
Mining Industry is in danger – Part-7
Beach Minerals
Feb 01 2017
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
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