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Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced custom and countervailing duty on Bituminous coal.
Finance Minister of India in his budget speech today, announced a hike in the basic customs duty on steam coal from present Zero to two percent and CVD from one per cent to two per cent. Steam coal also known as thermal coal or power plant coal is mainly used in power generation.
Recently Indian customs officers defined coal with Volatile Matter over 14 percent and calorific value over 5833 kcal/kg on moisture, mineral matter free (DMMF) basis as "Bituminous Coal".
"Prior to today’s announcement, steam coal is exempt from customs duty but subject to one percent concessional CVD. In the meantime, Bituminous coal attracts a duty of 5 per cent and CVD of 6 per cent. The government has equalized the duties on both type of coal and levy two per cent customs duty and two per cent CVD.
According to Media reports, India has imported around 30 million tons of bituminous coal last year against around 50 million tons of steam coal.
"Coal from Indonesian origin has special tax treatment In India. Hence importers of Indonesian coal will not affect significantly by above increase," a coal importer from India said.
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Sunday, 31 March 13
COAL FREIGHTS ARE IN FLAT TO WEAK TREND - VISTAAR
COALspot.com - This freight market after several weeks of firming up seemed to lose steam and this week all the indices were down except for handy s ...
Friday, 29 March 13
SUB-BIT INDONESIA COAL SWAPS: UP 0.55 % WOW; CFR SOUTH CHINA COAL CONTRACT: UP 0.23 % WOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.55 percent and CFR South China coal shipment&nbs ...
Thursday, 28 March 13
SHIP OWNERS KEEN ON ACQUIRING SECOND HAND TONNAGE, AS WELL AS NEW BUILDINGS IN CONVENTIONAL SEGMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent rally of the Baltic Dry Index (BDI), coupled with renewed optimism, at least in some parts of the wet market, have prompted many ship own ...
Wednesday, 27 March 13
PTBA HAS CONCLUDED US$ 16.14 BILLION WORTH OF COAL SALES AND PURCHASE AGREEMENT WITH PLN
COALspot.com - PT. Bukit Asam, a 32 years old Indonesian state owned coal miner has signed a coal sales and purchase agreement with PT PLN, (a state ...
Wednesday, 27 March 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry recovered to their highest level for two years in the three months ended February 2013, according ...
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- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- The University of Queensland
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Planning Commission, India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Australian Coal Association
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
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