Centre: No export duty on iron ore pellets since 2011

KT NEWS SERVICE. Dated: 10/9/2020 10:01:13 AM

NEW DELHI, Oct 8: The Government on Thursday clarified that the 30% export duty on the iron ore was waived since 2011 by then Finance Minister Pranab Mukherjee to promote the export of pellets as a value-added product.
As for the legal opinion of the deputy legal adviser in the Law Ministry on the notification dated 26.09.2014, the Department of Commerce said it has not been endorse yet by its senior officials and hence cannot be taken as the official legal view on this matter. The matter for final legal position is under consideration, it said.
It said export of the pellets was taking place even prior to change in export duty in 2011-12, furnishing the export data of the iron ore pellets since 2004-05. It said the export policy of iron ore pellets was amended through the notification on 26.09.2014 for the pellets produced by KIOCL from "canalised" to "free", but there was no change in the export policy for the pellets not manufactured by KIOCL.

 

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