In the interest of the local sector of iron and steel, the Indian Steel Ministry has supported the continuation of export duty
on iron ore fines at the current rate of 30% ad valorem.
Neutral impact on Norilsk; export duty
on copper may follow.
Another question is what will happen to the zero export duty
if Urals blend crude falls below $50/bbl.
The export duty
on light and medium distillates will be $36,7 per tonne, up from $32.
The government has since March 1, 2016, linked the MET and crude oil export duty
to the average global crude oil price, with a zero rate applied when the price is below $25/b.
THE INDUSTRY IS PITCHING FOR INCREASING THE EXPORT DUTY
ON BAUXITE TO DISCOURAGE CHINA AND OTHERS FROM BUYING IT CHEAP FROM INDIA AND THEN SELLING BACK VALUEADDED MATERIAL Meanwhile, bauxite exports to China have surged 52 per cent in the past one year.
The Minister had clarified and issued instructions to the ministry to implement the exemption of export duty
in true spirit which has already granted by the ministry.
The government has said the export duty
, imposed as of February 1, amounted to 15 per cent of the customs price plus 7.
The export duty
decrease is included in the draft state budget and as soon as the legislators approve it, the new tariffs will come into force.
India, June 16 -- Presently, iron ore pellet attracts zero duty while the duty on iron ore (lumps and fines) export is 30 per cent, therefore exporters are circumventing iron ore pellets' exports by paying only five per cent export duty
MOSCOW, Jumada II 3, 1435, Apr 3, 2014, SPA -- The head of Russia's top natural gas producer, Gazprom, said on Thursday it would further increase the gas price for Ukraine to $485 per 1,000 cubic metres from April, after introducing an export duty
, Reuters reported.
Abdul Majeed Nizamani, President, Sindh Abadgar Board (SAB), has urged the government to withdraw export duty
on onion trade and save onion growers of Sindh.