The Centre may impose export duty on iron ore exports at a level acceptable to steel makers, said Anwarul Hoda, member Planning Commission and head of committee set up to review the minerals and mining policy.
He said that the level of export duty would be determined after a consultation process. Hoda was speaking on the sidelines of IMME 2006, a mining summit organised by the Confederation of Indian Industry.
The Hoda committee has recommended that export duty be levied on exports of iron ore in lump form with iron content above 65 per cent. However, the steel industry wants duty on ore having iron content of 62 per cent and above.
Or may be no!
Another report says
A high-powered Committee of Secretaries (CoS) has failed to arrive at a consensus on the controversial issue of restricting iron ore exports from the country and has put the ball back in the government’s court.
In a recent CoS meeting, “it was decided that since it is not possible to reach a consensus on restricting ore exports, the same may be decided by the government appropriately,” official sources said.
No comments:
Post a Comment