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: 27 Jan 2014 | Removal date: 27 Dec 2015
Still in force

Export tax

On January 27, 2014, India's Ministry of Finance issued Notification No. 03/2014-Customs, which imposes an export duty on iron ore pellets (HS 2601.12.10) of 5 per cent. Previously, pellets could be exported free of duties.
 
According to an official statement, this tariff increase was promopted by a surge in iron ore pellet exports in 2013 that lead to concerns about shortage of iron ore for the domestic industry.
 
The export duty was withdrawn on 4 January 2016.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.
260112 Agglomerated

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