iron oreroyalty and excise duty

Govt's excise collection jumps 48% in April-July; already ...

Sep 05, 2021· Excise duty on petrol was hiked from Rs 19.98 per litre to Rs 32.9 last year to recoup gain arising from international oil prices plunging to multi-year low as pandemic gulped demand.


Auction Catalog Report - MSTC Limited

Manganese Ore:Royalty-4.2%; Excise duty-Presently not applicable, however if applicable at a later date the same shall be extra as applicable.; 4% will be charged for the Buyers from Maharashta State as VAT and 2% CST will be charged for the Buyers from other states. 14.


Franco-Nevada Provides Iron Ore Royalty Publicity | TAX ...

Apr 19, 2021· Investment in Labrador Iron Ore Royalty Corporation Franco- Nevada has accumulated holdings of 6.3M common shares of LIORC (9.9% of total issued). The investment in LIORC functions similar to a royalty given the flow through of revenue generated from LIORC's underlying 7% gross overriding royalty interest, C$0.10 per tonne commission, and 15 ...


Articles of iron or steel - Customs

Articles of iron or steel Customs. Notification No. 29/2021 - Dated: 7-5-2021 - Seeks to amend notification No. 07/2017-Customs (ADD), dated 17-02-2017, so as to extend the applicability of the said notification up to and inclusive of 31st October, 2021.


Auction Catalog Report - MSTC Limited

LOT Name :Iron ore Calibrated Lump: Qnty. 8000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Calibrated Lump Ore. Bidding basis concerned stack pile (N/FP/1L). Nadeem Minerals (Donimalai Range Sandur Taluk, Bellary District ML No. 2526. Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable. Indicative Fe%=59.5 to 60: 8000 ...


Valorem: Latest News & Videos, Photos about Valorem | The ...

Aug 01, 2018· Ad valorem to make ore royalty heavier 24 Jun, 2009, 01.04 AM IST. The government is close to finalising a new system of royalty payments for minerals which will double the revenue that states earn but increase the burden on companies that rely on raw materials such as iron ore.


Goods & Service Tax, CBIC, Government of India :: Sectoral ...

The duty free imports under GST regime will be restricted to Basic Customs Duty. Exemption from the additional duties of Customs, if any, under section 3(1), 3(3) and 3(5) of the Customs Tariff Act, 1975 and exemption from Central Excise duty will be available for goods specified under the fourth Schedule to the Central Excise Act.


Rate of GST - royalty paid to Government for mining of ...

Nov 11, 2019· Rate of GST royalty paid to Government for mining of Iron Ore for the period July 2017 to December 2018 The licensing services for the right to use minerals including its exploration and evaluation received by the Applicant is taxable @18% of GST


Proposed WA iron ore tax could cost thousands of jobs ...

Nov 14, 2016· Proposed WA iron ore tax could cost thousands of jobs. ... WA Iron Ore Royalty Analysis, ... "is really an excise duty dressed up as a levy and if …


Mining taxes for India may change in future | Haihao Pipe ...

Certain States also levy a "Cenarage fee". The federal Govenrment for its part levies excise duty on the resources produced. In addition, some minerals also attract some cesses like Clean Energy Cess, Cess on export of mica, iron ore,chrome etc. In such a economic situation all over the world, India maybe change the tax rate about the iron ore.


26011110 - Iron ore lumps (60% fe or more) India Import ...

Jul 27, 2021· 26011110 - Iron ore lumps (60% fe or more) Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.


GOVERNMENT OF SIERRA LEONE SUPPLEMENTARY GOVERNMENT BUDGET ...

Jul 17, 2018· The affected revenue streams include Goods and Services Tax (GST), Import and Excise duty on petroleum products and royalty on iron ore and excise duty on alcoholic beverages. 45. However, the strengthened enforcement of tax compliance, suspension of duty and tax exemptions and the implementation of the Treasury Single Account (TSA) in recent ...


Economy, Inflation, Micro Economy, Macro Economy ...

'Goa mines dept unable to explain iron ore royalty losses to PAC' ... The revenue received by the Government from the domestic automobile sector in the form of excise duty rose 33 per cent to ...


Tax Collected at Source ( TCS ) - TCS Tax Rates, Due Date ...

TCS Rates in India. Note that the interest charges for late payment of the TCS to the Government, for every month delayed is 1%. Type of Goods. Tax %. Liquor of alcoholic nature, made for consumption by humans. 1.00%. Timber wood when collected from a forest that has been leased. 2.50%.


Valorem News and Updates from The Economic Times - Page 1

Oct 06, 2018· Union Budget 2011: 20 per cent ad valorem to make iron ore dearer. 28 Feb, 2011, 01.58 PM IST. Aimed at discouraging iron ore exports, Finance Minister proposed to levy 20% ad valorem duty on all types of outbound shipment of the key steel making raw material.


granite slurry as partial replacement of fine aggregate

Engineering properties of granite slurry based geo,partially replacing granite slurry with fine aggregates.granite slurry in the powder waste form is used as a partial replacement. the granite slurry is replace%, 20% and 30% against fine aggregate. this study aims to reuse waste products from the granite industry as a significant substitute for the fine aggregate and to prepare concrete with


26011130 - Iron ore fines (62% fe or more) India Import ...

26011130 - Iron ore fines (62% fe or more) Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.


