The Intel  (R) Pentium (R) IIIProcessor

India Business Forum

Search
The Indian Express

The Financial Express

Latest News

Screen

Express Computer
Feedback
Travel

Matrimonials

Careers

Lifestyle

Astrology

E-Cards

Columnists

Graffiti

Crossword

Letters

Environment

Jewellery
Info-tech

Power

Steel

Advertisers Forum

Business Forum

In association with Amazon.com

Books Music

Enter keywords


FINANCIAL EXPRESS FRONT PAGE

Corporate

Economy

Expressions

Markets

Leisure

 

Saturday, April 24, 1999

Russia publishes new commodity trade tariffs 

REUTERS  
Moscow, Apr 23: The Russian government published a series of resolutions in its official gazette recently, setting new export tariffs on some metals, metal products and scrap for six months, and new sugar import tariffs. New tariffs in Russia normally become effective from a certain number of days after their publication in the official gazette.

Aluminium and allied products, as well as ferrous and precious metals, pearls and precious and semi-precious stones, some mineral fertilisers, paper and cardboard have been added to the list of commodities liable to a five per cent export tariff. Cut and polished diamonds can be exported tax-free, the respective resolution says. It says the tariff will come into effect for a period of six months, starting seven days from publication.

Earlier this month Andrei Kushnirenko, head of the tariff policy department at the trade ministry, said that the tariff would not be applied to tolled aluminium, although the resolution does not contain a direct reference to that.

Another resolution published on last Thursday sets a tariff of 15 per cent, but no lower than 15 euros per tonne, on non-ferrous scrap metal exports for six months starting 15 days from April 22. Yet another resolution doubles to 20 per cent from 10 per cent now the export tariff on exports of seven non-ferrous scrap metals -- copper, nickel, aluminium, lead, zinc, cobalt and titanium. It also sets a minimum tariff per one tonne of scrap metal which will be 220 euros for copper, 480 euros for nickel, 100 euros for aluminium, 70 euros for lead, 120 euros for zinc, 800 euros for cobalt and 150 euros for titanium.

This resolution will be effective starting 15 days from April 22. Sugar import tariffs will be raised to five per cent from one percent on raws and to 30 per cent from 25 per cent on whites, starting 180 days from April 22, a respective resolution says. Kushnirenko earlier said that the government planned to set a seasonal export tariff of 45 per cent on both raw and white sugar from August 1 toNovember 30.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


Top


Cut your internet cost now! Netwatch

 

Click here for a printer-friendly page Printer-friendly page

One of India's Leading Banks



EXPRESSindia.com
News   Business    Sports   Entertainment
The Indian Express | The Financial Express | Latest News | Screen | Express Computers
Travel | MatrimonialsCareersLifestyle | Astrology
E-Cards | Graffiti | Environment | Jewellery | Info-tech | Power