The Centre has restored the status quo as was prevailing prior to May 22 and withdrawn the export duty on iron ore lumps and fines below 58 Fe content, iron ore pellets, and the specified steel products, including pig iron.
The Central government has raised excise duty on export by Rs 6 per liter on Aviation Turbine Fuel (ATF), Rs 6 per liter on petrol and Rs 13 per liter on diesel. Apart from that Rs. 23,250 per tonne of cess will be charged on crude export. There is no change or addition of cess in the import of crude oil.
At present, there is 20 per cent duty on export of sugar.
The government is mulling the removal of export duty on sugar as domestic prices have fallen in anticipation of rise…
