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  • How mining should benefit communities, states and centre

    Note that since 2009, mineral royalty has been levied ad valorem, in proportion to ore value. So, both the rate and the ore prices are crucial to work out the quantum of the levy. True, prior to 2009, the specific royalty rates on iron ore (of various grades) were as miserably low as Rs 11 per tonne.

  • Iron ore export duties: Regressive and counterproductive

    Jul 22, 2014· Previously, there were different duty levels for various types of iron ore at varying points in time. There was a time when the rates of export duty for iron ore fines were 5% and lumps 15%.

  • Royalty on Iron ore -An overview with a special reference

    Panchayat tax) and stamp duty. The royalty is a variable return and it varies with the quantity of minerals extracted or removed. Royalty in strict sense and Karnataka and Goa due to new rate of iron ore royalty. The state-wise revenue accrual by way of royalty for iron ore

  • Excise duty on iron ore [Resolved] CAclubindia

    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 any excise duty on iron ore

  • State Government Mining Royalties: Requited Taxes or

    To the extent that a royalty payment secures access to the particular resource, by which I mean the extraction of raw materials [ores], it is requited and therefore not a duty of excise. 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

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

    India Central Excise Duty of Granules and powders, of pig iron, spiegeleisen, iron or steel: 7206: India Central Excise Duty of Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203) 7207: India Central Excise Duty of Semi-finished Products Of Iron Or Non-alloy Steel Containing By Weight Less Than 0.20% Of

  • Royalty on Iron ore -An overview with a special reference

    Panchayat tax) and stamp duty. The royalty is a variable return and it varies with the quantity of minerals extracted or removed. Royalty in strict sense and Karnataka and Goa due to new rate of iron ore royalty. The state-wise revenue accrual by way of royalty for iron ore

  • Iron ore export duty should be rolled back The Hindu

    Mar 12, 2018· The hike in export duty on iron ore in two phases in 2012 will have severe implications for the iron ore industry. In the first phase, duty was raised to a

  • Excise duty on iron ore [Resolved] CAclubindia

    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 any excise duty on iron ore

  • State Government Mining Royalties: Requited Taxes or

    To the extent that a royalty payment secures access to the particular resource, by which I mean the extraction of raw materials [ores], it is requited and therefore not a duty of excise. 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

  • Proposed WA iron ore tax could cost thousands of jobs

    Nov 14, 2016· The Deloitte report, WA Iron Ore Royalty Analysis, [i.e. tax] “is really an excise duty dressed up as a levy and if the High Court held that that was the case,

  • Customs India Online

    Several references have been received in the Board highlighting divergent practices for calculation of iron contents from Iron Ore being followed at different Ports for charging Export duty. In this regard two types of calculation methods are being followed i.e. on the basis of Wet Metric Ton (WMT) and other on the basis of Dry Metric Ton (DMT).

  • U.S. GAO Hardrock Mining: Updated Information on State

    Jul 16, 2019· GAO identified state laws and regulations governing state-assessed royalties and taxes on hardrock mining operations in twelve western states: Alaska, Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming. In contrast to the federal government, these states charge royalties for hardrock minerals extracted from public lands.

  • Service Tax on Mining Royalty TaxGuru

    Nov 13, 2019· In terms of Notification No. 30/2012-ST dated 20.06.2012 read with amended Notification No. 7/2015-ST dated 01.03.2015 Central Government imposed the service tax on mining royalty under reverse charge. Under reverse charge, business houses have to pay Service Tax on the amount of mining royalty paid to the Government.

  • Rapid Revision on Central Excise

    Levy of special Excise duty on cigarettes were removed between 1.3.1978 and 12.3.1978. Cigarettes were manufactured during that period i.e., Prior to 12.3.1978 name, character or use. The use of iron ore as mined or iron ore after the process undertaken by the assessee remained the same. Hence, the said process is not manufacture.

  • Mineral Royalties

    It applies one of three royalty rates depending on the form in which the mineral is sold (ore, concentrate or final form), and the extent to which it is processed. Specific rate royalties, calculated at a rate per tonne of production, generally apply under the Mining Regulations 1981 to low value construction and industrial minerals.

  • Sec. 93.20 MN Statutes

    Subdivision 1. Required provisions. Except as otherwise provided by law, the body of every lease for mining iron ore belonging to the state shall consist of the provisions set forth in subdivisions 4 to 36, omitting subdivision headings, with such insertions, changes, or additions as may be necessary to incorporate the royalty rates and other particulars applicable to each case or as may be

  • Waveerk

    To give a fillip to domestic manufacturing, the Modi government on Thursday extended exemption from customs and excise duty on all raw materials and parts used in shipbuilding, which were [] READ MORE > Export duty on iron ore pellets may go. The 5% export duty on iron ore pellets might go.

  • WA at risk of losing millions in iron ore mining fees if

    Oct 27, 2016· The iron ore production rental levy was introduced in WA State Agreements with major iron ore miners in the 1960s Under the agreement, the

  • Supreme Court extends time till January, 2021 to Goa

    Oct 13, 2020· In a relief to mining firms, the Supreme Court on Tuesday extended time till January 31, 2021 to them to transport “royalty paid” iron ore, mined