Mining Industry is in danger – Part-7

The export duty rates in India are again on the heights which are ranging from 10% to 20% for Ore extracted and 10% to 40% for processed ore. The rates are 10% for refined metals. Mica has the highest export duty of 40% with no exemption. The export duty on iron ore and concentrates has the export duty of 30% with an exemption of 20% resulting in the effective rate of 10%.

International Comparison of Taxes on Mining Exports: 2012

Country	Ore extracted	Processed ore	Refined metal
Argentina	5.00%	5.00%	5.0% – 10.0%
Australia	N/A	N/A	N/A
Brazil	0%	0%	0%
Canada	N/A	N/A	N/A
Ghana	N/A	N/A	N/A
India	10% – 20%	10% – 40%	10%
Philippines	N/A	N/A	N/A
Russia	depends	depends	depends
South Africa	N/A	N/A	N/A
Ukraine	N/A	N/A	N/A
United Kingdom	N/A	N/A	N/A
United States	N/A	N/A	N/A

Source:  (Basic data) PricewaterhouseCoopers, 2012