COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 24 February 13
COAL SWAPS INCH UP WEEK - ON - WEEK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained  0.17 percent and CFR South China coal shipme ...


Sunday, 24 February 13
BDI FELL 1.72 PERCENT BUT FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - This freight market has been fairly steady this week but, BDI fell1.72 pct and closed at 740 points. The cape index also joins BDI ...


Saturday, 23 February 13
IHS MCCLOSKEY 20TH ANNUAL COAL CONFERENCE OF THE AMERICAS
IHS McCloskey 20th Annual Coal Conference of the Americas to be held on 13-14 March 2013 in Cartagena, Colombia IHS is pleased to invite you to t ...


Thursday, 21 February 13
HANDY : THE PACIFIC MARKET GOT FIRMED UP AS CHINESE CAME BACK FROM HOLIDAYS - FEARNLEYS
Handy The Atlantic saw more cargoes than last week but rates remained unchanged as lot of ships in the market. The USG-Feast was at USD 18k and Bla ...


Thursday, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...


   873 874 875 876 877   
Showing 4371 to 4375 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • ING Bank NV - Singapore
  • Indika Energy - Indonesia
  • Georgia Ports Authority, United States
  • Mjunction Services Limited - India
  • Cement Manufacturers Association - India
  • San Jose City I Power Corp, Philippines
  • Argus Media - Singapore
  • Samsung - South Korea
  • Coaltrans Conferences
  • MEC Coal - Indonesia
  • Posco Energy - South Korea
  • Sakthi Sugars Limited - India
  • Antam Resourcindo - Indonesia
  • Petron Corporation, Philippines
  • Asia Cement - Taiwan
  • Salva Resources Pvt Ltd - India
  • HSBC - Hong Kong
  • Eastern Energy - Thailand
  • MS Steel International - UAE
  • Runge Indonesia
  • Agrawal Coal Company - India
  • EMO - The Netherlands
  • Coastal Gujarat Power Limited - India
  • Global Business Power Corporation, Philippines
  • ACC Limited - India
  • Heidelberg Cement - Germany
  • Videocon Industries ltd - India
  • Sucofindo - Indonesia
  • PetroVietnam
  • Deutsche Bank - India
  • Noble Europe Ltd - UK
  • Power Finance Corporation Ltd., India
  • CCIC - Indonesia
  • Mintek Dendrill Indonesia
  • Indonesia Power. PT
  • Maybank - Singapore
  • U S Energy Resources
  • Central Java Power - Indonesia
  • The University of Queensland
  • ICICI Bank Limited - India
  • Ernst & Young Pvt. Ltd.
  • Mercuria Energy - Indonesia
  • Parliament of New Zealand
  • Kapuas Tunggal Persada - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Maruti Cements - India
  • Glencore India Pvt. Ltd
  • Metalloyd Limited - United Kingdom
  • Panama Canal Authority
  • Coal Orbis AG
  • World Coal - UK
  • Gujarat Sidhee Cement - India
  • CNBM International Corporation - China
  • Kepco SPC Power Corporation, Philippines
  • Thermax Limited - India
  • WorleyParsons
  • Jatenergy - Australia
  • Vizag Seaport Private Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Borneo Indobara - Indonesia
  • Singapore Mercantile Exchange
  • Global Coal Blending Company Limited - Australia
  • Qatrana Cement - Jordan
  • Indogreen Group - Indonesia
  • IHS Mccloskey Coal Group - USA
  • KOWEPO - South Korea
  • IEA Clean Coal Centre - UK
  • Reliance Power - India
  • Wilmar Investment Holdings
  • Merrill Lynch Commodities Europe
  • OCBC - Singapore
  • Pinang Coal Indonesia
  • Madhucon Powers Ltd - India
  • Russian Coal LLC
  • GN Power Mariveles Coal Plant, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Thiess Contractors Indonesia
  • Renaissance Capital - South Africa
  • Price Waterhouse Coopers - Russia
  • Iligan Light & Power Inc, Philippines
  • CoalTek, United States
  • Bhoruka Overseas - Indonesia
  • PLN - Indonesia
  • Total Coal South Africa
  • Malco - India
  • Arutmin Indonesia
  • Arch Coal - USA
  • Semirara Mining and Power Corporation, Philippines
  • Thriveni
  • Minerals Council of Australia
  • Bhatia International Limited - India
  • New Zealand Coal & Carbon
  • JPower - Japan
  • Intertek Mineral Services - Indonesia
  • Makarim & Taira - Indonesia
  • Australian Commodity Traders Exchange
