iron ore royalty and excise duty

Pan masala, gutka to cost more as govt raises duty Times

Pan masala, gutka to cost more as govt raises duty Times

Jan 28, 2014 · Pan masala, gutka to cost more as govt raises duty The government has also decided to impose a 5% export duty on iron ore pellets in

Report of the Comptroller and Auditor General of India on

Report of the Comptroller and Auditor General of India on

Nonrealisation of differential State Excise Duty on annual closing stock of IMFL/Beer 3.5.1 45 Nonrealisation of State Excise Duty on short lifting Short levy of royalty on iron ore due to incorrect assessment 6.5.5 130 Short levy of royalty on steam coal 6.5.6 130 GLOSSARY 133 .

Iron and steel industry in India Wikipedia

Iron and steel industry in India Wikipedia

The government has also imposed an export duty of 30% on all forms of iron ore except low grades, which carry a duty of 10%, while iron ore pellets have an export duty of 5% to control adhoc exports of the items and to conserve them for the longterm requirements of the domestic steel industry.

Oil and gas taxation in Tanzania Deloitte

Oil and gas taxation in Tanzania Deloitte

For additional information regarding global oil and gas resources, please visit our website: 7.3 Excise tax 10 7.4 Stamp duty 10 7.5 Royalty 11 7.6 State and municipal 11 8.0 Employment taxes 11 Principal industries: agricultural processing (sugar, beer, cigarettes, sisal twine) mining (diamonds, gold, and iron), salt, soda ash, cement

Odisha illegal mining scam worth Rs. 59,203 cr. The Hindu

Odisha illegal mining scam worth Rs. 59,203 cr. The Hindu

Jan 27, 2014 · The Odisha illegal mining scam amounts to Rs. 59,203 crore and illegal iron and manganese ore amounting to 22.80 crore tonnes was extracted illegally from the state for almost a decade, the Shah Commi

Odisha invites fresh bids for 20 mines Outlook

Odisha invites fresh bids for 20 mines Outlook

The government has invited tender for 12 mineral blocks of iron ore, two manganese blocks and six iron ore and manganese blocks, according to the notifiion. Congress On Hiked Excise Duty on

Publiion 535 Business Expenses Mineral Property

Publiion 535 Business Expenses Mineral Property

However, unless you are an independent producer or royalty owner, you generally cannot use percentage depletion for oil and gas wells. iron ore, and certain oil shale, if from deposits in the United States the separately stated excise tax received by a mine operator from the sale of coal to compensate the operator for the excise tax the

Sleuths raid iron maker file case for Rs 30 cr duty

Sleuths raid iron maker file case for Rs 30 cr duty

Read more about Sleuths raid iron maker file case for Rs 30 cr duty evasion on Business Standard. Central excise officials today registered a case of alleged duty evasion of Rs 30 crore by a Kolkatabased iron and cement manufacturer firm and conducted searches

The Iron Ore Mines, Manganese Ore Mines and Chrome Ore

The Iron Ore Mines, Manganese Ore Mines and Chrome Ore

At the close of each month the duty of excise, levied under section 3, payable by the owner of the mine to the Central Government on the iron ore, 2[or manganese ore or, as the case may be, chrome ore] used by such owner during the month, in any metallurgical factory shall be calculated and recorded in the register maintained under clause (a).

Centre urged to withdraw export duty on pellets Business

Centre urged to withdraw export duty on pellets Business

Pellets also draw 12 per cent excise duty. Banerjee also urged the steel ministry to facilitate iron ore beneficiation to ensure lowquality iron ore is fully utilised by domestic steel plants. "I request the government to continue with the earlier policy of zero per cent export duty on pellets till the domestic steel sector, including public

FIMI seeks 30% duty on iron ore imports The Hindu

FIMI seeks 30% duty on iron ore imports The Hindu

Sep 26, 2018 · The Federation of Indian Mineral Industries (FIMI) has urged the government to impose 30 per cent import duty on iron ore and iron ore pellets to protect the domestic miners. It

How mining should benefit communities, states and centre

How mining should benefit communities, states and centre

Aug 22, 2014 · The Centre does levy a nominal excise duty on coal and we do need to firm up a general policy of levy of nominal excise duty on iron ore and other minerals, not so much to garner revenue as to boost multistakeholder oversight and supervision.

