iron and steel industry in india
currently, basic excise duty for steel is set at 12.5% and there is no export duty on steel items. the government has also imposed an export duty of 30% on all forms of iron ore except low grades, which carry a duty of 10%, while iron ore pellets have an export duty of 5% to control ad hoc exports of the items and to conserve them for the long term requirements of the domestic steel industry.