ANNOUNCEMENT 27 Jan 2014

In January 2014, the government of India announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
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The export duty was withdrawn on 4 January 2016.

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