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sesa sterlite says iron ore export tax needs to be scrapped

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India Needs to Scrap Iron Ore Export Tax as Prices Sink ...

2014-10-8 · India imposes a 30 per cent tax on iron ore exports, making it unviable for many domestic iron ore miners to sell overseas where prices have …

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Goa''s Ghost Mines: Face of iron ore mining set to change ...

2014-12-26 · "The days of large margins for iron ore miners are long gone," Sesa Sterlite CEO Tom Albanese told ET. And when mining does resume, it will remain under the Supreme Court''s temporary cap of 20 million tonnes of ore annually. This will be less than half of what was produced earlier.

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Sesa Goa: Mining for better prospects

2012-10-14 · Sesa Goa acquired a major stake in Western Cluster, a Liberian iron ore mining company, in an all-cash Rs 400-crore deal. Iron ore reserves at the Western Cluster are estimated at over a billion ...

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Iron and Steel industry news from all over the world

2015-2-2 · Sesa says iron ore exports tax could be scrapped before budget. 30 Jan 2015 Steel. Sesa Sterlite Ltd(SESA.NS) said on Thursday the government could remove an iron ore export tax as soon as next month, and such a move would help the country''s top private miner boost output after two y

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India needs to scrap iron ore export tax as prices sink ...

2014-10-8 · NEW DELHI/SINGAPORE (Reuters) - India needs to swiftly remove a tax on iron ore exports, the country''s top private miner of the commodity said, calling the duty an "economic barrier" in the face of falling global prices. The country''s iron ore shipments have already slowed to a trickle after a ban on mining in key producing states, with a 30 percent tax on exports …

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Iron Ore Export Tax: Latest News, Photos, Videos on Iron ...

 · Sesa Sterlite said on Thursday the government could remove an iron ore export tax as soon as next month, and such a move would help the country''s top private miner boost output after two years of ...

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Goa govt''s mining lease renewals to open Sesa''s 70% iron ...

Read more about Goa govt''s mining lease renewals to open Sesa''s 70% iron ore operations on Business Standard. With the Goa mines ministry set to renew mining leases of another 14 mines by end of next week, Sesa Sterlite, the Vedanta Group company, can expect to restart its iron ore operations soon."We should give renewal for the balance 14 iron ore mines by

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Metalworld News Roundup

2015-5-18 · This means that Sesa Sterlite, after the restructuring, will own 100 per cent of VAL. Tarun Jain, director (finance), Sterlite Industries said VAL has been valued at $473 million, or, Rs 2,332 crore which means Vedanta Resources'' 70.5 per cent stake is valued at around $300 million. This was invested six years ago.

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Sterlite''s Asarco Bid: Part of a Global Race for Natural ...

In 2007, it acquired India''s largest private sector iron ore company, Sesa Goa. With this acquisition, Vedanta''s revenue breakdown (for 2006) was 55% copper, 21% zinc, 11% aluminum, 10% iron ...

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Sesa Sterlite: Goa mining leases not a big catalyst ...

2014-8-20 · A sharp fall in global iron ore prices will also render Sesa''s ore exports unviable. Sesa''s Goa mines produce low grade (55-58 FE grade) ore, which is not consumed by Indian steel makers. Most of Sesa''s output was exported till the export tax was hiked to 30 per cent on pellets. In June, the price of low grade ore fell to $82 a tonne.

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Sesa to cut spending after fall in commodity prices

2015-1-29 · Sesa Sterlite Ltd said on Thursday it was taking steps to reduce operating and capital costs, the latest miner to address the impact of sharp falls in the prices of iron ore, crude oil and other commodities. The company, which posted a 15 percent drop in third quarter profit, also said it expected the Indian government to remove an iron ore export tax as soon as next month, a …

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Goa govt to take until March to renew iron ore mining ...

2014-11-10 · Last week, the Goa mines ministry renewed mining leases of 13 iron ore mines in the state. Of these, four belong to V. M. Salgaocar & Bros, two to Chowgule, and one mine to Sesa Sterlite among other companies. "Only those mines which had no major violations have received mining lease renewal last week, but all do not come under this.

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Sesa Goa inches towards resuming mining in Karnataka ...

