has raised the export duty on both iron ore fines and lumps, effective Dec. 30, 2011. ... the South Indian state Karnataka imposed a ban on exports of the raw material as of ...

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Govt withdraws 15% export duty on steel

2008-11-1  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

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Govt imposes 5% export duty on iron ore pellets

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

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Commerce Secy asks Finance minister to withdraw

2014-2-17  Says 5% export duty levied on ‘misplaced’ perception. (IE) A day before the government’s Vote-on-Account, Union commerce secretary Rajeev Kher has asked the finance ministry to withdraw the 5 per cent export duty on iron ore pellets saying it was levied on a “misplaced” perception.

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export duty on iron ore pellets: Latest News Videos ...

2021-2-22  Pellet manufacturers object to iron ore miners demand for removal of 30 % export duty on less than 62 Fe ore 14 Jun, 2019, 09.32 AM IST. FIMI said in its letter that the duty was responsible for a pile-up of 151 mt of stocks of iron ore fines at mine heads over the years.

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How low-grade iron-ore can get high returns - The ...

In June, the Union government made a partial reduction in export duty for iron-ores of below 58% ferrous grade but the change was restricted only to fines. The export duty at the rate of 30% on ...

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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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Govt withdraws 15% export duty on steel

2008-11-1  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

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India Plans Export Taxes on Iron Ores - WSJ

2009-12-28  India's federal government will likely soon introduce a 5% export tax on iron ore fines and raise the export duty on high-grade iron ore lumps to 10% from 5%, a steel ministry official said Monday.

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DB – Company ReseaRCh RepoRt

2011-1-25  export Duty government imposed 5% export duty on iron ore fines in december 2009 and hiked export duty on iron ore lumps from 10% to 15% in april 2010 in a move likely to make chinese imports costlier as more than ~80% of India’s exports of iron ore are to china. This increased cost of iron ore would make chinese steel costlier and

Get Price

ESCO Calls for Rise in Iron Ore Export Duty Financial ...

2019-11-26  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

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How low-grade iron-ore can get high returns - The ...

In June, the Union government made a partial reduction in export duty for iron-ores of below 58% ferrous grade but the change was restricted only to fines. The export duty at the rate of 30% on ...

Get Price

Commerce Secy asks Finance minister to withdraw

2014-2-17  Says 5% export duty levied on ‘misplaced’ perception. (IE) A day before the government’s Vote-on-Account, Union commerce secretary Rajeev Kher has asked the finance ministry to withdraw the 5 per cent export duty on iron ore pellets saying it was levied on a “misplaced” perception.

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iron ore export - Latest News on iron ore export

2013-8-27  Govt decision to hike iron ore export duty prudent: Assocham. The government's decision to hike duty on iron ore exports from 5 percent to 50 percent is a step in the right direction and promotes value addition within the country to meet growing demand for steel, industry body Assocham said on Saturday. Jan 07, 2012, 20:15 PM IST

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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 Price

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 2021 ...

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export duty on iron ore - ccph2019.ca

Iron ore export duties: Regressive and counterproductive ... Presently, uniform export duty of 30% on FOB (Free on Board) price of iron ore is levied. Previously, there were different duty levels for various types of iron ore at varying points in time. There was a time when the rates of export duty for iron ore fines were 5% and lumps 15%.

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India Plans Export Taxes on Iron Ores - WSJ

2009-12-28  India's federal government will likely soon introduce a 5% export tax on iron ore fines and raise the export duty on high-grade iron ore lumps to 10% from 5%, a steel ministry official said Monday.

Get Price

DB – Company ReseaRCh RepoRt

2011-1-25  export Duty government imposed 5% export duty on iron ore fines in december 2009 and hiked export duty on iron ore lumps from 10% to 15% in april 2010 in a move likely to make chinese imports costlier as more than ~80% of India’s exports of iron ore are to china. This increased cost of iron ore would make chinese steel costlier and

Get Price

ESCO Calls for Rise in Iron Ore Export Duty Financial ...

2019-11-26  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

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Government cuts export duty on iron ore - Livemint

2008-12-7  Updated: 07 Dec 2008, 05:57 PM IST PTI. New Delhi: As part of its economic stimulus package, the government has cut export duty on iron ore to 0% on fines and 5% on lumps — a

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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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India's iron ore exports may decline 72% this year ...

In FY10, the ministry of finance had imposed five per cent duty on the export of iron ore fines. This was raised to 20 per cent in FY11 and 30 per cent in FY12. Between February 2010 and March 2012, the railways increased freight nine times. Today, it is about four times the domestic freight for iron ore

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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 2021 ...

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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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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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