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Govt imposes 8% tax on iron-ore exports
November, 10th 2008

The government has imposed an 8% tax on overseas sales of iron ore fines, removing a flat tax of Rs200 a metric ton.

The government has imposed an 8% tax on exports of iron ore fines, removing a flat tax of Rs200 a metric ton, according to the reports.

Out of every 100 tons of iron ore produced in India, 60 tons are fines and the rest are lumps.

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