Made In India Iron Ore Pellets - No Export Duty
GOVERNMENT has scrapped the 5% export duty on Iron Ore Pellets. Notification No. 27/2011-Cus is amended to make the effective rate of export duty for iron ore pellets to 'nil'.
It was only on Saturday that KIOCL Limited (Kudremukh) chairman and managing director flagged off the first pellet shipment of 66,700 tonnes to Iran under 'Make in India' at the dedicated iron ore berth in New Mangalore Port. Speaking on the occasion, the Chairman said, "Our letter seeking zero export duty on pellets is being considered by the Centre."
The Government has indeed considered and stipulated zero export duty. It is not known whether the KIOCL shipment will get the exemption as the exemption is effective Monday.
Notification No. No., Dated January 04 2016