ANNOUNCEMENT 27 Jan 2014In January 2014, the government of India announced a change in export taxation.
NUMBER OF INTERVENTIONS
CBEC Notification 03/2014-Customs: http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2014/cs-tarr2014/cs03-2014.htm
No.1/2016-Customs - 4 January 2016
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The export duty was withdrawn on 4 January 2016.