Grylls'' mining tax may be unconstitutional The West

Grylls'' mining tax may be unconstitutional The West

Nov 16, 2016 · Grylls'' mining tax may be unconstitutional. Tony Buti The West Australian. Wednesday, 16 November 2016 12:32PM the outcome if the High Court were to rule that the production rental levy is unconstitutional because it is really an excise duty masquerading as a levy. the State collects 25¢ for every tonne of iron ore mined or exported

Stockpile Measurement Services SGS

Stockpile Measurement Services SGS

• Iron ores Stockpile measurement is a technique to measure the volume and weight of commodity stockpiles. It is a scientific/ instrumental method, using Total Station equipment to determine the volume of the stockpile quantity. Any shape of stockpile can be measured as long as the whole surface is visible. The measurements (data from site) are

Karnataka ban led to pile up of 12 mn tonne of iron ore

Karnataka ban led to pile up of 12 mn tonne of iron ore

Karnataka ban led to pile up of 12 mn tonne of iron ore inventory royalty, and duties. Closure of the 166 iron ore mines in Karnataka''s Bellary, Chitradurga, and Tumkur districts since 2011

Excise duty on iron ore [Resolved] CAclubindia

Excise duty on iron ore [Resolved] CAclubindia

Aug 23, 2011 ·ಙ August 2011 Iunderstand that it will be charged as per the tariff rate but as per 4/2006 iron ore is exmpted from excise duty so please tell me wheather there is any excise duty on iron ore

Circular No. 192/02/2016Service Tax F.No. 334/8/2016TRU

Circular No. 192/02/2016Service Tax F.No. 334/8/2016TRU

Principal Chief Commissioners of Customs and Central Excise (All) Principal Chief Commissioners of Central Excise & Service Tax (All) excise duty, customs duty, Service Tax, State VAT, CST, income tax, wealth tax, coal mine or royalty payable on extracted coal which shall be taxable. 10. When does the liability to pay Service

Iron ore price hike by NMDC hits sponge iron makers in

Iron ore price hike by NMDC hits sponge iron makers in

The burden of royalty should not be passed on to iron ore consumers who are already paying Excise Duty /VAT. Worse, sponge iron producers do not get the benefit of MODVAT credit on royalty and

Mine the gap: Policy paralysis eroding India''s mining

Mine the gap: Policy paralysis eroding India''s mining

Oct 17, 2019 · The levy of 30% export duty on iron ore will discourage its export, but there is no export duty on pellets. So, it is prudent to have steel plants in close proximity to iron ore mines

26011110 Iron ore lumps (60% fe or more) India Import

26011110 Iron ore lumps (60% fe or more) India Import

Feb 23, 2020 ·� Iron ore lumps (60% fe or more) Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.

Highlights of Budget 200708 Rediff.com

Highlights of Budget 200708 Rediff.com

Export duty on iron ore and concentrate at the rate of Rs.300 per tonne. Export duty on Cromium proposed at Rs 2000 tonne. Smallscale industries excise duty exemption raised from Rs one crore to

Budget 2016: Govt to remove export duty on lowgrade iron ore

Budget 2016: Govt to remove export duty on lowgrade iron ore

Feb 29, 2016 · There is a 30% export duty on iron ore fines with Fe content of 58% and above and 10% for below this content. For iron ore lumps, the duty is a flat 30%. Current price for iron ore is around USD 3940 a tonne, excluding royalty, cesses and transport costs. By reducing the export duty to 10%, there is a good chance to find some takers for the ore.

