Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

Ministry Proposes Scrapping Export Tax On Goa Iron Ore

Mines Secretary Balvinder Kumar has written to the finance ministry about two weeks ago, but they are yet to get back

Photo Credit :

1454403141_As49a9_Mining_Goa_Reu.jpg

India's mines ministry has written to the finance ministry to propose scrapping a 10 per cent export duty on low-quality iron ore from Goa state, an official said, as miners urge the government to help boost sales amid a sharp fall in prices.

Mines Secretary Balvinder Kumar told Reuters he wrote to the finance ministry about two weeks ago, but they are yet to get back. Goa is known for low-grade ore used mainly by Chinese steel mills.

A finance ministry spokesman could not immediately be reached for comments.


Tags assigned to this article:
iron ore goa mining finance ministry