Mining Industry is in danger – Part-7

The export duty rates in India are again on the heights which are ranging from 10% to 20% for Ore extracted and 10% to 40% for processed ore. The rates are 10% for refined metals. Mica has the highest export duty of 40% with no exemption. The export duty on iron ore and concentrates has the export duty of 30% with an exemption of 20% resulting in the effective rate of 10%.

International Comparison of Taxes on Mining Exports: 2012

 Country Ore extracted Processed ore Refined metal
Argentina 5.00% 5.00% 5.0% – 10.0%
Australia N/A N/A N/A
Brazil 0% 0% 0%
Canada N/A N/A N/A
Ghana N/A N/A N/A
India 10% – 20% 10% – 40% 10%
Philippines N/A N/A N/A
Russia depends depends depends
South Africa N/A N/A N/A
Ukraine N/A N/A N/A
United Kingdom N/A N/A N/A
United States N/A N/A N/A

Source:  (Basic data) PricewaterhouseCoopers, 2012

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