Indian Tax Crackdown Threatens to Slow Exports of Low-Grade Ore
India’s top iron ore-producing state is increasing quality-control checks after some miners were found to be misrepresenting grades in order to pay lower royalties, according to a document seen by...
By Katharine Gemmell and Preeti Soni · Bloomberg Markets
India’s top iron ore-producing state is increasing quality-control checks after some miners were found to be misrepresenting grades in order to pay lower royalties, according to a document seen by Bloomberg, a crackdown that could hit domestic and export sales.