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Article: INDIAN ORE MINERS SEEK REMOVAL OF EXPORT DUTY ON IRON ORE.

Article from:
AsiaPulse News
Article date:
June 23, 2009
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NEW DELHI, June 23 Asia Pulse - The Indian mining industry has sought removal of 5 per cent export duty on iron ore lumps, a key input in steel-making, saying the tax barrier along with high railway freight has "out-priced" the ore in the global market.

Seeking removal of the duty, the body of domestic miners -- the Federation of Indian Mineral Industries (FIMI)-- has shot a letter to Commerce Minister Anand Sharma.

Giving the rationale behind withdrawal of the duty, FIMI Secretary General R K Sharma said the demand for Indian iron ore lumps has started shrinking in Chinese spot market as Australian and Brazilian variants are low-priced.

While ...

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