+
Goa requests MoF to levy nil export duty on low-grade iron ore
Steel

Goa requests MoF to levy nil export duty on low-grade iron ore

The Goa government urged the finance ministry to bring down the duty on low-grade iron ore to nil.

Days after the Centre increased the duty on exports of iron ore to 50%, Chief Minister Pramod Sawant met Union Finance Minister Nirmala Sitharaman urging her to impose nil duty on low-grade iron ore on Monday.

In a bid to raise domestic availability, the Centre has increased the duty on iron ore exports to 50%.

In a statement issued last evening, the chief minister's office said vide notification dated May 21 that the Centre has imposed a 50% duty on exports of all grades of ore.

Goa's ore mainly being low grade and not processed for steel making in the nation, the state has urged the Ministry of Finance to consider nil export duty rather than 505 on low-grade iron ore exports, as was done since 2016, the CMO said.

The state government further told the media that this is required for sustainable mining in Goa.

In Goa, the iron ore mining industry has come to a halt since March 2018 after the Supreme Court stopped all mining leases.

Image Source

Also read: Govt waives customs duty on imports of certain raw materials

The Goa government urged the finance ministry to bring down the duty on low-grade iron ore to nil. Days after the Centre increased the duty on exports of iron ore to 50%, Chief Minister Pramod Sawant met Union Finance Minister Nirmala Sitharaman urging her to impose nil duty on low-grade iron ore on Monday. In a bid to raise domestic availability, the Centre has increased the duty on iron ore exports to 50%. In a statement issued last evening, the chief minister's office said vide notification dated May 21 that the Centre has imposed a 50% duty on exports of all grades of ore. Goa's ore mainly being low grade and not processed for steel making in the nation, the state has urged the Ministry of Finance to consider nil export duty rather than 505 on low-grade iron ore exports, as was done since 2016, the CMO said. The state government further told the media that this is required for sustainable mining in Goa. In Goa, the iron ore mining industry has come to a halt since March 2018 after the Supreme Court stopped all mining leases. Image Source Also read: Govt waives customs duty on imports of certain raw materials

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code