INTIEAIndia · 2022 decrease in customs duties for iron ore and concentrate exportPolicyIn force

2022 decrease in customs duties for iron ore and concentrate export

In November 2022, the Indian government implemented a decrease in customs duties for iron ore and concentrate exports. Customs duty on iron ore (grade higher than 58%) was reduced to 30% from the earlier imposed duty of 50%, announced in May 2022, while all export duties were…

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Country / jurisdiction: India · Year: 2011 · Status: In force · Level: National · Type: Voluntary

In November 2022, the Indian government implemented a decrease in customs duties for iron ore and concentrate exports.

Customs duty on iron ore (grade higher than 58%) was reduced to 30% from the earlier imposed duty of 50%, announced in May 2022, while all export duties were lifted for lower grade iron ore. The revision came into effect from 19th November 2022.

Earlier, in May 2022, the government had imposed export duties on the iron ore and concentrates by the way of amending Second Schedule and Notification No. 27/2011.

Official source: https://taxinformation.cbic.gov.in/view-pdf/1009553/ENG/Notifications

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https://www.iea.org/policies/20152

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