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of <h1>Finance Bill 2012: Amendment to Customs Tariff Act changes chromium ore export duty from fixed rate to 30% ad valorem.</h1> Clause 128 of the Finance Bill, 2012 proposes an amendment to the Second Schedule of the Customs Tariff Act. This amendment aims to change the export duty on chromium ore and concentrates from a fixed rate of 3000 per tonne to a variable rate of 30% ad valorem, as detailed in the Fourth Schedule.
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