Mining industry disappointed as FM retains duty on exports of pellets

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Mining industry disappointed as FM retains duty on exports of pellets [1]

Investment of over Rs 35000 cr may be put on hold by industry

Finance minister P Chidambaram's move to retain 5 per cent duty on export of pellets has deeply disappointed the iron ore mining industry. The industry, which was expecting duty withdrawal in the interim budget 2014-15, said the industry might consider closing down existing units and put on hold investment to the tune of over Rs 35,000 crore.

Publication Date:

17/02/2014

Author(s): Mahesh Kulkarni [2]

Source: Business Standard (New Delhi) [3]

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Source URL: http://admin.indiaenvironmentportal.org.in/news/mining-industry-disappointed-fm-retains-duty-exports-pellets

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/mining-industry-disappointed-fm-retains-duty-exports-pellets
[2] http://admin.indiaenvironmentportal.org.in/category/author/mahesh-kulkarni
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/budget
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mineral-based-industry
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/exports
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/federation-indian-mineral-industries
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/iron
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/minerals