<h1>Government Revises Export and Excise Duties: 15% on Iron Ore, Higher for Long Steel, Increased Car Duties.</h1> The government has revised export and central excise duties. Export duty on iron ore is now a uniform 15% ad valorem, regardless of iron content, to conserve high-quality ore for domestic use. Export duties on flat-rolled steel products have been removed, while duties on long steel products have increased to 15%. Central excise duty on large cars, MUVs, and SUVs with engine capacities over 1500 cc has increased, with specific duties of Rs.15,000 for 1500-1999 cc and Rs.20,000 for 2000 cc and above, in addition to the existing 24% ad valorem rate. These changes are effective immediately.