Sesa Goa, a division of Sesa Sterlite, is moving towards resuming iron ore mining in Karnataka. The company, which had stopped mining following a Supreme Court ban in the state two years ago (later lifted), recently secured a working permit …

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Sesa Sterlite suggests solution for iron ore export issue ...

2014-7-4 · As a result, the country lost its prominence in iron ore export markets and is now regarded as a fringe player. India had exported 117 million tonnes (MT) of iron ore in 2009-10, which fell to 14 ...

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Sesa Sterlite Ltd vs Cc Pune on 2 November, 2018

2018-11-6 · Custom, Excise & Service Tax Tribunal Sesa Sterlite Ltd vs Cc Pune on 2 November, 2018Bench: Sanjiv Srivastava, D. M. Misra IN THE CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL WEST ZONAL BENCH AT MUMBAI COURT No. I APPEAL No. C/89765,90086/2014 (Arising...

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Centre likely to scrap 10 % export tax on low-grade iron ore

2016-1-6 · Updated: November 18, 2016 08:44 IST. China also decided to slash by half export taxes on high-grade pig iron ore to 10 % from Jan. 1. Over 85 per cent of the iron ore …

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The Goa Foundation Vs. M/s. Sesa Sterlite Ltd. & Ors.[ALL ...

2018-3-3 · "The production of iron ore has jumped from 14.6 million tons in 1941 to 41.17 million tons in 2010-2011. In 1980s the production was about 10 MT/annum. The quantum jump in iron ore production in Goa was essentially due to steep rise in exports of fines and other low grade ore of 42% Fe content to China.

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Sesa says iron ore exports tax could be scrapped before …

2015-1-29 · Sesa Sterlite Ltd(SESA.NS) said on Thursday the government could remove an iron ore export tax as soon as next month, and such a move would help the country''s top private miner boost output after ...

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Sterlite to restart mining in Goa in 2 weeks

2015-1-19 · The price of ore with 63 per cent iron content has fallen to $55 a tonne from $175 a tonne, while the price of Goa ore with 56 per cent iron content has dipped to $35 a tonne.

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Sesa Goa | Latest & Breaking News on Sesa Goa | Photos ...

2015-12-18 · Vedanta Resources merged Sterlite Industries with Sesa Goa in August and renamed latter as Sesa Sterlite. Oct 24, 2013 08:52 PM IST Goa seeks SC nod to export mined iron ore

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Sesa says iron ore exports tax could be scrapped before …

2015-1-29 · Sesa Sterlite Ltd(SESA.NS) said on Thursday the government could remove an iron ore export tax as soon as next month, and such a move would help the country''s top private miner boost output after two years of mining bans. India''s iron ore shipments have slowed to a trickle after mining bans in key producing states. "We are very sure that the government are working …

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Goa''s Ghost Mines: Face of iron ore mining set to change ...

2014-12-26 · The cost has to come down, otherwise the industry is gone," says Aniruddha Joshi, Sesa Sterlite''s vice president, corporate affairs. Plying of mining trucks is currently permitted for only 12 hours a day. Like Sesa Sterlite, other miners in the state are not optimistic about the prospects of mining as and when it restarts.

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Higher royalties set to erode EPS of metal companies ...

2015-3-24 · Since royalty rates are highest for iron ore, zinc, lead and silver integrated metal companies, including Tata Steel, Hindustan Zinc, Sesa Sterlite, SAIL and iron ore miners like NMDC, will be the ...

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Sesa Goa Ltd | Financial Times

Executives at hedge fund Renaissance to pay $7bn in back taxes; ... Americans will ''likely'' need a booster to be fully vaccinated, Fauci says - as it happened ... India raises iron ore export ...

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Want to leverage the weak market, lower cost of drilling ...

2015-2-2 · Sesa Sterlite — the metals, mining and energy firm of the Anil Agarwal-led Vedanta Group — hopes to resume iron ore mining in Karnataka over the next couple of …

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Reopening based on mere Shah Commission Report not …

2021-5-24 · Sesa Sterlite Ltd. Vs ACIT (Bombay High Court at Goa) Section 147: Reassessment-After the expiry of four years-Shah Commission''s report- Cash credit -Under-invoicing -Merely on basis of Shah Commission''s Report opining that there was under-invoicing of export price by iron-ore miners and exporters, reassessment could not be initiated when there was nothing to …