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Budget 2013: Mines Ministry seeks 50% cut in export duty on iron ore fines

Last Updated: Friday, February 15, 2013, 15:41

Ahead of the Budget, Mines Ministry has sought from the Finance Ministry reduction of export duty on low grade iron ore by 50 percent to boost production to enhance export of the mineral.

FIMI writes to Rajan seeking roll-back of export duty on ore

Last Updated: Sunday, January 27, 2013, 12:18

In a letter to Raghuram G Rajan, Chief Economic Advisor to the Ministry of Finance, FIMI said higher export duty coupled with exorbitant freight charges have led to a steep fall in exports of ore which has drastically come down from 117.37 million tonnes (MT) in 2009-10 to 61.74 MT in 2011-12.

Govt decision to hike iron ore export duty prudent: Assocham

Last Updated: Saturday, January 07, 2012, 20:15

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.