Market Survey on Copper - Indian Bureau of Mines
Market Survey on Copper - Indian Bureau of Mines
Market Survey on Copper - Indian Bureau of Mines
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copper which was <strong>on</strong>ly 105 thousand t<strong>on</strong>nes in 2003 increased to 236 thousand<br />
t<strong>on</strong>nes in 2006 and came down to 185 thousand t<strong>on</strong>nes in 2009. The main<br />
destinati<strong>on</strong>s <strong>of</strong> <strong>Indian</strong> copper alloys were mainly to China (36%) was followed<br />
by Saudi Arabia 17%. Besides, 27 thousand t<strong>on</strong>nes <strong>of</strong> copper ores &<br />
c<strong>on</strong>centrates was also exported mainly to Germany, and China. A small<br />
quantity <strong>of</strong> cement copper (precipitated) was also exported. India also exports<br />
copper scrap and scrap <strong>of</strong> brass and br<strong>on</strong>ze.<br />
4.5.2 Imports<br />
India is <strong>on</strong>e <strong>of</strong> the major importers <strong>of</strong> copper ores & c<strong>on</strong>centrates. India<br />
imported 1.91 milli<strong>on</strong> t<strong>on</strong>nes <strong>of</strong> copper ores & c<strong>on</strong>centrates in 2007-08 but in<br />
the year 2008-09 the imports were increased to 2.26 milli<strong>on</strong> t<strong>on</strong>nes. The major<br />
countries from which India imports copper ores and c<strong>on</strong>centrates are Chile,<br />
Australia, Ind<strong>on</strong>esia, Brazil, Iran etc. India imported 633 thousand t<strong>on</strong>nes <strong>of</strong><br />
copper ores & c<strong>on</strong>centrates from Chile, c<strong>on</strong>tributing 28% to the total <strong>Indian</strong><br />
imports followed by Australia (22%) and Ind<strong>on</strong>esia (8%). The India’s imports<br />
<strong>of</strong> refined copper stood at 15,496 t<strong>on</strong>nes in 2009 which decreased from 15,744<br />
t<strong>on</strong>nes in 2008. In the 2008-09, India also imported 23,245 t<strong>on</strong>nes <strong>of</strong> copper<br />
scrap, 321 t<strong>on</strong>nes <strong>of</strong> cement copper precipitated.<br />
4.6 EXPORT- IMPORT POLICY:<br />
The export import (Exim) policy <strong>of</strong> copper metal is decided by the Ministry <strong>of</strong><br />
commerce, Government <strong>of</strong> India. The gist <strong>of</strong> the policy is given below.<br />
4.6.1 Export Policy<br />
As per the export policy 2009-14 <strong>Copper</strong>/lead/zinc metal and their alloys<br />
are freely exportable without c<strong>on</strong>diti<strong>on</strong>s.<br />
4.4.2 Import policy:<br />
The import policy for years 2009-14 is given in Table: 4.4.<br />
Table: 4.4 - Import Policy for <strong>Copper</strong> 2009-14<br />
Exim Code Policy Policy Basic Pref. CVD+E. Custom Spl. Total Duty<br />
C<strong>on</strong>diti<strong>on</strong> duty duty Ed.Cess Ed.Cess CVD %<br />
Items <strong>of</strong> copper<br />
under Exim Code<br />
7401 to 7410<br />
(Except the<br />
following)<br />
Free - 5 - 8.24 2+1 4 18.62402<br />
Exim Code Nos.<br />
7404 00 11,<br />
7404 00 19,<br />
7404 00 29,<br />
7404 00 21<br />
Restricted - 5 - 8.24 2+1 4 18.62402<br />
Items <strong>of</strong> copper<br />
under Exim Code<br />
7411 to 7412<br />
Free - 7.5 - 8.24 2+1 4 21.52269<br />
Items <strong>of</strong> copper<br />
under Exim Code<br />
7415 to 7419<br />
Free - 10 - 8.24 2+1 4 24.42136<br />
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