Export duty on Pellets made Nil in 2011: To promote the export of Iron Ore pellets as a value added product, then Finance Minister Shri Pranab Mukherjee, had reduced export duty to 'nil' during the 201112 budget announcing in his budget speech "Iron ore is also exported in a valueadded, pelletized form.
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NEW DELHI (Reuters) India's iron ore exports, which fell for the first time in a decade last year, could halve over the next five years as the country feeds the expansion of its steel industry ...
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The analysis shows that of the 114 nonfuel mineral auctions held so far, many received excessively high bids (particularly for ironore mines), bids higher than even the estimated value of ...
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Asia Iron Ore Forecast by Export India, China, and Malaysia Iron Ore Forecast by Export Oceania North America South America European Union
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Key statistics. • Exports of goods in June 2021 increased 2,889m (8%) to 41,287m. • Imports of goods in June 2021 increased 2,122m (8%) to 28,015m. • For June 2021 there is a goods trade surplus of 13,271m (original, current price, merchandise trade basis) This (June 2021 reference month) is the final release of the International ...
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Published by Statista Research Department, Oct 30, 2023. India exported more than 35 million metric tons of iron ore in 2021. This represented a decline of roughly 32 percent in comparison to the ...
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NEW DELHI, Nov 3 (Reuters) India's iron ore exports dropped to "nearly zero" in October, and overseas shipments of the steelmaking raw material are expected to continue to languish due...
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Published on October 17, 2023. India's iron ore exports nearly tripled YoY to in H1FY24, 95% of which went to China. Covid easing, demand, and duty withdrawal were key factors. Prices of ...
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It was also announced that the scheme now covered export items from the Chemical and Pharmaceutical sectors and exports of iron and steel products listed in the India Tariff CodeHarmonised System (ITCHS) chapters 28, 29, 30 and 73. The full list of the 10,342 export items legible under the RoDTEP scheme can be found in Appendix 4R.
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All work relating to export of following commodities : Canalised Ores Iron ore, Manganese ore/Manganese Dioxide Ore Chrome Ore, Kyanite, etc. Other Minerals Vanadium Tungsten, Uranium, Thorium, Barytes, Asphalt, etc Formulation of export policy on minerals and ores. All the following and other matters relating to MMTC Limited and its subsidiary
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Odisha's share in India's iron ore production stood at around 55% in FY'22. SteelMint estimates that production from Odisha is likely to increase further to 150 mnt in FY'23, or an increase of nearly 9% onyear. This is likely to be possible on higher output by JSW Steel which is expected to post total production of 27 mnt.
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Follow Us. Iron ore shipments from Indian ports in FY20 touched its peak in the last six years. At the end of February, the ports had carried 50 million tonnes of the key ingredient in steel making. Iron ore has recorded a spurt of 43 per cent in volumes, registering the highest growth among all commodities.
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The standard digital platform is singlepoint access for efiling RCMC/RC for all exporters/importers and Issuing agencies. This Common Digital Platform is designed to provide an electronic, contactless single window for the RCMC/RCrelated processes, including Application for Fresh/ Amendment/ Renewal of RCMC/ RC.
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The 45 per cent export duty levied by the government on export of iron ore pellets will make the export of the material unviable at current prices, Icra said on Tuesday. The Government of India slapped a hefty 45 per cent levy, from nil, on the export of iron ore pellets from May 21. "The application of this high export tariff has reduced a ...
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Export value of iron ore in India FY . Published by Statista Research Department, Oct 30, 2023. The value of iron ore exported from India amounted to over 241 billion rupees in financial ...
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Almost twothirds of India's iron ore exports to China had less than 58 per cent iron content, according to Indian mining industry estimates. ... lowgrade and expensive to process. Its mines ...
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The Merchant Exporter System is a mechanism established by the Indian government to facilitate and streamline export activities. Under this system, an exporter, known as a merchant exporter, engages in the export of goods manufactured by other companies or suppliers. Unlike manufacturers or producers who directly export their own products ...
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Published Jun 8, 2023. + Follow. India's mineral block auctions showed a marked upturn in 202223 (FY23) with successful bids more than doubling yoy. Madhya Pradesh led the competitive bidding ...
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Price of 62% Fe iron ore fines, for example, increased a whopping 344% to around Rs 7,000 last month from Rs 1,575 in May 2020. Some secondary steelmakers have urged the government to bail them out as current prices of iron ore are higher than export parity. The industry has also urged the government to auction ore mines at the earliest.
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Buoyed by better prices and higher demand from China. Better prices and higher demand from China saw India's iron ore export in February reach million tonnes (mt), one of the highest since ...
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