The government today said there would be no restriction on export of iron ore, as there is surplus of the mineral in the country even after its export.

Minister for Commerce and Industry Anand Sharma today informed Rajya Sabha during Question Hour that "there have been demands from time to time for restricting the export of major minerals like iron ore, manganese ore and chrome ore".

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"There are quantitative restrictions in respect of export of high grade Bailadila iron ore. In respect of iron ore lumps and fines of less than 64 per cent iron content, there are no restrictions on export. However iron ore lumps attract a five per cent advalorem export duty," he added.

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