IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 08 Sep 2015 | Removal date: 07 Apr 2016
Still in force

Export tax

 On 1 September 2015, the Ministry of Railways through Addendum No. 16 to Rates Circular No. 36 of 2009 decreased the Distance based Charges on freight of iron ore that is to be exported and used in the production of iron and steel.
 
The Distance based Charge applicable on such iron ore transportation was earlier set at a rate ranging from "Rs. 1125 per tonne" to "125% of base freight rate plus Rs. 1125 per tonne" depending on the distance of transport. This additional charge has been reduced to a fixed charge of Rs. 300 per tonne irrespective of the distance.
 
The reduced rates are applicable from 8 September 2015 to 31 March 2016.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

141 Iron ores & concentrates, other than roasted iron pyrites
2601 Iron ores and concentrates, including roasted iron pyrites.
260111 Nonagglomerated
260112 Agglomerated

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