Royaltypaid ore: transportation permits from today The

Royaltypaid ore: transportation permits from today The

Panaji: The state government has begun the process of granting permission to mining firms for the transportation of royaltypaid iron ore. This move will help resume mining activity, which has been halted in the state since March 2018 following a Supreme Court order, which quashed the renewal of

GST on Royalty paid to State Government for availing

GST on Royalty paid to State Government for availing

This article discusses the rate applicable on such mining rights granted and liability to pay GST on Royalty paid to the State Government for availing mining rights. For the purpose of understanding the questions involve, following relevant provisions of the GST law are highlighted:

Proposed WA iron ore tax could cost thousands of jobs

Proposed WA iron ore tax could cost thousands of jobs

Nov 14, 2016 · Proposed WA iron ore tax could cost thousands of jobs. WA Iron Ore Royalty Analysis, "is really an excise duty dressed up as a levy and if

Highlights of Budget 200708 Rediff.com

Highlights of Budget 200708 Rediff.com

Export duty on iron ore and concentrate at the rate of Rs.300 per tonne. Export duty on Cromium proposed at Rs 2000 tonne. Smallscale industries excise duty exemption raised from Rs one crore to

Economic Impact of Export Restrictions and Iron Ore

Economic Impact of Export Restrictions and Iron Ore

Oct 26, 2011 · Economic Impact of Export Restrictions and Iron Ore Shortages in India – Part Three as these industries pay excise duty, royalty and value

Oil and gas taxation in Tanzania Deloitte

Oil and gas taxation in Tanzania Deloitte

For additional information regarding global oil and gas resources, please visit our website: 7.3 Excise tax 10 7.4 Stamp duty 10 7.5 Royalty 11 7.6 State and municipal 11 8.0 Employment taxes 11 Principal industries: agricultural processing (sugar, beer, cigarettes, sisal twine) mining (diamonds, gold, and iron), salt, soda ash, cement

Impact of GST Rate on Iron and Steel Industry in India

Impact of GST Rate on Iron and Steel Industry in India

Sep 06, 2019 · Excise Duty – 12.5%. CST (Central sales tax) – 2%. As per abovementioned rates, the net tax applicable to the sale of iron and steel was around 20 per cent before July 2017. The same rate was applicable to the supply of goods made of these materials in most of the Indian States. Iron product manufacturers make use of iron ore and coal

FIMI seeks 30% duty on iron ore imports The Hindu

FIMI seeks 30% duty on iron ore imports The Hindu

Sep 26, 2018 · The Federation of Indian Mineral Industries (FIMI) has urged the government to impose 30 per cent import duty on iron ore and iron ore pellets to protect the domestic miners. It

METALS AND MINING IBEF

METALS AND MINING IBEF

FourthLargest iron ore Government changed customs and excise duty on certain mineral fuels & mineral oils. METALS AND MINING Metals and mining Iron and steel segment offers a product mix which includes hot rolled parallel flange beams and columns rails, plates, coils, wire

Bid Sheet karnataka.gov.in

Bid Sheet karnataka.gov.in

Vyasankere Iron Ore Mines, Hospet ML No. 2416 (6.678% Excise Duty [excisable invoice will be issued by MSPL Limited to buyer to avail CENVAT credit]). Office: MSPL Ltd., EOU I Baldota Enclave, Abheraj Baldota Road, Hospet 583 203 Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable. Indiive Fe%=64+/1 Page 2 of 5

Odisha illegal mining scam worth Rs. 59,203 cr. The Hindu

Odisha illegal mining scam worth Rs. 59,203 cr. The Hindu

Jan 27, 2014 · The Odisha illegal mining scam amounts to Rs. 59,203 crore and illegal iron and manganese ore amounting to 22.80 crore tonnes was extracted illegally from the state for almost a decade, the Shah Commi

Iron and steel industry in India Wikipedia

Iron and steel industry in India Wikipedia

The government has also imposed an export duty of 30% on all forms of iron ore except low grades, which carry a duty of 10%, while iron ore pellets have an export duty of 5% to control adhoc exports of the items and to conserve them for the longterm requirements of the domestic steel industry.

