Revision of Export Duty Rates on Iron Ore

Lok Sabha

The export duty rate on iron ore fines has been reduced from 8% ad valorem to ‘nil’ and the export duty rate on iron ore lumps has been reduced from 15% ad valorem to 5% ad valorem w.e.f. 7.12.2008.

This information was given by Shri S.S. Palanimanickam, Minister of State for Finance in reply to a question raised by Shri Sugrib Singh, Shri Kishanbhai V. Patel and Shri Nand Kumar Sai in Lok Sabha today.

BSC/ MSHN/GN-321/08