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of <h1>India Cuts Customs Duty on Iron Ore Fines to 5% Under Customs Tariff Act, 1975; Public Interest Cited</h1> The Government of India, through Notification No. 146/2009-Cus dated December 24, 2009, exempts iron ore fines from customs duty when exported from India. This exemption applies under Heading No. 11 of the Second Schedule to the Customs Tariff Act, 1975, reducing the duty to 5% ad valorem. This measure, enacted under the Customs Act, 1962, is deemed necessary in the public interest. The notification was later superseded by Notification No. 27/2011-Customs, dated March 1, 2011, which adjusted the effective rate of export duty on various items, excluding iron ore lumps, fines, pellets, and de-oiled rice bran cake.
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