Mar
31
2010
NEW DELHI, MAR 30: The Steel Ministry is learnt to have sought the Prime Minister Dr Manmohan singh’s intervention for imposition of 20 pc export duty on iron ore shipments. “Yes, the Steel Minister, Mr Virbhadra singh, has written a letter to the prime Minister seeking imposition of a minimum of 20 pc ad valorem export duty on all grades and varieties of iron ore to curb its export,” a senior Steel Ministry official said.
At present, there is a 10 pc export duty on iron ore lump and 5 pc on iron ore fines.
Earlier, the Steel Ministry had sought the duty structure to be doubled in the Union Budget 2010-11, but the demand was not met. The Ministry had also written a letter to the Finance Minister on March 12 requesting imposition of flat 20 pc duty on iron ore exports.
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