No. 1688, Gaoke East Road, Pudong new district, Shanghai, China.
No. 1688, Gaoke East Road, Pudong new district, Shanghai, China.
The import duty on ferronickel, coking coal, and PCI coal has been cut from 2.5 per cent, while the duty on coke and semi-coke has been slashed from 5 per cent to 'nil'. The …
China has announced changes in its import tax policy, cutting the existing two percent import duty for non-ASEAN origin steel billet and slabs to zero, and cutting the pig iron …
"Accordingly, it is recommended that the export at 30 per cent in case of iron ore (both lumps and fines) and 5 per cent in case of ore pellets may be continued whereas the existing import duty of 2.5 per cent for iron ore and pellet imports may be brought down to zero," the ministry said in its recommendations.
Govt waives import duty on some raw materials for steel industry, export duty on iron ore hiked up to 50% ... While import duty on naptha has been cut to 1 per cent, from 2.5 per cent, the duty on ...
Domestic hot-rolled coil (HRC) prices rallied to a multi-year high of Rs 56,000 per tonne in February from Rs 39,200 per tonne in March 2020 as demand improved amid iron-ore supply constraints and ...
Also, import duty on naphtha has been reduced to 1% from 2.5%, while duty on propylene oxide has been cut to 2.5%. Moreover, the import duty on polymers of venyl chloride is reduced from 10% to 7.5%.
The import duty on ferronickel, coking coal, PCI coal has been cut from 2.5 per cent, while the duty on coke and semi-coke has been slashed from 5 per cent to 'nil'. The tax on the export of iron ores and concentrates has been hiked to 50 per cent, from 30 per cent, while that on iron pellets a 45 per cent duty has been imposed.
HIGHLIGHTS • Removes rebate on export of 146 steel products from May 1 • Cuts import duty on pig iron, crude steel, recycled steel to zero • Ups export duty on high silicon steel, ferrochrome, foundry pig ironChina has announced the removal of VAT rebates on exports of 146 steel products from May 1, a move the market had been widely anticipating since …
Cuts customs duty on coking coal and ferronickel; hikes duty on iron ore exports by up to 50 per cent. SENSEX 77,580.31 -110.64 ... While import duty on naptha has been cut to 1 per cent, from 2.5 ...
The import duty on ferronickel, coking coal, PCI coal has been cut from 2.5 per cent, while the duty on coke and semi-coke has been slashed from 5 per cent to 'nil'. Benchmarks Nifty 23,604.50 45.46
For the 1st quarter of this year, China's iron ore imports hit a Q1 record. Altogether, prices climbed nearly 10% from January to March, reaching 29.3 million tons (MT). Indeed, March alone saw ...
In the case of iron ore lumps and fines with more than '58 per cent Fe', the rate of duty will be 30 per cent. Exports of iron ore pellets will attract NIL export duty.
The government has cut the export duty on steel products and iron ore with effect from Saturday in order to provide a fillip to the domestic steel industry and boost exports.
Duty moves to cut steel exports by 40% in FY23: CRISIL The export of finished steel had reached a record high of 18.3 mt in the 2021-22 financial year and the prices were at their all-time high
2. Cuts import duty on pig iron, crude steel, recycled steel to zero. 3. Ups export duty on high silicon steel, ferrochrome, foundry pig iron. China has announced the removal of VAT rebates on exports of 146 steel products from …
India Business News: Government has reduced the export duty on iron ore pellets to zero from 5%, a move that will make the commodity more competitive amid subdued demand a
To reduce the cost of domestic production of steel products, import duty on coking coal and anthracite has been reduced from 2.5% to zero while the same on coke and semi …
NEW DELHI, Nov 19: The Government has cut the export duty on steel products and iron ore with effect from Saturday in order to provide a fillip to the domestic steel industry and boost exports. Besides, import duty on anthracite, coking coal and ferronickel — used as raw material in the steel industry — has been hiked, as per a Finance Ministry notification issued …
Exports of pig iron & steel products classified under HS 7201, 7208, 7209, 7210, 7213, 7214, 7219, 7222, and 7227 will also attract zero duty.
The import duty on ferronickel, coking coal, PCI coal has been cut from 2.5 per cent, while the duty on coke and semi-coke has been slashed from 5 per cent to 'nil'. ... export duty on iron ore ...
Iran exported 5.68 million tonnes of iron ore to China in the first quarter, but that still amounted to only 3 percent of China's total iron ore imports. By comparison, China took in 89.8 million tonnes in the first quarter from Australia, its top iron ore supplier, up 8 …
A. Changes in Import Duty S. No. HSN Code: Commodity Description: Effective Old Rate (%) ... whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape: 5: 2.5: ↓: 26: 2530 90 91: Strontium sulphate (natural ore) 5: Nil:
Export of iron ore pellets are legal and export duty cannot be evaded by private firms when the levy has been fixed at zero, the Union government has submitted in the Supreme Court while seeking ...
The Central Government has restored the status quo as was prevailing prior to 22 nd May,2022 and withdrawn the export duty on iron ores lumps & Fines below 58% Fe content, iron ore pellets and the specified steel products including pig iron. The import duty concessions on Anthracite / PCI coal, coking coal, coke & semi coke and ferronickel have also been withdrawn.
In a separate announcement, the ministry also cut the import duty on pig iron, crude steel and recycled steel — its term for what overseas markets call ferrous scrap — to zero from May.
Cuts import duty on pig iron, crude steel, recycled steel to zero. ... In a separate announcement, the ministry also cut the import duty on pig iron, crude steel and recycled steel -- its term for what overseas markets call ferrous scrap -- to zero from May. ... and as prices of seaborne iron ore reached a record high. "The measures will reduce ...
In a separate announcement, the ministry also cut the import duty on pig iron, crude steel and recycled steel -- its term for what overseas markets call ferrous scrap -- to zero from May.
Adjusting Turkey import scrap to iron ore on an iron basis, and assuming 88% Fe for HMS 1/2 (80:20) and 62% Fe for iron ore, the equivalent iron-adjusted ratio for January-April was 1.864 ...
Business News: New Delhi, Nov 19 (PTI) Six months after imposition of the levy, the government has cut the export duty on steel products and iron ore with effect fro
The Government has with effect from 19 November 2022 rolled back export duty on iron ore pellets and steel products, including pig iron, flat-rolled products of carbon steel and stainless steel, bars, rods and non-alloy steel, vide Notification No. 58/2022-Customs, dated 18 November 2022. Export duty on iron ores with a grade higher than 58% has been reduced …
