India Will Adjust the Iron Ore Export Tax Structure

India Will Adjust the Iron Ore Export Tax Structure

    Under India's current export tariff structure, iron ore withan iron content of over 58% is classified as "high grade" subject toan export duty of 30% and low grade iron ore with an iron content of less than58% tariff.

    Although the council has yet to announce its final opinion,sources say the Indian Ministry of Mines will set up a "medium gradeiron-ore fines" system, targeting between 58% and 62% of the grade Ironore, the government will reduce or eliminate export tariffs, while the highiron ore content of more than 62% of iron will continue to impose a 30% highexport tax.

    Although the council has yet to announce its final opinion,sources say the Indian Ministry of Mines will set up a "medium gradeiron-ore fines" system targeting between 58% and 62% of the grade Ironore, the government will reduce or eliminate export tariffs, while the highiron ore content of more than 62% of iron will continue to impose a 30% highexport tax.


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