The Indian government is working on the introduction of a 30 percent export tax on an iron ore with a low degree until October of this year, government sources reported on Wednesday, September 10.
This is aimed at contributing to the addition of internal value in iron ore and an increase in supplies to local steel, sources reported. Comers and fines attract a tax of 30 percent.
, while steel manufacturers welcome this offer, miners presented by the Indian Mineral Industry (FIMI) federation that there is already excess, out of 14 million MT, which are already over 35 million next year, a low -grade or that a low -grade or that a low -grade or that Tax taxations (5 million (5: 0: 0: 0: 0: 0: 0: 0: 0: 0: 0: 0: 0: 0: 0: 5 million people of 55 million.
The miners also noted that the total collector can create reserves, reduce revenues from state royalties and cause trading disputes. Some recommends a flexible service, with exceptions for the defined ones. assessments and periodic reviews.
