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%|
|India||10% – 20%||10% – 40%||10%|
Source: (Basic data) PricewaterhouseCoopers, 2012