is iron ore produced in india exempt from excise duty
is iron ore produced in india exempt from excise duty

Need to levy excise on minerals for transparency

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We do need to levy excise duty on minerals such as ferrous and non-ferrous ore, as per the Central Excise and Salt Act, 1944 and the Excise Tariff Act, 1985 Note that minerals in their finished form are very much excisable items...

Chapter II Central Excise Duty on Iron and Steel Products ,

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India is the fourth largest steel producer in the world and Iron and steel was among the top three revenue yielding commodities during the year 2012-13 Central Excise Tariff Act, 1985 classifies Iron Steel under Chapter 72 of the...

GOVERNMENT OF INDIA MINISTRY OF FINANCE ,

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exempt from excise/CV duty, dredgers will be exempt from the 4 additional duty of customs 152 Customs duty has been reduced from 5 to 2 on natural boron ore...

What are the items on which export duty is levied?

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Goods produced or manufactured in India when exported for display in the showrooms of the Government of India in foreign countries or in the exhibitions or fairs held in foreign countries are exempt from the whole of the duty of customs leviable thereon...

Finance Bill 2010

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In December, 2009 the export duty on iron ore lumps was enhanced from 5 to 10 and on fines from Nil to 5 Keeping in view the trend in the quantum of exports and domestic and international prices, the duty on iron ore lumps is being increased further to 15...

Central Excise Tariff Amendment Act 2004 Appendix IV ,

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Footnote The notification fixing the rate of cess on iron ore produced in any mine as 50 paise per metric tonne with effect from 1st July, 1981 was published vide GSR No 394 E dated 16th June, 1981 in Gazette of India, Extraordinary, Part II, Section 3, Sub-section i...

iron ore lumps customs tariff

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Export duty on iron ore lumps, fines hiked to 30 , The Finance Ministry on Monday hiked the export duty on iron ore lumps and fines to 30 per cent, effective December 30, ,...

Export duty on iron ore pellets raised excise up on ,

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Iron ore pellets are made from iron ore fines and used in making steel Iron ore fines and lumps attract an export duty of 30 per cent Iron ore pellets are, however, exempt from export duty...

M/S Star Industries vs Commissioner Of , on 7 October, 2015

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This section stipulated that any article which was imported into India shall be liable to customs duty equal to the excise duty for the time being leviable on a like article if produced or manufactured in India...

Indian Union Budget 2017

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Central Excise duty charges payable for niobium, tantalum, vanadium zirconium ore conc in India as per recent Budget Excise tax for iron ores concentrates, ,...

Govt imposes export duty of 5 on iron ore pellets

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At present, though iron ore fines and lumps are subject to an export duty of 30 , iron ore pellets are exempt Iron ore is a critical raw material required for production of steel In 2012-13 ....

Export duty on iron ore pellets goes

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The government has reduced the export duty on iron ore pellets to zero from five per cent, a move that will make the commodity more competitive amid subdued demand and weakening pric...

Excise duty for steel plate suppliers to shipbuilders exempted

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Excise duty on supply of steel plates are exempted by the government in order to boost up the steel production of the domestic steel makers of the country...

excise rule in iron ore mines

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excise rule in iron ore mines 1 No14/06/2008-DGAD GOVERNMENT OF INDIA MINISTRY OF Nov 24, 2009 concerning imports of the subject goods originating in or exported from the subject countries in accordance with the Rule 6 1 of the Rules to determine the existence, ....

India Lifts Iron Ore Pellet Export Tax Yes, India s ,

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Jan 06, 2016 0183 32 India Lifts Iron Ore Pellet Export Tax Yes, India s Economy Still Needs Deregulating , which is a manufactured product that attracts excise duty The association s secretary general, Deepak ....

Export duty on iron ore pellets scrapped

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NEW DELHI Government has reduced the export duty on iron ore pellets to zero from 5 , a move that will make the commodity more competitive amid subdued demand and weakening pric...

iron ore royalty and excise duty

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is iron ore produced in india exempt from excise duty iron ore royalty and excise duty is iron ore produced in india exempt from excise duty, Home»FAQ»is iron ore produced in india exempt from excise duty? Get Price Over Rs 800 crore fall in Odisha s iron ore royalty...

Levy Excise on Telecom, Petrol for Swachh Bharat NITI ,

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The Chief Ministers Sub-Group on Swachh Bharat has recommended a cess on telecom services, petrol and minerals like coal and iron ore to mobilise resources for implementing the cleanliness programme...

Petroleum Products 116

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Petroleum products are exempt when used in a motor vehi- , fuel excise tax return For more information, call our Petro- , 145, Industrial Production 146, Use Tax for Businesses 147, Taconite and Iron Mining 153, Loggers and Log Home Builders 164, Local Sales and Use Taxes...

Kudremukh Iron Ore Co Ltd vs Cce on 23 April, 1999

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The Assistant Collector accepted the plea of the appellants herein that exemption Notification 19/88-CE dated 131988 exempted the goods falling under Chapter 26 under which the instant goods iron ore pellets fall from the whole of the duty of excise leviable thereon...

India Budget fully exempts customs duty on stainless steel ,

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Full exemption from export duty has been provided to iron ore pellets to encourage the value addition process for fin The budget has also reduced basic customs duty from 5 per cent to 25 per cent on inputs for chemicals, ferro-alloys and paper...

Government removes export duty on iron ore pellets

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The government in 2014 had levied a 5 per cent export duty on iron ore pellets, which are value-added products of leftover material or low grade iron ore and are used in steel-making...

Information On Iron And Steel Industry In India SteelMint

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Get latest news , prices, tenders, statistics and market report on steel, iron ore, coal, scrap, billet, hrc, crc, re-bars, Ferro alloys and coke...

Need to levy excise on minerals for transparency

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It would make perfect sense to levy central excise on minerals production, complete with service tax on ore benefaction It is a related matter that the levy of excise duty ,...

Export duty reduced on pig iron, custom duty on ATF ,

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New Delhi, Oct 31 UNI The government today abolished customs duty of five per cent on Aviation Turbine Fuel ATF and withdrew export duty on certain items like pig iron and iron and steel ....

Mining taxes for India may change in future Carbon Steel ,

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The federal Govenrment for its part levies excise duty on the resources produced In addition, some minerals also attract some cesses like Clean Energy Cess, Cess on export of mica, iron ore,...

Explanation ad valorem

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of cement produced by the factory, in a financial , Explanation-For the purposes of this exemption appropriate duties of excise shall mean the duties of , Act, 1998 21 of 1998 and the special additional excise duty leviable under section 147 of the Finance Act, 2002 20 of 2002 , read with any relevant exemption notification for ....

Budget 2012 Duty restructure sought for steel, coke ,

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Mar 14, 2012 0183 32 Reduce customs duty from 5 to NIL on non-coking coal Presently about 20 million tonnes of sponge iron is produced through coal based route for ,...

Indian iron ore pellet plants seek excise duty cuts in ,

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The Indian iron ore pelletization industry has sought a reduction in excise duty to five percent from 125 percent This content is only available to subscribers Try for free by filling in the form...

excise tariff head for coal mining equipment

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Budget 2012 Service tax under scalpel, fisc to the fore - EY - India Full exemption from basic customs duty has been provided for fertiliser and coal mining projects, as well as on equipment imported for , The excise duty on mobile ....