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Export of Iron Ore through MMTC.

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....xport of Iron Ore through MMTC. <br>News and Press Release<br>Dated:- 19-3-2012<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 19-March-2012 17:00 IST Export o....

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....f Iron Ore through MMTC Under the extant Foreign Trade Policy, export of iron ore with Fe content 64% and above (except iron ore of Goa & Redi origin) is under the State Trading Regime through MMTC L....

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....imited. However, the feasibility of nodal agency operation, as an interim measure, to cover exports of most grades of iron-ore as an accounting procedure is under examination, to enforce legitimacy an....

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....d tighter regulation of iron-ore exports and compliance with mining regulations. Procedures for end-to-end monitoring of mineral movement (from mining stage to end-use/export) and mandatory registrati....

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....on of and reporting by all stakeholders would help to establish the traceability of the ore thereby ensuring that it is sourced through legal mining operations. To ensure domestic availability of iro....

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....n ore, Government has raised the ad-valorem export duty on iron ore lumps and fines to 30% and imposed differential railway freight on iron ore meant for export. This information was given by Ministe....

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....r of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply to a question raised in Lok Sabha today. DS/GK<BR> News - Press release - PIB....