How mining should benefit communities, states and centre

Sep 09, 2014· The Centre does levy a nominal excise duty on coal and we do need to firm up a general policy of levy of nominal excise duty on iron ore and other minerals, not so much to garner revenue as to boost multi-stakeholder oversight and supervision. In a regime of value-added indirect taxes, with taxes only payable on the value added in each stage of ...


Ukraine - Corporate - Other taxes - PwC

Mar 01, 2021· The tax rate for the extraction of ferrous (except for iron ore), non-ferrous, and alloying metals has been increased from 5% to 6.25%. The tax rate of iron ore mining has been increased from 8% to 11% or 12%, depending on the average value of iron ore according to the IODEX index 58% FE CFR China for the reporting period.


Positive announcements will spur steel sector growth ...

Jul 12, 2014· Export duty on bauxite increased from 10% to 20% Investment linked deduction being extended to slurry pipelines for the transportation of iron ore …


Excise duty on iron ore [Resolved] | Excise

Aug 23, 2011· 25 August 2011 Iunderstand that it will be charged as per the tariff rate but as per 4/2006 iron ore is exmpted from excise duty so please tell me wheather there is …


Ease of Doing Business | Ministry of Steel | GoI

Currently, basic excise duty for steel is set at 14% and there is no export duty on steel items. The government has also imposed export duty of 30% on all forms of iron ore except low grade (below Fe 58%) iron ore lump & fines. Further iron ore pellets have nil export duty. Other Government Initiatives:


Chapter 72: Iron and Steel Central Excise Duty and Tariff.

7207. India Central Excise Duty of Semi-finished Products Of Iron Or Non-alloy Steel - Containing By Weight Less Than 0.20% Of Carbon : 7208. India Central Excise Duty of Flat-rolled Products Of Iron Or Non-alloy Steel, Of A Width Of 600 Mm Or More, Hot- Rolled, Not Clad, Plated Or Coated. 7209.


WEBINAR ON –" IMPACT OF GST ON MANUFACTURE SECTOR"

Excise Duty & Service Tax was collected by Central Tax Whereas VAT and other Taxes were collected by State Government Both Central & State Government will collect tax on supply of Goods as well as supply or services or both 6 Basic Exemption Excise Duty -upto Rs. 1.50 Crores Service Tax –Upto Rs. 10.00 lakhs GST –upto Rs . 20.00 lakhs


Big Dirt mulls legal challenge to WA iron ore levy ...

The definitional difference between an "excise duty" and "levy" is very vague indeed. But the levy is rendered as part of the WA royalty regime so the obvious defense is that it is some ...


Parliament unanimously approves president Bio's government ...

Jul 14, 2018· The affected revenue streams include Goods and Services Tax (GST), Import and Excise duty on petroleum products and royalty on iron ore and excise duty on alcoholic beverages. However, the strengthened enforcement of tax compliance, suspension of duty and tax exemptions and the implementation of the Treasury Single Account (TSA) in recent ...


NMDCs price cut fails to cheer steel makers | Business ...

NMDC's iron ore is still 53 per cent costlier than the material supplied by private miners at Odisha, who sell iron ore for Rs 1,800 per tonne. NMDC, the country's largest public sector iron ore producer, has reduced ore lump prices 11 per cent to Rs 3,750 a tonne and …


SUPREME COURT REPORTS [2011] 13 (ADDL.) S.C.R. [2011] 13 ...

factory from the excise duty leviable on such goods as specified in the schedule to the Central Excise Tariff Act, 1985. However, the Assistant Commissioner, Central Excise levied excise duty upon the assessee-appellant and imposed penalty of Rs.5,00,000/- on ground that the Notification was not applicable to the said Iron and Steel structures.


State Government Mining Royalties: Requited Taxes or ...

However to the extent that a payment taxes a step in the production of a good from the raw materials it could be argued that the payment constitutes a duty of excise. According to Quick & Garran [12] the fundamental conception of the term 'excise' is that of a tax on articles produced or manufactured in a …


26011110 - Iron ore lumps (60% fe or more) India Import ...

26011110 - Iron ore lumps (60% fe or more) Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.


Royalty paid in respect of mining lease provided by Govt ...

Sep 13, 2018· It extracts iron ore from fully mechanized mines provided by the Government of Chhattisgarh on lease. The applicant is liable to pay royalty in respect of mining lease under "Licensing services" for the right to use minerals including its exploration and evaluation.


Excise tax tariff changes for iron and steel under Indian ...

Jan 28, 2019· Central Excise Taxes for iron and steel as per Indian Budget . Customs Duty Changes under new Budget 2019-20, click here. After demonetization and before introduction of GST in India, the Budget 2017-18 is being presented on 1 st February, 2017 by union government. Unlike previous years, Railway Budget is also included with Budget 2017-18.


CUSTOMS AND EXCISE (DUTIES AND OTHER TAXES) ACT, …

CUSTOMS AND EXCISE (DUTIES AND OTHER TAXES) ACT, 1995 (ACT 502) ARRANGEMENT OF SECTIONS Section 1. Imposition of Duties and Other Taxes. 2. Imposition of Ecowas Duty Rates. 3. Imposition of Import Duties. 4. Imposition of Specific Duty. 5. Imposition of Sales Tax Subject to V.A.T. 6. Special Tax. 7. Concessionary Rates of Duty. 8. Import Duty ...


service tax mining royalty

service tax mining royalty, Income Tax, Goods and services Tax, GST, Service Tax, Central Excise, Custom, Wealth Tax, Foreign Exchange Management, FEMA, Delhi Value ...