No export duty on iron ore, steel –
“The government has withdrawn or cut export duty on steel products and iron ore effective Saturday. Duty was imposed in May this year.**
As per the Finance Ministry notification 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 of iron ore lumps and fines with more than ’58 per cent Fe’, the rate of duty will be 30 per cent. Exports of iron ore pellets will attract NIL export duty. Similarly, exports of pig iron and steel products (classified under Harmonised System or HS 7201, 7208, 7209,7210,7213, 7214, 7219, 7222 & 7227) will attract NIL export duty.”
(Government cuts export duty on steel products, iron ore – The Hindu BusinessLine)
| Subscribe To Our Free Newsletter |
