Export of Iron Ore through MMTC.

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..... Export of Iron Ore through MMTC. - News and Press Release Dated:- 19-3-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 19-March-2012 17:00 IST .....

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..... Export of Iron Ore through MMTC Under the extant Foreign Trade Policy, export of iron ore with Fe content 64% and above (except iron ore of Goa Redi origin) is under the State Trading Regime .....

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..... through MMTC Limited. However, the feasibility of nodal agency operation, as an interim measure, to cover exports of most grades of iron-ore as an accounting procedure is under examination, to enforc .....

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..... e legitimacy and tighter regulation of iron-ore exports and compliance with mining regulations. Procedures for end-to-end monitoring of mineral movement (from mining stage to end-use/export) and manda .....

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..... tory registration of and reporting by all stakeholders would help to establish the traceability of the ore thereby ensuring that it is sourced through legal mining operations. To ensure domestic ava .....

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..... ilability of iron ore, Government has raised the ad-valorem export duty on iron ore lumps and fines to 30% and imposed differential railway freight on iron ore meant for export. This information was .....

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..... given by Minister of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply to a question raised in Lok Sabha today. DS/GK - News - Press release - PIB Tax Management .....

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..... India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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