India Raises Taxes 30% on Iron Ore
Investing News Network - January 3rd, 2012
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.