ANNOUNCEMENT 27 Apr 2010In April 2010, the government of India announced a change in export taxation.
NUMBER OF INTERVENTIONS
Addendum No. 10 to Rates Circular No. 36 of 2009
On 27 April 2010, the Ministry of Railways through Addendum No. 10 to Rates Circular No. 36 of 2009 increased 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. 600 per tonne" to "125% of base freight rate plus Rs. 600 per tonne" depending on the distance of transport. This additional charge has been increased to a rate ranging from "Rs. 700 per tonne" to "125% of base freight rate plus Rs. 700 per tonne".
The measure was valid for the month of May 2010 and the charges were again increased in June 2010 (see related measure).