MOIL Share Price in Focus as Government Exempts Manganese Ores with 20% or More Manganese Content from Customs Duty

The Indian government has announced a significant change in customs duty regulations, specifically targeting manganese ores and concentrates.  

This move is expected to impact companies like MOIL, which deals extensively in manganese production and distribution. 

Government's Customs Duty Exemption 

On June 9, 2026, the Ministry of Finance issued a notification exempting manganese ores and concentrates, including ferruginous manganese ores with a manganese content of 20% or more, from customs duty.  

This decision was made under the Customs Act, 1962, and is aimed at promoting public interest by reducing import costs for these materials. 

The notification, numbered 21/2026-Customs, amends a previous notification from December 26, 2022. The new exemption is listed under S. No. 825A in the updated table of goods, with the customs duty rate set to 0.0%. 

Impact on MOIL and the Market 

MOIL, a leading producer of manganese ore in India, is likely to see increased market focus following this exemption.  

The removal of customs duty could enhance the company's competitive edge by lowering operational costs associated with importing manganese ores. 

Details of the Notification 

The notification was published in the Gazette of India, Extraordinary, and was last amended on April 30, 2026.  

The exemption applies to all goods classified under the tariff item 26020010, which includes manganese ores and concentrates. 

This regulatory change is expected to influence the pricing and supply dynamics of manganese ores in the domestic market, potentially benefiting companies like MOIL. 

Read More: MOIL Share Price in Focus; Incorporates JV with Madhya Pradesh State Mining Corporation! 

MOIL Share Price Performance  

As of June 9, 2026, at 3:30 PM, MOIL share price on NSE was closed at ₹291.80 up by 0.33% from the previous closing price. 

Conclusion 

The government's decision to exempt manganese ores from customs duty is a strategic move to support the industry. This change is likely to have a positive impact on companies like MOIL, enhancing their market position and operational efficiency. 

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