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Perceived Road Revenue and Excise Tax Gap Not a Barrier To EVs 2 move to EVs. Conveniently Australia is a major consumer of mining equipment for coal and iron ore. Incentives in Australia could impact OEM design globally. Further, the eastern states grid is under enormous pressure to accommodate new solar and wind supplies.
Central Excise . 1. No refund of CENVAT credit under rule 5B to service providers providing manpower supply/ security services. Rule 5B of the CENVAT Credit Rules, 2004 provides that service providers, rendering notified reverse charge services, being unable to utilise the CENVAT credit availed on inputs and input services for payment of service tax on such output services, shall be …
26011150 - Iron ore concentrates Search updated Central Excise Duty and Tariff of Years 2009, 2008, 2007 and 2006. Details of Modvat and cenvat.
HS Code Of 26011150, Iron Ore Concentrates, Indian HS Classification 26011150, Harmonised Code 26011150, Duty Structure Iron Ore Concentrates
Jan 28, 2014, 03:10 AM IST. Source: PTI. New Delhi: The government on Monday imposed a five percent export duty on iron pellets, a critical raw material for the steel industry, and raised excise duty on pan masala, gutkha and chewing tobacco. "Considering the domestic requirement of iron ore pellets, the Government has decided to impose an ...
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 …
No Central excise duty is leviable on iron ore concentrate.2. ... The appellant had paid excise duty under protest for the financial year 1999-2000 as the price was not finalized by the oil companies so the appellant undertook to pay the differential duty, if any, on fixation of exact price. ...
NEW DELHI: The government today imposed a five per cent export duty on iron pellets, a critical raw material for the steel industry, and raised excise duty on pan masala, gutkha and chewing tobacco. "Considering the domestic requirement of iron ore pellets, the Government has decided to impose an export duty of 5 per cent on iron ore pellets," the Finance Ministry said.
All iron ore of Fe content upto 64% Free .. 77 : 2601 11 50 : Kg : Iron ore concentrate prepared by benefication and/or concentration of low grade ore containing 40 percent or less of iron produced by Kudremukh Iron Ore Company Limited : STE : Kudremukh Iron Ore Company Limited, Bangalore: 78 : 2601 12 10 : Kg
One of the items described in this notification is 'Ores' which is mentioned at Sl. No.4 and the excise duty payable is Nil. In case, the aforesaid goods imported by the assessee, namely, 'Ore Concentrate' falls within the aforesaid entry, as a fortiori, no CVD would be payable on the import of this item.
The tax on other iron-bearing material shall be imposed on the current year production. The rate of the tax imposed is the current year's tax rate. (f) If the tax or any part of the tax imposed by this subdivision is held to be unconstitutional, a tax of $2.56 per gross ton of merchantable iron ore concentrate produced shall be imposed.
The Philippines is situated along a well-defined belt of volcanoes called the Circum-Pacific Rim of Fire where the process of volcanism and plate convergence resulted in the formation of abundant and important metallic mineral deposits of gold, copper, iron, chromite, nickel, cobalt and platinum.
Mining excise tax . The tax on each mine site is the greater of (1) the value of facilities and equipment multiplied by 0.005; or (2) ... Additional tax of 3¢ per gross ton of merchantable iron ore concentrate for each 1% that the iron content of the product exceeds 72% when dried at 212 degrees Fahrenheit. Direct reduced ore—different rate ...
Moreover, there is clear-cut provision under Section 35-B to file appeal. It is available from the contention of the petitioner that in an earlier occasion when the petitioner manufactured the same product, the petitioner was served notice by the Department in the year 1996 asking to pay duty as same was iron ore concentrate chargeable to duty.
Classified ad valorem real and personal property tax. 1 Minn. Stat. § 273.13 (1945). Iron ore is classified at 50% of "full and true value," business prop-erty at 40%o, and agricultural real estate at 33Y3%. (2) Mining occupation tax. 1 Minn. Stat. § 298.01 (1945). A privilege or excise tax on tonnage
Central excise was levied on concentrated iron ore. Service tax on payments made for leasing rights. Customs duty on export of iron ore. The tax department wants to understand these transactions and verify if the tax liabilities have been discharged, said the official cited earlier.
15. 72 or 73 Iron and steel products 75 Iron ore 16. Any chapter Goods other than those 36 Any goods mentioned above in S.Nos.1 to 15 _____ Provided that where the duty payable on value addition exceeds the duty paid by the manufacturer on the said excisable goods, other than the amount paid by utilization of CENVAT credit during the month, the ...
Samarco Mineracao S.A. (Samarco) is a non-operated joint venture iron ore operation. BHP Billiton Brasil and Vale each hold a 50% shareholding in Samarco. Following the Fundão dam failure in 2015, operations at the iron ore operation have resumed without the need of tailings dams and with a new, safer filtration system.
75 China HS Code Chapter-26, Iron Ores concentrates in roasted iron pyrites. …
8752110.6 OUTLINE OF ARGUMENTS (In support of the Amended Motion by the Monitor for Directions with Respect to Setoff and Damage Payment Input Tax Credits) Motion #741 1. INTRODUCTION 1. Through the present Outline of Arguments, Cliffs Quebec Iron Mining ULC (hereinafter, "CQIM"), The Bloom Lake Iron Ore Mine Limited Partnership and
Chrome Ore Mines Labour Welfare Cess Act, 1976(No. 55 of 1976), the Central Government hereby fixes, with effect from 1st August, 1990, the rate of one rupee per metric tonne as the rate at which the duty of excise and duty of customs on all iron ore produced …
Subdivision 1. Imposed; calculation. (a) For concentrate produced in 2013, there is imposed upon taconite and iron sulphides, and upon the mining and quarrying thereof, and upon the production of iron ore concentrate therefrom, and upon the concentrate so produced, a tax of $2.56 per gross ton of merchantable iron ore concentrate produced therefrom.
