ASSOCHAM calls for increasing export tax on iron ore - 20 Aug, 2008
It is reported that ASSCHAM has called for increasing export tax on iron ore as a reaction to increase of export tax by China on Coke from 25% to 40%.
Mr Sajjan Jindal president of ASSOCHAM told reporters that "China has increased export duty on coke and coking coal. I think India should do a similar thing. China's decision to hike duty on coke and coking coal would impact India's steel industry.”
He added that India should hike the export duty on iron ore not in response to what China has done, but even otherwise.
