The move set out in a notification issued late on Friday reverses the imposition in May of a 50% tax on exports of iron ore lumps and fines with less than 58% iron content The government also reversed a May rise in export tax on iron ore concentrates other than roasted iron pyrites That tax now returns to 30% from 50%
Get PriceThe tax on export of iron ores and concentrates was hiked to 50 per cent from 30 per cent while on iron pellets a 45 per cent duty was imposed The steel industry has been demanding a rollback of the duties saying local demand was not sufficient for domestic production
Get PriceAs per a finance ministry notification issued late at night on Friday exports of specified pig iron and steel products as well as iron ore pellets will attract nil export duty Also export duty on outward shipment of iron ore lumps and fines with less than 58 percent iron content will be nil
Get PriceThe announcement from the country s largest iron ore miner has come days after the government removed duty on the exports of the mineral The price for a tonne of lump ore or high grade iron ore having Fe iron content of 65 53 per cent and above has been fixed at Rs 4 100 While the rate of fines or inferior grade ore with 64 per cent and
Get PriceThese 2 stocks will benefit from steel export duty rollback Synopsis Depressed global prices will limit export duty cut benefits to domestic steel players Elsewhere the prospects of iron ore producers are set to improve Steel companies reported weak earnings in the second quarter of 2024 23 due to the impact of export duties on realisations
Get PriceDuty was imposed in May this year As per the Finance Ministry notification exports of iron ore lumps and fines with less than 58 per cent Fe will attract NIL export duty In the case of
Get PriceThe export value of nickel ore is currently around $30 per tonne whereas that value may increase to $100 per tonne if converted into ferronickel an alloy of iron and nickel used as an alloying material in steelmaking By advancing the downstream nickel industry Indonesia expects to increase profits in this sector through the value of
Get PriceNov 18 202222 51 India scrapped an export tax levied on low grade iron ore lumps and fines with below 58% iron content in a notification late on Friday reversing an earlier order from May when it had raised the tax to a steep 50% to rein in inflation In the notification which takes effect on Saturday the government also removed export
Get PriceNEW DELHI/SINGAPORE Reuters India imposed a 5 percent duty on exports of iron ore pellets taking yet another step in conserving the raw material for domestic steelmakers that has slashed its
Get PriceThe tax on export of iron ores and concentrates was hiked to 50 per cent from 30 per cent while on iron pellets a 45 per cent duty was imposed Steel industry has been demanding a rollback of the duties saying local demand was not sufficient for domestic production
Get PriceWelcoming the government s move to remove export duty on steel Tata Steel CEO T V Narendran said India has a great opportunity to make steel for domestic consumption as well as to meet global needs We welcome the government s decision to roll back the export duty on steel products and iron ore imposed to deal with the inflationary situation and we acknowledge the same Narendran told PTI
Get PriceThe finance ministry on May 22 imposed export duties ranging from 15% to 45% on inputs for iron and steel in a move to increase their availability for the domestic manufacturers Similarly the export duty on iron ores and concentrates was raised to 50% from 30% The move was aimed to keep input price under check for small businesses
Get PriceIn a notification late on Friday the Government of India scrapped export duties on low grade iron ore lumps and fines containing less than 58% iron reversing an earlier order in May when it had raised the tax to steep 50% to curb inflation In a notification on Saturday the government also scrapped a 15% export tax on some intermediate steel
Get PriceIn May 2024 the Australian government announced that it would impose a 40% Resource Super Profits Tax RSPT on mining firms starting from July 2024 in order to pay for the increasingly higher cost of infrastructure investment and pensions The new tax encouraged more exploration and mergers and acquisitions M&As within policy constraints
Get PriceThe import duty on ferronickel coking coal PCI coal has been cut from 2 5 per cent while the duty on coke and semi coke has been slashed from 5 per cent to nil The tax on the export
Get Price[House Hearing 117 Congress] [From the U S Government Publishing Office] REFORMING THE MINING LAW OF 1812 H R 7580 CLEAN ENERGY MINERALS REFORM ACT OF 2024 ===== LEGISLATIVE HEARING BEFORE THE SUBCOMMITTEE ON ENERGY AND MINERAL RESOURCES OF THE COMMITTEE ON NATURAL RESOURCES U S HOUSE OF REPRESENTATIVES ONE HUNDRED SEVENTEENTH CONGRESS SECOND SESSION Thursday May 12
Get PriceThe move set out in a notification issued late on Friday reverses the imposition in May of a 50% tax on exports of iron ore lumps and fines with less than 58% iron content
Get PriceNEW DELHI India scrapped an export tax levied on low grade iron ore lumps and fines with below 58% iron content in a notification late on Friday reversing an earlier order from May when it had raised the tax to a steep 50% to rein in inflation
Get Pricethe finance ministry said in a statement on saturday that with immediate effect exports of iron ore lumps and fines less than 58 percent iron will attract nil export duty iron ore lumps and fines more than 58 percent fe will attract 30 percent iron ore pellets nil export duty pig iron and steel products classified under hs 7201 7208 …
Get PriceThe tax on export of iron ores and concentrates was hiked to 50 per cent from 30 per cent while on iron pellets a 45 per cent duty was imposed Steel industry has been demanding a
Get PriceIndia has scrapped export duties on low grade iron ore nuggets and fines containing less than 58% iron In a notification late on Friday the Government of India scrapped export duties on low grade iron ore lumps and fines containing less than 58% iron reversing an earlier order in May when it had raised the tax to steep 50% to curb inflation
Get PriceThere 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 Higher grade per Fe unit would therefore fetch higher realization after paying export duty
Get PriceAs per a finance ministry notification issued late night on Friday exports of specified pig iron and steel products as well as iron ore pellets will attract nil export duty Also
Get PriceIn a letter written to Finance Minister Nirmala Sitharaman on Monday FIMI said following the imposition of the duty exports of fines have nosedived 92% to just 0 23 million tonne MT in
Get PriceIn a letter written to Finance Minister Nirmala Sitharaman on Monday FIMI said following the imposition of the duty exports of fines have nosedived 92% to just 0 23 million tonne MT in June the first full since the duty was imposed from nil earlier compared with 3 24 MT in the same month last year
Get PriceAs per a finance ministry notification issued late night on Friday exports of specified pig iron and steel products as well as iron ore pellets will attract nil export duty Also export duty on outward shipment of iron ore lumps and fines with less than 58 per cent iron content will be nil
Get PriceThe domestic steel industry generally consumes the high grade ores iron content of 62 per cent and more while the lower grade ore is exported primarily to China in the form of fines Demand for export of low grade iron ore continues to be depressed with 12 83 million tonne mt being moved out of the country in FY22 as against 34 26 mt
Get Price26011130 Iron ore fines 62% fe or more of India Custom Duty and Import Tariff and Tax Important Information Duty Calculation with SAARC Member Countries For Duty Calculation with SAARC Member Countries Please Choose Rates Declared on 1 Jul 2024 These Duties will be applicable between SAARC Member States under SAFTA
Get PriceAs per a notification of the Union finance ministry issued late on Friday exports of iron ore lumps and fines with less than 58 per cent Fe will attract NIL export duty In the case
Get PriceThe tax on export of iron ores and concentrates was hiked to 50 per cent from 30 per cent while on iron pellets a 45 per cent duty was imposed Steel industry has been demanding a rollback of the duties saying local demand was not sufficient for domestic production
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