India :reduces import duty for Indonesian coal, emerged as second largest Importer of Indonesian coal in 2010

 Friday,February  04, 

India has introduced special reduced rate of import duty for Indonesian coal since January 2011.*  Thereby Indonesian coal enjoys 2% cheaper import duty in India compared to other origins of coal. According to market players, Indonesian coal is subjected to a duty of 3 percent as against 5 percent for other origins of coal.

India became the second largest importer of Indonesian coal in 2010.  47.593 million tons of Indonesian coal has been imported both by government and private utilities of India in 2010. India’s January 2011 imports of Indonesian coal have jumped significantly. India has imported 6,099,932 MT of coal in January 2011 compared to just 3,885,454 MT in a month ago or 56.99 percent higher than December imports. In 2010 Indonesia has exported 16.70 percent of its total coal exports to India.

Top five Indonesian coal importers in 2010 were China, India, South Korea, Japan and Taiwan