
Vide notification dtd 21 May 2022, Central Govt has levied 50% export duty on the exports of all grades of iron ore. Goa’s ore largely being low grade (ie below 58%Fe), and not processed for steel making in the country, State of Goa has requested Ministry of Finance to consider ‘NIL’ export duty instead of 50% on the low grade iron ore exports, as was done since 2016. This is necessary for sustainable mining in the State.