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Ambarish Mukherjee

New Delhi March 28 The Government is likely to provide some respite to the iron ore exporters by restructuring the export duty of Rs 300 per tonne imposed in the Budget.

Some Relief

As of now, an across the board export duty is being levied irrespective of the quality of ore. According to highly placed sources, the Government may provide some relief to those exporters who export lower grades of iron ore. "The export duty is here to stay. But given the situation the poorer grades that has 30 or 32 per cent iron content may be exempted or may be the quantum of duty could be revised," sources said adding that "if there is any concession it would be only for those ores that have no use in the country at present."

"Also there may be given some exemption to the iron ore mined in Goa which is also low grade ore," sources said.

Related Stories:
Govt to examine issue of export duty on iron ore
Sesa Goa begins iron ore export through New Mangalore port

More Stories on : Minerals | Exports & Imports | Steel

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