One of the items described in this notification is 'Ores' which is mentioned at Sl. No.4 and the excise duty payable is Nil. In case, the aforesaid goods imported by the assessee, namely, 'Ore Concentrate' falls within the aforesaid entry, as a fortiori, no CVD would be payable on the import of this item.
ORDER V.K. Agrawal, Member (T) . 1. The common issue involved in all these appeals, arising out of different orders, is whether the product in question is "Iron Ore" or ''Iron Ore Concentrate" chargeable to Central Excise duty under Heading 26.01 of the Schedule to the Central Excise Tariff Act.. 2.1 The learned Departmental Representative submitted that the Respondents are mining iron ore ...
EXCISE TAX HIERARCHY ISSUE DECISION CASE LAW Whether it is necessary that ... materials from iron ore, i.e., mining iron ore from mines and then subjecting to process of crushing, grinding, screening and washing with a view to remove foreign materials to concentrate such ores do not result in manufacture of different commercial commodity. ...
Ore Rotainers- B Type. Intermodal Solutions Group (ISG) is the Global market leader in the design and manufacture Open Top Containers (Rotainers) for a wide range high density dry bulk cargo such as: This shipping container has been designed, manufactured and tested for operation with Rotating Spreaders (Tipplers) in the global market, and is ...
If manufactured out of rails on which duty of excise has been paid and no credit of duty paid on such rails has been taken under rule 3 or rule 11 of the CENVAT Credit Rules, 2002. 12. If such goods are not produced or manufactured by a manufacturer who produces or manufactures copper from copper ore or copper concentrate. 13. If,-
No Central excise duty is leviable on iron ore concentrate. 2. Whether the addition and mixing of polymers and additives to base bitumen results in ... and CRMB were exigible to excise duty, as bitumen is classifiable under Chapter sub heading 27132000, and polymer is classifiable under Chapter sub heading the 39019000, while ...
No Central excise duty is leviable on iron ore concentrate. 2. Whether the addition and mixing of polymers and additives to base bitumen results in the manufacture of a new marketable commodity and as such exigible to excise duty? CCE v. Osnar Chemical Pvt. …
Basic Customs Duty is being reduced to 2.5 per cent for the equipments required for setting up or substantial expansion of iron ore pellet plants & iron ore beneficiation plants.
Without iron ore from the Iron Range, we cannot make the safe, sustainable steel our customers and consumers rely on. Iron ore is mined from the Iron Range by removing surface material and then drilling and blasting the rocks that contain iron. The haul trucks then take the material to the crusher and onto the grinding mills.
med on the basis of Chapter Note 4 of Chapter 26 of CETA, 1985 inserted w.e.f. 01.03.2011. He has argued that a cumulative reading of Boards Circular dated 17.02.2012, Chapter Note 4 to Chapter 26 of CETA,1985, HSN Explanatory Notes, clarification issued by the Ministry of Mines, it would be clear that excise duty is leviable only when a part or all of the foreign matters contained in the ores ...
the iron contents of iron ore do not increase in any way. The Revenue wants to levy duty on the iron ore excavated by the SAIL on the ground that the mined iron ore on being subjected to crushing, grinding, screening and washing becomes iron ore concentrate which is covered by Heading 26.01 of the Tariff. Heading 26.01 of the Central Excise
Such reduction will help to encourage enrichment of low-grade iron ore. Steel sector – T o reduce basic customs duty on from 7.5 per cent to 5 per cent on coating material for manufacture of electrical steel and from 2.5 per cent or 7.5 per cent to Nil on nickel ore and concentrate and nickel oxide/ hydroxide. Such Reduction will give a ...
Australia v Hamersley Iron Pty. Ltd. (No. 1): for example, State stamp duty, imposed on receipts tendered in respect of thr payment of monies for iron ore shipments, was held to be an excise only by a statutory maj~rity.~ Even with individual Justices, lack of logical consistency has been evident.
Iron ore concentrate production by giant Iranian companies up. ... Azerbaijan revises excise duty rates on tobacco products Economy 15:07. ... Azerbaijani MPs offer to raise state duty for ...
Notification No. 146/2009 - Dated: 24-12-2009 - Exempts iron ore fines from Customs duty when exported out of India; Notification No. 79/2008 - Dated: 13-6-2008 - Export duty on iron ores and concentrates, all sorts (except iron ore fines) Notification No. 66/2008 - Dated: 10-5-2008 - Exemption for Iron and steel and Basmati Rice when exported
M/s Tata Sponge Iron Ltd in Bhubaneswar-II Commissionerate, engaged in manufacture of sponge iron, availed cenvat credit of RS. 2.11 crore on iron ore concentrate purchased during April 2008 to March 2009. Since the iron ore concentrate was exempt from duty, availing cenvat credit on the concentrate by the assessee was irregular.
Precious metals – 3.10 Excise duty on serially numbered gold bars, other than tola bars, when manufactured from the ore/ concentrate stage is being reduced from Rs.280 per 10 grams to Rs.200 per 10 grams.