10.75 lakh tons iron ore exported in April-October period

Q.  As per provisional data, India has exported __________ lakh tonnes of iron ore in the first seven months of fiscal 2015-2016.
- Published on 08 Dec 15

a. 10.74
b. 10.75
c. 10.76
d. 10.77

ANSWER: 10.75
 
India has exported 10.75 lakh tons iron ore in April to October has per provision data released by the Ministry of Steel and mines. Conservation of iron ore resources is also imperative. Close to 74.90 lakh tonnes of iron ore had been exported in FY2014-2015. Currently, ad valorem duty of 30% is levied w.e.f December 12, 2011 on export of all grades of iron ore except low grades carrying duty of more than 10% while iron ore pellets have export duty of 5%.

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