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    iron investing

    India Raises Taxes 30% on Iron Ore

    Investing News Network
    Jan. 03, 2012 03:38PM PST
    Base Metals Investing

    IBTimes reported Indian iron ore miners cautioned federal authorities total shipments of iron ore will drop following a 30% increase in iron duties.

    IBTimes reported Indian iron ore miners cautioned federal authorities total shipments of iron ore will drop following a 30% increase in iron duties.

    As quoted in the market news:

    Effective Dec. 30, India’s Ministry of Commerce hiked the export duty tax to 30 per cent from 20 per cent on both iron-ore fines and lumps, an order posted on the Central Board of Excise and Customs website said on Monday.

    Click here to read the full IBTimes report.

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