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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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Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...
Thursday, 14 March 13
SHIPPERS AND CARRIERS NEED GREATER COMMUNICATION AND MUTUAL UNDERSTANDING
Press Release – Shippers and shipping lines both need to raise their game if global container supply chains are not to be habitually subject t ...
Wednesday, 13 March 13
NEWBUILDING PRICES EXHIBIT NO FALL IN PAST SIX MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that oversupply has been the key plague of the shipping markets in recent years and newbuilding ordering activity has receded subst ...
Tuesday, 12 March 13
COAL MINING PRIVATIZATION IN INDIA: MUST - SUNIL K KUMBHAT
COALspot.com - India has the one of the richest coal reserves in the world and the country should have shown significant progress and gained the pos ...
Tuesday, 12 March 13
NEWCASTLE PORT SHIPPED 2.47 MILLION TONS OF COAL W/E 11 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,471,080 MT of thermal and coking coal for week ended 0700 hours 11 March 2013, Newcast ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Minerals Council of Australia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Planning Commission, India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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