Iron-ore export duty takes centre stage ahead of India’s national Budget

The iron-ore export duty has moved back to the centre stage in India, with iron-ore miners calling on government to announce a lower export tax when the national Budget is unveiled on February 1. In response to the federal Finance Ministry’s invitation for input from all sectors, iron-ore miners have put forward that the forthcoming Budget should either prune the 30% export tax on high-grade iron-ore and 10% rate applicable for lower grade ores and fines, or scrap the duty structure for exports of the raw material.