Previously, the Indian government had been forced to reduce the export tax on low-grade iron ore (less than 62% of iron content) to 50 rupees per tonne. Indian iron ore is mainly exported to Japan, South Korea and China. These markets account for about 83% of its total exports.
It is reported that Indian iron ore miners hope that the Indian government will withdraw its export tax on iron ore (300 rupees per ton), because the tax increase may cause huge financial losses. According to estimates by the Indian Mining Union, due to the tax, iron ore production will be significantly reduced, resulting in significant reductions in mining expenses, service taxes, sales taxes, and transportation costs. It is estimated that India may suffer a loss of Rs. 32,790 crore in this fiscal year. The government will not be able to complete its taxation target this fiscal year. In the fiscal year 2006-2007, Indian iron ore exports were close to 90 million tons. The Indian Mining Union expects iron ore exports to drop by 33% this fiscal year.
Automatic L-Bar Shrink Packing Machine
Automatic L Bar Sealer Bottle Shrink Packing Machine
widely used in pipelining work for large quantity package with high work efficiency, installed with pin hole device, adjustable film feeding system and adjustable conveying table, meets different requirements for different products and it has a kissing device for packing the small products.
1. Introduced into the international advanced technology; using high speed fan motor and lead wind adjustable blowing system to expedite heating up. According to the product's size and output, it can adjust the speed of conveyor belt, flowing volume and temperature.
2. Unique wind adjustable device which can adjust the flowing volume to fit for product's dimension and packing speed.
3. Advanced and special model to heat up centralized.
4. Accelerates the heating time to reduce the power wasting.
5. Hot-wind cycle channel, the structure of which inside tunnel is designed by recycled style to remain the hot-wind circulated in the channel, to prevent energy wasting from the hot-wind leaked out.
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Hangzhou Xiaoshan Wanfeng Mechanical & Electrical Equipment Factory , https://www.wfengmachinery.com