  • AsiaOL BioFuels Corp., Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Latin American Coal - Colombia
  • BNP Paribas - Singapore
  • Lanco Infratech Ltd - India
  • Vitol - Bahrain
  • Merrill Lynch Bank
  • Cebu Energy, Philippines
  • Gujarat Electricity Regulatory Commission - India
  • Xindia Steels Limited - India
  • UOB Asia (HK) Ltd
  • Savvy Resources Ltd - HongKong
  • GAC Shipping (India) Pvt Ltd
  • Anglo American - United Kingdom
  • Japan Coal Energy Center
  • J M Baxi & Co - India
  • Therma Luzon, Inc, Philippines
  • EIA - United States
  • Independent Power Producers Association of India
  • Carbofer General Trading SA - India
  • McKinsey & Co - India
  • World Bank
  • Inco-Indonesia
  • India Bulls Power Limited - India
  • Bharathi Cement Corporation - India
  • Cosco
  • PLN Batubara - Indonesia
  • Vale Mozambique
  • Siam City Cement PLC, Thailand
  • Tata Chemicals Ltd - India
  • SMC Global Power, Philippines
  • Manunggal Multi Energi - Indonesia
  • Electricity Authority, New Zealand
  • Ind-Barath Power Infra Limited - India
  • Shree Cement - India
  • Pendopo Energi Batubara - Indonesia
  • Standard Chartered Bank - UAE
  • Bhushan Steel Limited - India
  • SMG Consultants - Indonesia
  • Coeclerici Indonesia
  • Infraline Energy - India
  • Aditya Birla Group - India
  • Coal and Oil Company - UAE
  • KPCL - India
  • Star Paper Mills Limited - India
  • Credit Suisse - India
  • Meenaskhi Energy Private Limited - India
  • Rudhra Energy - India
  • IOL Indonesia
  • Surastha Cement
  • Clarksons - UK
  • Bank of China, Malaysia
  • Jorong Barutama Greston.PT - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Permata Bank - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Global Green Power PLC Corporation, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • GVK Power & Infra Limited - India
  • PNOC Exploration Corporation - Philippines
  • Mercator Lines Limited - India
  • Indonesian Coal Mining Association
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • White Energy Company Limited
  • Cardiff University - UK
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Africa Commodities Group - South Africa
  • Thomson Reuters GRC
  • globalCOAL - UK
  • Neyveli Lignite Corporation Ltd, - India
  • TGV SRAAC LIMITED, India
  • Barclays Capital - USA
  • McConnell Dowell - Australia
  • Berau Coal - Indonesia
  • Indian Energy Exchange, India
  • Simpson Spence & Young - Indonesia
  • Bangladesh Power Developement Board
  • Uttam Galva Steels Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Idemitsu - Japan
  • Indorama - Singapore
  • Geoservices-GeoAssay Lab
  • KPMG - USA
  • Bukit Asam (Persero) Tbk - Indonesia
  • Indian Oil Corporation Limited
  • TNPL - India
  • Vedanta Resources Plc - India
  • Port Waratah Coal Services - Australia
  • Maersk Broker
  • Sojitz Corporation - Japan
  • European Bulk Services B.V. - Netherlands
  • ANZ Bank - Australia
  • Ministry of Finance - Indonesia
  • Riau Bara Harum - Indonesia
  • Mechel - Russia
  • Maheswari Brothers Coal Limited - India
  • Gresik Semen - Indonesia
  • Wood Mackenzie - Singapore
  • ETA - Dubai
  • Freeport Indonesia
  • Essar Steel Hazira Ltd - India
  • RBS Sempra - UK
  • Platts
  • PTC India Limited - India
  • Indian School of Mines
  • GHCL Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Jaiprakash Power Ventures ltd
  • Romanian Commodities Exchange
  • Malabar Cements Ltd - India
  • Platou - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Marubeni Corporation - India
  • Coal India Limited
  • Shenhua Group - China
  • Sarangani Energy Corporation, Philippines
  • Adani Power Ltd - India
  • Jindal Steel & Power Ltd - India
  • Meralco Power Generation, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Baramulti Group, Indonesia
  • The State Trading Corporation of India Ltd
  • Cigading International Bulk Terminal - Indonesia
  • Humpuss - Indonesia
  • GMR Energy Limited - India
  • Economic Council, Georgia
  • SGS (Thailand) Limited
