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Subcommittee decides to raise scrap export duty rate from €45 to €70 per tonne


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The change was caused by the growth of global prices for scrap and iron-and-steel waste
MOSCOW, May 26. /TASS/. The Russian government’s subcommittee on customs tariff and non-tariff regulation, protective measures in international trade has decided to increase the minimum export duty on scrap and iron-and-steel waste from €45 to €70 per tonne, the Industry and Trade Ministry said in a statement on Wednesday. Previously the ministry suggested that it be doubled to 90 euro per tonne. 
The interest component of the duty will remain unchanged  5% of the customs value. Meanwhile, the minimum duty will be changed from €45 to €70 per tonne for improving the efficiency of customs administration and preventing the undervaluation of the customs value in exports. Consequently, the rates of export customs duties on waste and ferrous scrap will amount to 5%, but no less than €70 per tonne, the statement said. ....

Victor Yevtukhov , Economic Development Ministry , Trade Ministry , Deputy Industry , Trade Minister Victor Yevtukhov , Deputy Minister , பொருளாதார வளர்ச்சி அமைச்சகம் , வர்த்தகம் அமைச்சகம் , துணை தொழில் , துணை அமைச்சர் ,