ANNOUNCED AS TEMPORARYNo
According to the Permanent Delegation of India to the WTO, the government of India has abolished its iron ore export taxes as of 1 April 2011. The export restrictions on further iron ore products remain in place.
On 29 April 2010, India had raised the export duty from 10 per cent to 15 per cent on Iron Ores and Concentrates. This was announced by the finance minister in his reply to the debate on the Finance Bill 2010-11.
Initially, the Indian government had re-imposed export duties on iron ore products on 24 December 2009. For iron ore fines, the tariff hasbeen raised from zero to 5 percent. For iron ore other than fines, theimport tariff was raised from 5 percent to 10 percent.
Previously, the Indian government had reduced export duties on ironore fines. After a reduction of the export duty to Rs. 200 per tonne on31 October 2008, the government transformed the duty into an 8 percentad valorem duty on 7 November 2008. Also, the export duty on iron orefines was abolished on 7 December 2008. On the same day, export dutieson all other varieties of iron ore were reduced to 5 percent.
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