  • TeaM Sual Corporation - Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Binh Thuan Hamico - Vietnam
  • Core Mineral Indonesia
  • Edison Trading Spa - Italy
  • Karbindo Abesyapradhi - Indoneisa
  • Interocean Group of Companies - India
  • Mitsui
  • CIMB Investment Bank - Malaysia
  • The India Cements Ltd
  • JPMorgan - India
  • SN Aboitiz Power Inc, Philippines
  • PowerSource Philippines DevCo
  • Sical Logistics Limited - India
  • Kideco Jaya Agung - Indonesia
  • Mitsubishi Corporation
  • Inspectorate - India
  • Bayan Resources Tbk. - Indonesia
  • APGENCO India
  • NTPC Limited - India
  • Trasteel International SA, Italy
  • Orica Mining Services - Indonesia
  • Medco Energi Mining Internasional
  • LBH Netherlands Bv - Netherlands
  • Moodys - Singapore
  • IMC Shipping - Singapore
  • Thai Mozambique Logistica
  • Fearnleys - India
  • TRAFIGURA, South Korea
  • DBS Bank - Singapore
  • Bangkok Bank PCL
  • SRK Consulting
  • Bank of America
  • Banpu Public Company Limited - Thailand
  • South Luzon Thermal Energy Corporation
  • Electricity Generating Authority of Thailand
  • Maharashtra Electricity Regulatory Commission - India
  • GNFC Limited - India
  • Toyota Tsusho Corporation, Japan
  • PetroVietnam Power Coal Import and Supply Company
  • ASAPP Information Group - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Gupta Coal India Ltd
  • Commonwealth Bank - Australia
  • Mitra SK Pvt Ltd - India
  • NALCO India
  • Alfred C Toepfer International GmbH - Germany
  • Planning Commission, India
  • Australian Coal Association
  • Cargill India Pvt Ltd
  • Attock Cement Pakistan Limited
  • Britmindo - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • Ministry of Transport, Egypt
  • Globalindo Alam Lestari - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • GB Group - China
  • Parry Sugars Refinery, India
  • Lafarge - France
  • Chamber of Mines of South Africa
  • Petrosea - Indonesia
  • Semirara Mining Corp, Philippines
  • TANGEDCO India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Chettinad Cement Corporation Ltd - India
  • Altura Mining Limited, Indonesia
  • SUEK AG - Indonesia
  • CESC Limited - India
  • Goldman Sachs - Singapore
  • Leighton Contractors Pty Ltd - Australia
  • Coalindo Energy - Indonesia
  • Ince & co LLP
  • Enel Italy
  • Formosa Plastics Group - Taiwan
  • Indo Tambangraya Megah - Indonesia
  • Peabody Energy - USA
  • Tata Power - India
  • Adaro Indonesia
  • Directorate Of Revenue Intelligence - India
  • Deloitte Consulting - India
  • Straits Asia Resources Limited - Singapore
  • Tanito Harum - Indonesia
  • Eastern Coal Council - USA
  • Holcim Trading Pte Ltd - Singapore
  • KEPCO - South Korea
  • Aboitiz Power Corporation - Philippines
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Kartika Selabumi Mining - Indonesia
  • Kumho Petrochemical, South Korea
  • VISA Power Limited - India
  • Sindya Power Generating Company Private Ltd
  • Grasim Industreis Ltd - India
  • Cemex - Philippines
  • Xstrata Coal
  • Ministry of Mines - Canada
  • Tamil Nadu electricity Board
  • Asmin Koalindo Tuhup - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Larsen & Toubro Limited - India
  • Oldendorff Carriers - Singapore
  • Kaltim Prima Coal - Indonesia
  • Asian Development Bank
  • Orica Australia Pty. Ltd.
  • SASOL - South Africa
  • OPG Power Generation Pvt Ltd - India
  • Dalmia Cement Bharat India
  • UBS Singapore
  • Central Electricity Authority - India
  • Ambuja Cements Ltd - India
  • bp singapore
  • International Coal Ventures Pvt Ltd - India
  • Thailand Anthracite
  • Siam City Cement - Thailand
  • Gujarat Mineral Development Corp Ltd - India
  • Bulk Trading Sa - Switzerland
  • The Treasury - Australian Government
  • Energy Link Ltd, New Zealand
  • Directorate General of MIneral and Coal - Indonesia
  • Kobe Steel Ltd - Japan
  • Bukit Makmur.PT - Indonesia
  • Barasentosa Lestari - Indonesia
  • Energy Development Corp, Philippines
  • BRS Brokers - Singapore
  • London Commodity Brokers - England
  • IBC Asia (S) Pte Ltd
  • Samtan Co., Ltd - South Korea
  • Rio Tinto Coal - Australia