Highlights of Budget 200708 Rediff.com

Highlights of Budget 200708 Rediff.com

Export duty on iron ore and concentrate at the rate of Rs.300 per tonne. Export duty on Cromium proposed at Rs 2000 tonne. Smallscale industries excise duty exemption raised from Rs one crore to

Govt imposes export duty of 5% on iron ore pellets

Govt imposes export duty of 5% on iron ore pellets

"Considering the domestic requirement of iron ore pellets, the government has decided to impose an export duty of 5% on iron ore pellets," the finance ministry said in a statement.

Effect of an Indirect Tax on a Commodity (With Diagram)

Effect of an Indirect Tax on a Commodity (With Diagram)

Let us make an indepth study of the effect of an indirect tax on a commodity. The imposition of an indirect tax on a commodity such as a sales tax or excise duty causes the supply curve for that commodity to shift to the left because when a tax is imposed the cost of supplying the commodity to the market increases.

26011130 Iron ore fines (62% fe or more) Central Excise

26011130 Iron ore fines (62% fe or more) Central Excise

Jan 26, 2020 ·� Iron ore fines (62% fe or more) Search updated Central Excise Duty and Tariff of Years 2009, 2008, 2007 and 2006. Details of Modvat and cenvat.

Export duty on iron ore pellets raised excise up on

Export duty on iron ore pellets raised excise up on

Nov 23, 2017 · Exporting iron ore pellets will become costlier, as the Finance Ministry has raised the Customs duty. At the same time, excise duty (levied at the

METALS AND MINING IBEF

METALS AND MINING IBEF

3 Metals and Mining For updated information, please visit org India ranks 4th globally in terms of iron ore production. In FY17, production is likely to have reached 200 million tonnes of iron ore. India has around 8 per cent of world''s deposit of iron ore.

NMDC slashes iron ore prices by Rs 50 per tonne The

NMDC slashes iron ore prices by Rs 50 per tonne The

Mar 16, 2020 · The price of iron ore fines, which are inferior grade ore, has also been reduced by Rs 50 to Rs 2,860 per tonne. The revised prices exclude royalty, DMF (District Mineral Fund), NMET (National

How WA''s iron ore royalties went everywhere else The

How WA''s iron ore royalties went everywhere else The

WA''s share of the GST pie will be just 34 cents for every dollar raised. The loss is larger than the $37.8 billion in iron ore royalties collected by the State Government since 200607, and not far short of the $46 billion in total mining and energy royalties raised over that period.

Indian iron ore pellet plants seek excise duty cuts in

Indian iron ore pellet plants seek excise duty cuts in

The Indian iron ore pelletization industry has sought a reduction in excise duty to five percent from 12.5 percent at present in the forthcoming national budget later this week, in view of falling export prices, an official at the Pellet Manufacturers Association of India (PMAI) said on Wednesday, February 24.

Govt imposes export duty of 5% on iron ore pellets

Govt imposes export duty of 5% on iron ore pellets

"Considering the domestic requirement of iron ore pellets, the government has decided to impose an export duty of 5% on iron ore pellets," the finance ministry said in a statement.

Karnataka ban led to pile up of 12 mn tonne of iron ore

Karnataka ban led to pile up of 12 mn tonne of iron ore

Karnataka ban led to pile up of 12 mn tonne of iron ore inventory royalty, and duties. Closure of the 166 iron ore mines in Karnataka''s Bellary, Chitradurga, and Tumkur districts since 2011

Sleuths raid iron maker file case for Rs 30 cr duty

Sleuths raid iron maker file case for Rs 30 cr duty

Read more about Sleuths raid iron maker file case for Rs 30 cr duty evasion on Business Standard. Central excise officials today registered a case of alleged duty evasion of Rs 30 crore by a Kolkatabased iron and cement manufacturer firm and conducted searches